Stephens Inc. AR Decreases Position in Intuit Inc. (NASDAQ:INTU)

Stephens Inc. AR trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,924 shares of the software maker’s stock after selling 232 shares during the period. Stephens Inc. AR’s holdings in Intuit were worth $7,494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Entropy Technologies LP grew its holdings in shares of Intuit by 384.1% in the fourth quarter. Entropy Technologies LP now owns 12,001 shares of the software maker’s stock worth $7,543,000 after purchasing an additional 9,522 shares during the last quarter. Empowered Funds LLC boosted its position in Intuit by 26.4% during the 4th quarter. Empowered Funds LLC now owns 7,021 shares of the software maker’s stock valued at $4,413,000 after buying an additional 1,465 shares during the period. Moloney Securities Asset Management LLC grew its holdings in Intuit by 0.7% in the 4th quarter. Moloney Securities Asset Management LLC now owns 2,717 shares of the software maker’s stock worth $1,708,000 after acquiring an additional 20 shares during the last quarter. Forbes J M & Co. LLP increased its position in shares of Intuit by 28.5% in the fourth quarter. Forbes J M & Co. LLP now owns 2,374 shares of the software maker’s stock valued at $1,492,000 after acquiring an additional 526 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of Intuit by 14.6% in the fourth quarter. Apollon Wealth Management LLC now owns 12,452 shares of the software maker’s stock valued at $7,826,000 after acquiring an additional 1,589 shares during the period. 83.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on INTU. Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. Jefferies Financial Group lifted their price objective on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. BNP Paribas cut 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. Oppenheimer raised their price target on Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. One 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’s stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $726.53.

Insider Buying and Selling at Intuit

In related news, EVP Laura A. Fennell sold 4,788 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the transaction, the executive vice president now owns 30,010 shares in the company, valued at $18,414,736.20. This represents a 13.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. 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. Insiders own 2.68% of the company’s stock.

Intuit Trading Down 1.9 %

NASDAQ INTU opened at $578.85 on Monday. The stock’s fifty day moving average price is $626.20 and its 200-day moving average price is $631.58. 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 market cap of $162.03 billion, a P/E ratio of 56.20, a P/E/G ratio of 2.91 and a beta of 1.24. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. As a group, equities analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a $1.04 dividend. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.72%. 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.