James Hambro & Partners LLP Reduces Position in Intuit Inc. (NASDAQ:INTU)

James Hambro & Partners LLP decreased its holdings in Intuit Inc. (NASDAQ:INTU) by 9.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,804 shares of the software maker’s stock after selling 195 shares during the period. James Hambro & Partners LLP’s holdings in Intuit were worth $1,134,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC increased its position in Intuit by 37.3% during the second quarter. AQR Capital Management LLC now owns 50,487 shares of the software maker’s stock valued at $32,954,000 after acquiring an additional 13,721 shares during the last quarter. Kathmere Capital Management LLC increased its position in shares of Intuit by 9.5% during the 2nd quarter. Kathmere Capital Management LLC now owns 436 shares of the software maker’s stock valued at $287,000 after purchasing an additional 38 shares during the last quarter. Ascent Group LLC lifted its stake in shares of Intuit by 6.8% in the 2nd quarter. Ascent Group LLC now owns 4,803 shares of the software maker’s stock worth $3,157,000 after purchasing an additional 307 shares during the period. Aviso Wealth Management boosted its holdings in shares of Intuit by 4.9% in the second quarter. Aviso Wealth Management now owns 362 shares of the software maker’s stock worth $238,000 after buying an additional 17 shares during the last quarter. Finally, Buck Wealth Strategies LLC grew its position in Intuit by 148.3% during the second quarter. Buck Wealth Strategies LLC now owns 12,626 shares of the software maker’s stock valued at $8,299,000 after buying an additional 7,541 shares during the period. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ INTU opened at $597.95 on Monday. The stock has a market capitalization of $167.38 billion, a PE ratio of 58.05, a P/E/G ratio of 3.01 and a beta of 1.25. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78. The business has a 50 day simple moving average of $636.69 and a two-hundred day simple moving average of $635.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

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

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were paid a dividend of $1.04 per share. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.70%. Intuit’s payout ratio is currently 40.39%.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 1,078 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the completion of the sale, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock worth $188,992,187 over the last ninety days. Company insiders own 2.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INTU shares. Piper Sandler reiterated an “overweight” rating and issued a $765.00 price target on shares of Intuit in a research report on Friday, January 10th. Stifel Nicolaus cut their price target on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. Oppenheimer increased their target price on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $726.53.

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.