Intuit Inc. (NASDAQ:INTU) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Intuit Inc. (NASDAQ:INTU) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 35,423 shares of the software maker’s stock after selling 2,129 shares during the period. Yousif Capital Management LLC’s holdings in Intuit were worth $22,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Intuit during the 4th quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Intuit during the 3rd quarter valued at $27,000. Heck Capital Advisors LLC acquired a new position in shares of Intuit during the 4th quarter valued at $28,000. Sugar Maple Asset Management LLC acquired a new position in shares of Intuit during the 4th quarter valued at $29,000. Finally, Denver PWM LLC purchased a new stake in Intuit during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 1.5 %

Intuit stock opened at $591.72 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 50-day moving average price of $630.27 and a two-hundred day moving average price of $633.00. The firm has a market capitalization of $165.63 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 2.96 and a beta of 1.25. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 17.59% and a return on equity of 18.25%. Intuit’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. Sell-side analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, January 10th. Intuit’s dividend payout ratio is currently 40.39%.

Insider Transactions at Intuit

In related news, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $641.82, for a total value of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares in the company, valued at $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $665.98, for a total transaction 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. The trade was a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 293,014 shares of company stock valued at $188,992,187. Company insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on INTU shares. Scotiabank started coverage on shares of Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. Oppenheimer lifted their price target on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Stifel Nicolaus dropped their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Piper Sandler reissued an “overweight” rating and issued a $765.00 target price on shares of Intuit in a research report on Friday, January 10th. Finally, Morgan Stanley boosted their target price on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $726.53.

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.