Stanley Laman Group Ltd. Sells 39 Shares of Intuit Inc. (NASDAQ:INTU)

Stanley Laman Group Ltd. trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,440 shares of the software maker’s stock after selling 39 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Intuit were worth $905,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in Intuit during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in Intuit in the 3rd quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Intuit during the 4th quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Intuit during the 4th quarter worth approximately $29,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Price Performance

Shares of INTU opened at $583.90 on Friday. The business has a 50-day moving average of $622.69 and a 200-day moving average of $630.67. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a market capitalization of $163.45 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 2.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business earned $1.14 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, January 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.71%. Intuit’s payout ratio is currently 40.39%.

Analyst Ratings Changes

INTU has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research note 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 report on Wednesday, January 15th. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays reduced their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $765.00 price objective on shares of Intuit in a research report on Friday, January 10th. One research 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $726.53.

Insider Transactions at Intuit

In other Intuit news, 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 value of $48,136,500.00. Following the completion of the sale, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the sale, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at approximately $1,221,804. This trade represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 293,014 shares of company stock valued at $188,992,187. Corporate insiders own 2.68% of the company’s stock.

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.