Rathbones Group PLC Sells 4,235 Shares of Intuit Inc. (NASDAQ:INTU)

Rathbones Group PLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,143 shares of the software maker's stock after selling 4,235 shares during the period. Intuit accounts for approximately 0.8% of Rathbones Group PLC's holdings, making the stock its 29th biggest position. Rathbones Group PLC owned approximately 0.10% of Intuit worth $174,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Twin Capital Management Inc. increased its holdings in shares of Intuit by 0.4% during the fourth quarter. Twin Capital Management Inc. now owns 10,679 shares of the software maker's stock valued at $6,712,000 after purchasing an additional 40 shares during the period. Sumitomo Mitsui Financial Group Inc. grew its position in Intuit by 7.2% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 34,050 shares of the software maker's stock valued at $21,400,000 after buying an additional 2,283 shares in the last quarter. Trek Financial LLC grew its position in Intuit by 64.7% in the 4th quarter. Trek Financial LLC now owns 1,342 shares of the software maker's stock valued at $843,000 after buying an additional 527 shares in the last quarter. Polymer Capital Management HK LTD raised its position in shares of Intuit by 10.0% during the 4th quarter. Polymer Capital Management HK LTD now owns 550 shares of the software maker's stock worth $346,000 after buying an additional 50 shares in the last quarter. Finally, 2Xideas AG lifted its stake in shares of Intuit by 1.9% in the 4th quarter. 2Xideas AG now owns 11,910 shares of the software maker's stock worth $7,485,000 after acquiring an additional 222 shares during the period. Institutional investors own 83.66% of the company's stock.

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Insider Buying and Selling

In other news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. The trade was a 0.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eve B. Burton sold 1,702 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total value of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares in the company, valued at $4,800. This represents a 99.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,696 shares of company stock worth $14,347,731. 2.68% of the stock is owned by company insiders.

Intuit Stock Up 1.7 %

Intuit stock traded up $9.57 during mid-day trading on Friday, hitting $587.04. The company's stock had a trading volume of 1,479,882 shares, compared to its average volume of 1,567,880. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $714.78. The company has a market cap of $164.11 billion, a PE ratio of 56.99, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm's 50 day moving average is $591.70 and its 200 day moving average is $617.55.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, April 10th. Intuit's dividend payout ratio (DPR) is 38.81%.

Analyst Ratings Changes

INTU has been the topic of a number of research analyst reports. Scotiabank lowered their price objective on shares of Intuit from $700.00 to $600.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Piper Sandler reissued an "overweight" rating and issued a $785.00 price objective (up previously from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. Jefferies Financial Group cut their price objective on Intuit from $800.00 to $735.00 and set a "buy" rating for the company in a report on Monday, March 31st. BNP Paribas lowered Intuit from a "neutral" rating to an "underperform" rating and set a $530.00 target price on the stock. in a report on Wednesday, January 15th. Finally, Morgan Stanley raised shares of Intuit from an "equal weight" rating to an "overweight" rating and set a $730.00 price target for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $713.56.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.