Intuit Inc. (NASDAQ:INTU) Shares Sold by Clarius Group LLC

Clarius Group LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,449 shares of the software maker’s stock after selling 51 shares during the period. Clarius Group LLC’s holdings in Intuit were worth $1,539,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTU. Intech Investment Management LLC raised its position in shares of Intuit by 9.3% during the 2nd quarter. Intech Investment Management LLC now owns 5,030 shares of the software maker’s stock valued at $3,306,000 after buying an additional 429 shares during the period. Canada Pension Plan Investment Board increased its stake in Intuit by 80.8% during the second quarter. Canada Pension Plan Investment Board now owns 251,385 shares of the software maker’s stock worth $165,213,000 after acquiring an additional 112,359 shares during the last quarter. AE Wealth Management LLC raised its position in Intuit by 57.0% in the second quarter. AE Wealth Management LLC now owns 8,726 shares of the software maker’s stock valued at $5,735,000 after purchasing an additional 3,169 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Intuit by 12.8% in the 2nd quarter. Pacer Advisors Inc. now owns 41,621 shares of the software maker’s stock valued at $27,354,000 after purchasing an additional 4,730 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Intuit by 12.2% during the 2nd quarter. Sei Investments Co. now owns 642,187 shares of the software maker’s stock worth $422,050,000 after purchasing an additional 69,656 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on INTU shares. Royal Bank of Canada restated an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a report on Friday, November 22nd. Barclays dropped their target price on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. BNP Paribas cut Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a research note on Wednesday. Scotiabank assumed coverage on Intuit in a research note on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price objective for the company. Finally, StockNews.com lowered Intuit from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Insider Buying and Selling

In related news, EVP Mark P. Notarainni sold 3,649 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the sale, the executive vice president now owns 19 shares of the company’s stock, valued at $12,286.92. This trade represents a 99.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the completion of the transaction, the insider now directly owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. The trade was a 1.16 % 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 in the last three months. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $604.13 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $646.09 and a 200-day simple moving average of $637.06. The company has a market cap of $169.11 billion, a price-to-earnings ratio of 58.65, a price-to-earnings-growth ratio of 3.07 and a beta of 1.25. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm 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 firm earned $1.14 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Intuit Company Profile

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.