Venturi Wealth Management LLC Sells 180 Shares of Intuit Inc. (NASDAQ:INTU)

Venturi Wealth Management LLC reduced its position in shares of Intuit Inc. (NASDAQ:INTU) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,632 shares of the software maker’s stock after selling 180 shares during the quarter. Venturi Wealth Management LLC’s holdings in Intuit were worth $2,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its position in Intuit by 5.6% during the 3rd quarter. Creative Planning now owns 53,552 shares of the software maker’s stock valued at $33,256,000 after purchasing an additional 2,836 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Intuit by 3.5% in the third quarter. Stratos Wealth Partners LTD. now owns 8,977 shares of the software maker’s stock worth $5,575,000 after acquiring an additional 305 shares during the period. Capital Investment Advisors LLC raised its holdings in Intuit by 3.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 2,089 shares of the software maker’s stock worth $1,297,000 after purchasing an additional 69 shares in the last quarter. Resonant Capital Advisors LLC purchased a new stake in shares of Intuit in the 3rd quarter worth about $211,000. Finally, Vest Financial LLC boosted its stake in shares of Intuit by 105.5% during the 3rd quarter. Vest Financial LLC now owns 2,357 shares of the software maker’s stock valued at $1,464,000 after purchasing an additional 1,210 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Insider Activity at Intuit

In other Intuit news, EVP Alex G. Balazs sold 23,810 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 directly owns 489 shares of the company’s stock, valued at approximately $325,664.22. This represents a 97.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is owned by insiders.

Intuit Price Performance

INTU opened at $587.38 on Tuesday. The company’s 50-day simple moving average is $620.21 and its two-hundred day simple moving average is $629.84. 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 capitalization of $164.42 billion, a P/E ratio of 57.03, a P/E/G ratio of 2.91 and a beta of 1.24. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78.

Intuit (NASDAQ:INTU) last issued its 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 company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. As a group, analysts predict that Intuit Inc. will post 14.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on INTU shares. Jefferies Financial Group raised their price objective on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Morgan Stanley lifted their price target on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. Barclays decreased their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank started coverage on shares of Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target for the company. One equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $726.53.

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.