Allstate Corp Sells 150 Shares of Intuit Inc. (NASDAQ:INTU)

Allstate Corp lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 14.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 889 shares of the software maker’s stock after selling 150 shares during the period. Allstate Corp’s holdings in Intuit were worth $556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Intuit in the 3rd quarter worth approximately $426,000. NewSquare Capital LLC bought a new position in shares of Intuit in the 3rd quarter worth approximately $25,000. MGO One Seven LLC lifted its stake in shares of Intuit by 17.9% in the 3rd quarter. MGO One Seven LLC now owns 1,289 shares of the software maker’s stock worth $659,000 after purchasing an additional 196 shares during the period. Aspire Private Capital LLC increased its holdings in Intuit by 144.4% in the 3rd quarter. Aspire Private Capital LLC now owns 66 shares of the software maker’s stock worth $34,000 after acquiring an additional 39 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Intuit by 7.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 433 shares of the software maker’s stock worth $221,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Transactions at Intuit

In other news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Alex G. Balazs sold 280 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $636.38, for a total transaction of $178,186.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Lauren D. Hotz sold 745 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $655.13, for a total value of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares in the company, valued at approximately $2,083,313.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,717 shares of company stock worth $3,117,156. 2.90% of the stock is currently owned by insiders.

Intuit Trading Down 0.3 %

INTU traded down $1.72 during trading on Thursday, reaching $668.55. The company had a trading volume of 608,788 shares, compared to its average volume of 1,197,086. The stock has a market cap of $187.19 billion, a P/E ratio of 68.39, a PEG ratio of 4.07 and a beta of 1.22. The business has a 50 day simple moving average of $634.72 and a 200-day simple moving average of $619.64. Intuit Inc. has a 52 week low of $400.22 and a 52 week high of $676.62. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.35.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 22nd. The software maker reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.33. Intuit had a return on equity of 17.51% and a net margin of 18.35%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Intuit Inc. will post 11.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of Intuit from $670.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. KeyCorp increased their target price on shares of Intuit from $720.00 to $740.00 and gave the stock an “overweight” rating in a report on Monday. Susquehanna increased their target price on shares of Intuit from $700.00 to $775.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Wells Fargo & Company increased their target price on shares of Intuit from $725.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Oppenheimer increased their price objective on shares of Intuit from $678.00 to $712.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $666.59.

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.