Two Sigma Securities LLC Has $1.99 Million Stock Position in Intuit Inc. (NASDAQ:INTU)

Two Sigma Securities LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 77.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,173 shares of the software maker's stock after selling 11,054 shares during the period. Two Sigma Securities LLC's holdings in Intuit were worth $1,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTU. R Squared Ltd acquired a new position in Intuit in the 4th quarter valued at approximately $25,000. NewSquare Capital LLC boosted its stake in Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock worth $27,000 after buying an additional 18 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Intuit in the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit in the 4th quarter valued at $28,000. Finally, Summit Securities Group LLC bought a new position in shares of Intuit during the 4th quarter worth approximately $28,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTU has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Intuit from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $640.00 to $660.00 in a research note on Wednesday, March 5th. Mizuho upped their price target on Intuit from $750.00 to $765.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Citigroup cut their target price on shares of Intuit from $760.00 to $726.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. StockNews.com lowered shares of Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley dropped their price target on shares of Intuit from $730.00 to $720.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $717.53.

Insider Activity at Intuit

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total value of $4,999,510.98. Following the sale, the executive vice president now owns 21,882 shares of the company's stock, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 8 shares of the company's stock, valued at $4,800. This represents a 99.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by corporate insiders.

Intuit Stock Down 0.9 %

NASDAQ INTU traded down $5.89 during trading hours on Monday, reaching $618.23. 1,355,770 shares of the company's stock were exchanged, compared to its average volume of 1,580,601. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The company's 50-day moving average is $593.48 and its two-hundred day moving average is $616.08. The company has a market capitalization of $172.83 billion, a price-to-earnings ratio of 60.02, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.67%. Intuit's payout ratio is 38.81%.

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.