Intuit Inc. (NASDAQ:INTU) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 19.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,868 shares of the software maker’s stock after selling 1,394 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Intuit were worth $3,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in Intuit by 2.0% during the 4th quarter. Stifel Financial Corp now owns 412,634 shares of the software maker’s stock worth $259,368,000 after buying an additional 8,089 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Intuit by 165.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 25,835 shares of the software maker’s stock worth $16,237,000 after acquiring an additional 16,119 shares during the last quarter. Trajan Wealth LLC increased its holdings in shares of Intuit by 12.3% in the 4th quarter. Trajan Wealth LLC now owns 28,653 shares of the software maker’s stock worth $18,008,000 after acquiring an additional 3,139 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Intuit by 0.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 44,504 shares of the software maker’s stock valued at $27,971,000 after purchasing an additional 345 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Intuit by 1.9% during the 4th quarter. MML Investors Services LLC now owns 32,255 shares of the software maker’s stock valued at $20,272,000 after purchasing an additional 596 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the transaction, the director now owns 8 shares of the company’s stock, valued at $4,800. The trade was a 99.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the transaction, the executive vice president now owns 21,882 shares in the company, valued at $13,401,849.72. The trade was a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,696 shares of company stock valued at $14,347,731. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU opened at $583.56 on Wednesday. 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 market cap of $163.14 billion, a price-to-earnings ratio of 56.66, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $714.78. The company’s fifty day moving average is $591.87 and its 200-day moving average is $616.12.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Thursday, April 10th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, April 10th. Intuit’s dividend payout ratio is 38.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTU shares. Scotiabank raised Intuit from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $600.00 to $700.00 in a report on Thursday, April 17th. BMO Capital Markets reduced their price target on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Oppenheimer cut their price objective on shares of Intuit from $722.00 to $642.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. BNP Paribas lowered shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target for the company. in a research note on Wednesday, January 15th. Finally, Morgan Stanley decreased their price target on Intuit from $730.00 to $720.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average price target of $718.56.

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.