Kintegral Advisory LLC Has $7.25 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Kintegral Advisory LLC decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,536 shares of the software maker’s stock after selling 537 shares during the period. Kintegral Advisory LLC’s holdings in Intuit were worth $7,250,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Foundations Investment Advisors LLC grew its position in shares of Intuit by 8.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 402 shares of the software maker’s stock worth $250,000 after buying an additional 30 shares during the period. McAdam LLC bought a new position in Intuit during the third quarter worth $205,000. International Assets Investment Management LLC grew its holdings in Intuit by 68,404.7% in 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 during the period. Assenagon Asset Management S.A. increased its stake in Intuit by 72.2% in the third quarter. Assenagon Asset Management S.A. now owns 102,516 shares of the software maker’s stock valued at $63,662,000 after purchasing an additional 42,975 shares in the last quarter. Finally, Mcdaniel Terry & Co. raised its holdings in shares of Intuit by 1.2% during the third quarter. Mcdaniel Terry & Co. now owns 40,297 shares of the software maker’s stock valued at $25,025,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on INTU shares. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group upped their target price on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Oppenheimer lifted their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Redburn Atlantic started coverage on shares of Intuit in a research note on Wednesday. They set a “neutral” rating for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 price objective on shares of Intuit in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average price target of $726.53.

Intuit Stock Down 2.4 %

Shares of NASDAQ:INTU opened at $565.47 on Friday. The company has a market capitalization of $158.29 billion, a PE ratio of 54.90, a price-to-earnings-growth ratio of 2.87 and a beta of 1.24. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $612.23 and a two-hundred day moving average price of $628.24.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data 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 business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. Analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Activity

In related news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated 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 of the company’s stock, valued at approximately $4,093,595,351.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares in the company, valued at $325,664.22. This represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock valued at $188,992,187 in the last three months. Company 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.