Oxbow Advisors LLC Sells 65 Shares of Intuit Inc. (NASDAQ:INTU)

Oxbow Advisors LLC cut its position in Intuit Inc. (NASDAQ:INTU) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455 shares of the software maker’s stock after selling 65 shares during the quarter. Oxbow Advisors LLC’s holdings in Intuit were worth $286,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC increased its stake in shares of Intuit by 8.1% in the third quarter. Foundations Investment Advisors LLC now owns 402 shares of the software maker’s stock valued at $250,000 after buying an additional 30 shares during the period. McAdam LLC acquired a new stake in shares of Intuit in the third quarter valued at about $205,000. Values First Advisors Inc. acquired a new stake in Intuit during the third quarter worth approximately $120,000. Dakota Wealth Management grew its stake in Intuit by 5.5% during the third quarter. Dakota Wealth Management now owns 4,057 shares of the software maker’s stock worth $2,519,000 after purchasing an additional 213 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its stake in Intuit by 1.8% in the third quarter. Mount Yale Investment Advisors LLC now owns 973 shares of the software maker’s stock valued at $604,000 after acquiring an additional 17 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTU. Royal Bank of Canada restated an “outperform” rating and issued a $760.00 target price on shares of Intuit in a report on Friday, November 22nd. Oppenheimer raised their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley raised their target price on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Scotiabank began coverage on Intuit in a report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Intuit Stock Performance

NASDAQ:INTU opened at $565.47 on Friday. 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 52-week low of $557.29 and a 52-week high of $714.78. The firm has a market cap of $158.28 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 2.85 and a beta of 1.24. The business’s fifty day moving average is $612.23 and its 200 day moving average is $628.35.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (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 analyst estimates of $3.14 billion. During the same period in the previous year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Insider Activity at Intuit

In related news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total value of $16,624,890.18. Following the sale, the chief executive officer now owns 37,869 shares in the company, valued at approximately $23,701,828.41. The trade was a 41.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is owned by company insiders.

Intuit 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.