YHB Investment Advisors Inc. Trims Stock Holdings in Intuit Inc. (NASDAQ:INTU)

YHB Investment Advisors Inc. lessened its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,251 shares of the software maker’s stock after selling 141 shares during the period. Intuit accounts for approximately 1.0% of YHB Investment Advisors Inc.’s holdings, making the stock its 22nd biggest position. YHB Investment Advisors Inc.’s holdings in Intuit were worth $12,728,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Intuit by 37.3% during the second quarter. AQR Capital Management LLC now owns 50,487 shares of the software maker’s stock valued at $32,954,000 after buying an additional 13,721 shares during the last quarter. Creative Planning lifted its position in Intuit by 0.6% in the 2nd quarter. Creative Planning now owns 50,716 shares of the software maker’s stock valued at $33,331,000 after acquiring an additional 317 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Intuit by 19.5% during the 2nd quarter. NewEdge Advisors LLC now owns 21,979 shares of the software maker’s stock valued at $14,445,000 after purchasing an additional 3,583 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Intuit by 7.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,343 shares of the software maker’s stock worth $11,396,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Intuit in the second quarter worth $49,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the completion of the sale, the insider now owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Laura A. Fennell sold 4,788 shares of Intuit 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 directly owns 30,010 shares in the company, valued at approximately $18,414,736.20. The trade was a 13.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock worth $188,992,187 in the last ninety days. 2.68% of the stock is owned by company insiders.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $606.62 on Tuesday. Intuit Inc. has a 52 week low of $557.29 and a 52 week high of $714.78. The stock has a market capitalization of $169.81 billion, a P/E ratio of 58.90, a PEG ratio of 3.01 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $636.69 and a two-hundred day simple moving average of $635.00.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were paid a $1.04 dividend. The ex-dividend date was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.69%. Intuit’s dividend payout ratio (DPR) is currently 40.39%.

Analysts Set New Price Targets

INTU has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $765.00 price objective on shares of Intuit in a research report on Friday, January 10th. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their price target on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $726.53.

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.