Intuit Inc. (NASDAQ:INTU) Shares Sold by Sepio Capital LP

Sepio Capital LP reduced its stake in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 14.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 452 shares of the software maker’s stock after selling 74 shares during the period. Sepio Capital LP’s holdings in Intuit were worth $283,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its stake in Intuit by 18.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,050 shares of the software maker’s stock valued at $1,558,000 after purchasing an additional 482 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Intuit by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 21,268 shares of the software maker’s stock valued at $13,293,000 after buying an additional 226 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in Intuit by 12.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 18,397 shares of the software maker’s stock worth $9,400,000 after buying an additional 2,074 shares during the period. Hixon Zuercher LLC purchased a new position in Intuit during the 4th quarter worth approximately $1,292,000. Finally, Signature Wealth Management Group acquired a new stake in Intuit during the 4th quarter valued at approximately $1,747,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 745 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intuit news, CAO Lauren D. Hotz sold 745 shares of Intuit stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $655.13, for a total transaction of $488,071.85. Following the transaction, the chief accounting officer now directly owns 3,180 shares of the company’s stock, valued at $2,083,313.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kerry J. Mclean sold 3,692 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $663.84, for a total transaction of $2,450,897.28. Following the completion of the transaction, the executive vice president now owns 22,948 shares in the company, valued at $15,233,800.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,717 shares of company stock valued at $3,117,156. 2.90% of the stock is currently owned by insiders.

Intuit Price Performance

INTU stock traded down $55.27 during midday trading on Friday, reaching $606.99. The stock had a trading volume of 4,252,637 shares, compared to its average volume of 1,048,470. Intuit Inc. has a 52-week low of $400.22 and a 52-week high of $676.62. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $634.59 and its 200 day simple moving average is $621.43. The company has a market cap of $169.96 billion, a price-to-earnings ratio of 56.00, a price-to-earnings-growth ratio of 3.70 and a beta of 1.22.

Intuit (NASDAQ:INTUGet Free Report) last issued its earnings results on Thursday, May 23rd. The software maker reported $8.63 EPS for the quarter, beating analysts’ consensus estimates of $8.12 by $0.51. Intuit had a net margin of 19.43% and a return on equity of 19.07%. The business had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same period in the prior year, the business earned $7.80 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Intuit Inc. will post 11.28 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th will be given a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.59%. Intuit’s dividend payout ratio (DPR) is presently 33.21%.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTU. Piper Sandler raised their target price on shares of Intuit from $750.00 to $760.00 and gave the stock an “overweight” rating in a report on Friday. Mizuho lifted their price objective on Intuit from $670.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Susquehanna lowered their target price on Intuit from $775.00 to $757.00 and set a “positive” rating on the stock in a research note on Friday. Jefferies Financial Group lifted their price target on Intuit from $760.00 to $770.00 and gave the company a “buy” rating in a research report on Friday. Finally, Bank of America lowered their price objective on Intuit from $760.00 to $730.00 and set a “buy” rating on the stock in a research report on Friday. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $679.41.

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Intuit Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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