Motco Sells 127 Shares of Intuit Inc. (NASDAQ:INTU)

Motco trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,773 shares of the software maker’s stock after selling 127 shares during the quarter. Motco’s holdings in Intuit were worth $9,913,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Intuit during the 4th quarter valued at $25,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit during the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Intuit during the 4th quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of Intuit during the 4th quarter valued at $29,000. Finally, Denver PWM LLC bought a new stake in shares of Intuit during the 3rd quarter valued at $32,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on Intuit in a report on Wednesday, February 19th. They set a “neutral” rating for the company. Stifel Nicolaus lowered their price target on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Citigroup lowered their price target on Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday. Barclays lowered their price target on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, BNP Paribas cut Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target for the company. in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $717.88.

Intuit Trading Down 4.0 %

NASDAQ INTU opened at $600.42 on Friday. The business’s 50-day moving average price is $606.49 and its two-hundred day moving average price is $627.35. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The firm has a market capitalization of $168.07 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. Intuit’s payout ratio is 38.81%.

Insider Activity at Intuit

In related news, EVP Mark P. Notarainni sold 3,649 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the sale, the executive vice president now owns 19 shares in the company, valued at $12,286.92. This represents a 99.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laura A. Fennell sold 7,700 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total value of $5,063,828.00. Following the sale, the executive vice president now owns 33,916 shares in the company, valued at approximately $22,304,518.24. The trade was a 18.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,014 shares of company stock worth $140,855,687 in the last 90 days. 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.