Intuit Inc. (NASDAQ:INTU) Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,412 shares of the software maker’s stock after selling 145 shares during the quarter. Citizens National Bank Trust Department’s holdings in Intuit were worth $1,516,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in Intuit by 68,404.7% during the third quarter. International Assets Investment Management LLC now owns 484,328 shares of the software maker’s stock worth $300,768,000 after purchasing an additional 483,621 shares in the last quarter. Holocene Advisors LP raised its holdings in Intuit by 99.6% during the third quarter. Holocene Advisors LP now owns 625,583 shares of the software maker’s stock worth $388,487,000 after purchasing an additional 312,212 shares in the last quarter. Nordea Investment Management AB raised its holdings in Intuit by 83.2% during the fourth quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker’s stock worth $371,984,000 after purchasing an additional 268,060 shares in the last quarter. State Street Corp raised its holdings in Intuit by 1.8% during the third quarter. State Street Corp now owns 12,317,086 shares of the software maker’s stock worth $7,648,910,000 after purchasing an additional 221,885 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Intuit in the fourth quarter valued at about $104,278,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction 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 transaction, the insider now owns 6,378,105 shares in the company, valued at $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sasan K. Goodarzi sold 26,562 shares of Intuit stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $625.89, for a total transaction of $16,624,890.18. Following the completion of the transaction, the chief executive officer now owns 37,869 shares in the company, valued at approximately $23,701,828.41. This trade represents a 41.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock worth $188,992,187 in the last quarter. 2.68% of the stock is owned by insiders.

Intuit Stock Up 0.4 %

Shares of NASDAQ INTU opened at $582.19 on Thursday. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The firm’s 50 day moving average price is $615.92 and its 200 day moving average price is $628.85. The firm has a market cap of $162.97 billion, a P/E ratio of 56.52, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTU. JPMorgan Chase & Co. increased their target price on shares of Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 target price on shares of Intuit in a report on Friday, January 10th. Stifel Nicolaus dropped their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 target price on shares of Intuit in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Intuit has a consensus 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.