Intuit Inc. (NASDAQ:INTU) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,133 shares of the software maker's stock after selling 1,621 shares during the quarter. Sanctuary Advisors LLC's holdings in Intuit were worth $10,359,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of INTU. R Squared Ltd purchased a new position in Intuit during the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC purchased a new position in Intuit during the third quarter valued at approximately $27,000. Heck Capital Advisors LLC purchased a new position in Intuit during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit during the fourth quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Intuit during the fourth quarter valued at approximately $29,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Down 2.4 %

NASDAQ:INTU traded down $13.61 on Friday, reaching $565.47. The company's stock had a trading volume of 2,006,382 shares, compared to its average volume of 1,767,831. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $158.29 billion, a price-to-earnings ratio of 54.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.24. The stock has a 50 day moving average price of $614.05 and a 200 day moving average price of $628.50.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company's revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada restated an "outperform" rating and issued a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on Intuit from $600.00 to $640.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Piper Sandler restated an "overweight" rating and issued a $765.00 price objective on shares of Intuit in a research report on Friday, January 10th. Barclays cut their price objective on Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Finally, Redburn Atlantic assumed coverage on Intuit in a research report on Wednesday. They issued a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intuit presently has an average rating of "Moderate Buy" and an average price target of $726.53.

Insider Buying and Selling at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares in the company, valued at $325,664.22. This represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock worth $188,992,187 over the last quarter. 2.68% of the stock is currently owned by company insiders.

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.