Intuit Inc. (NASDAQ:INTU) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 82.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 326 shares of the software maker’s stock after selling 1,582 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Intuit were worth $205,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTU. R Squared Ltd bought a new stake in Intuit in the fourth quarter worth about $25,000. NewSquare Capital LLC grew its stake in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit in the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Intuit during the fourth quarter valued at approximately $28,000. Institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INTU. Piper Sandler reaffirmed an “overweight” rating and set a $785.00 target price (up from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. BMO Capital Markets cut their price target on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. BNP Paribas cut 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. Finally, Redburn Atlantic assumed coverage on Intuit in a report on Wednesday, February 19th. They set a “neutral” rating on the stock. One 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $718.00.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the transaction, the executive vice president now directly owns 21,882 shares in the company, valued at approximately $13,401,849.72. This represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,334 shares of company stock valued at $19,064,325. Insiders own 2.68% of the company’s stock.

Intuit Stock Up 1.2 %

Intuit stock opened at $620.91 on Thursday. The company has a market capitalization of $173.58 billion, a P/E ratio of 60.28, a P/E/G ratio of 2.85 and a beta of 1.27. Intuit Inc. has a 1-year low of $553.24 and a 1-year high of $714.78. The firm’s fifty day simple moving average is $596.37 and its 200-day simple moving average is $621.71. 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.67%. Intuit’s dividend payout ratio (DPR) is presently 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.