BDF Gestion Sells 1,260 Shares of Intuit Inc. (NASDAQ:INTU)

BDF Gestion cut its stake in Intuit Inc. (NASDAQ:INTU) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,689 shares of the software maker’s stock after selling 1,260 shares during the quarter. BDF Gestion’s holdings in Intuit were worth $6,090,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strategic Planning Group LLC boosted its stake in shares of Intuit by 3.5% in the 4th quarter. Strategic Planning Group LLC now owns 6,485 shares of the software maker’s stock worth $4,076,000 after buying an additional 219 shares during the last quarter. Orrstown Financial Services Inc. grew its stake in Intuit by 9.3% in the 4th quarter. Orrstown Financial Services Inc. now owns 469 shares of the software maker’s stock valued at $295,000 after purchasing an additional 40 shares during the period. Strategic Blueprint LLC increased its position in shares of Intuit by 3.6% during the 4th quarter. Strategic Blueprint LLC now owns 1,209 shares of the software maker’s stock valued at $760,000 after purchasing an additional 42 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Intuit by 10.2% during the 4th quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker’s stock worth $13,906,000 after purchasing an additional 2,055 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Intuit in the 4th quarter worth about $25,000. Institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INTU shares. Barclays decreased their price objective on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Morgan Stanley lifted their price target on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a research note on Wednesday, January 15th. Finally, StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $726.53.

Intuit Stock Performance

Intuit stock opened at $592.99 on Thursday. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $165.99 billion, a P/E ratio of 57.57, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25. The firm’s fifty day moving average price is $634.37 and its 200-day moving average price is $634.55.

Intuit (NASDAQ:INTU) last issued 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. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, equities research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 75,000 shares of the business’s 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 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 completion of the transaction, the chief financial officer now owns 1,944 shares in the company, valued at $1,221,804. This 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 worth $188,992,187. 2.68% of the stock is currently owned by insiders.

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.