M. Kulyk & Associates LLC Sells 588 Shares of Intuit Inc. (NASDAQ:INTU)

M. Kulyk & Associates LLC lowered its stake in shares of Intuit Inc. (NASDAQ:INTU) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,349 shares of the software maker’s stock after selling 588 shares during the quarter. Intuit makes up approximately 1.3% of M. Kulyk & Associates LLC’s portfolio, making the stock its 28th largest holding. M. Kulyk & Associates LLC’s holdings in Intuit were worth $5,876,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Intuit by 83.2% during the fourth quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker’s stock valued at $371,984,000 after buying an additional 268,060 shares during the period. Whalen Wealth Management Inc. bought a new position in Intuit during the fourth quarter valued at about $621,000. Retireful LLC bought a new position in Intuit during the third quarter valued at about $740,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Intuit during the third quarter valued at about $56,144,000. Finally, Howe & Rusling Inc. grew its position in Intuit by 8.0% during the third quarter. Howe & Rusling Inc. now owns 10,857 shares of the software maker’s stock valued at $6,742,000 after buying an additional 808 shares during the period. Institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on INTU shares. Jefferies Financial Group upped their price objective on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Morgan Stanley raised shares of Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective on the stock in a report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Oppenheimer upped their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $760.00 price objective on shares of Intuit in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average price target of $721.61.

Insider Buying and Selling at Intuit

In related news, EVP Alex G. Balazs sold 23,810 shares of Intuit stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the sale, the executive vice president now owns 489 shares in the company, valued at $325,664.22. The trade was a 97.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Laura A. Fennell sold 7,700 shares of Intuit stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the completion of the sale, the executive vice president now owns 33,916 shares in the company, valued at approximately $22,304,518.24. This trade represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 220,811 shares of company stock worth $142,391,012 over the last ninety days. Insiders own 2.68% of the company’s stock.

Intuit Stock Up 0.5 %

Shares of NASDAQ INTU opened at $609.61 on Friday. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50 day simple moving average is $602.28 and its two-hundred day simple moving average is $625.44. The stock has a market capitalization of $170.42 billion, a P/E ratio of 59.19, a PEG ratio of 2.85 and a beta of 1.27.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s payout ratio is currently 38.81%.

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.