Investment House LLC Sells 5,912 Shares of Intuit Inc. (NASDAQ:INTU)

Investment House LLC lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,297 shares of the software maker’s stock after selling 5,912 shares during the period. Intuit accounts for approximately 3.0% of Investment House LLC’s holdings, making the stock its 8th biggest position. Investment House LLC’s holdings in Intuit were worth $54,238,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of INTU. Thrivent Financial for Lutherans grew its position in shares of Intuit by 2.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,733 shares of the software maker’s stock valued at $9,149,000 after buying an additional 388 shares during the last quarter. Quest Partners LLC grew its position in shares of Intuit by 203.7% during the 3rd quarter. Quest Partners LLC now owns 1,652 shares of the software maker’s stock valued at $1,026,000 after buying an additional 1,108 shares during the last quarter. OneAscent Wealth Management LLC bought a new position in Intuit in the 3rd quarter worth about $242,000. Pathstone Holdings LLC grew its position in Intuit by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 54,609 shares of the software maker’s stock worth $33,912,000 after purchasing an additional 330 shares during the last quarter. Finally, Caprock Group LLC grew its position in Intuit by 0.3% in the 3rd quarter. Caprock Group LLC now owns 7,066 shares of the software maker’s stock worth $4,388,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the transaction, the insider now owns 6,219,900 shares in the company, valued at $3,758,436,774. This represents a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at approximately $1,154,337.92. This trade represents a 36.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,646 shares of company stock worth $72,494,045. 2.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Redburn Atlantic assumed coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Mizuho upped their target price on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Barclays decreased their target price on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $721.61.

Intuit Stock Down 0.5 %

Intuit stock opened at $599.03 on Wednesday. The firm has a market cap of $167.47 billion, a PE ratio of 58.16, a P/E/G ratio of 2.85 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50 day moving average price is $597.44 and its two-hundred day moving average price is $623.29. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.69%. Intuit’s dividend payout ratio is presently 38.81%.

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.