Brown Financial Advisors Acquires 181 Shares of Intuit Inc. (NASDAQ:INTU)

Brown Financial Advisors lifted its stake in shares of Intuit Inc. (NASDAQ:INTU) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,820 shares of the software maker’s stock after purchasing an additional 181 shares during the period. Brown Financial Advisors’ holdings in Intuit were worth $1,144,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP boosted its position in shares of Intuit by 99.6% during the third quarter. Holocene Advisors LP now owns 625,583 shares of the software maker’s stock worth $388,487,000 after purchasing an additional 312,212 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Intuit by 83.2% during the fourth quarter. Nordea Investment Management AB now owns 590,085 shares of the software maker’s stock worth $371,984,000 after buying an additional 268,060 shares during the period. State Street Corp grew its stake in shares of Intuit by 1.8% during the 3rd quarter. State Street Corp now owns 12,317,086 shares of the software maker’s stock worth $7,648,910,000 after acquiring an additional 221,885 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Intuit in the fourth quarter valued at $104,278,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Intuit by 85.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 358,834 shares of the software maker’s stock valued at $222,836,000 after acquiring an additional 165,805 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Activity

In other Intuit news, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $664.94, for a total transaction of $48,976,155.70. Following the sale, the insider now directly owns 6,301,286 shares of the company’s stock, valued at approximately $4,189,977,112.84. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,014 shares of company stock valued at $140,855,687 in the last ninety days. 2.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INTU shares. Oppenheimer increased their price target on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective for the company. in a research report on Wednesday, January 15th. Stifel Nicolaus decreased their target price on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Scotiabank started coverage on shares of Intuit in a report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price objective for the company. Finally, Morgan Stanley upped 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $726.71.

Intuit Stock Performance

Shares of INTU opened at $567.24 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $610.15 and its two-hundred day simple moving average is $628.07. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. The stock has a market capitalization of $158.78 billion, a P/E ratio of 55.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

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.