Signaturefd LLC Sells 332 Shares of Intuit Inc. (NASDAQ:INTU)

Signaturefd LLC lessened its stake in Intuit Inc. (NASDAQ:INTU) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,608 shares of the software maker’s stock after selling 332 shares during the quarter. Signaturefd LLC’s holdings in Intuit were worth $3,525,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mizuho Securities USA LLC grew its stake in shares of Intuit by 6.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 23,001 shares of the software maker’s stock worth $14,284,000 after acquiring an additional 1,414 shares in the last quarter. Schear Investment Advisers LLC increased its stake in Intuit by 6.1% in the 3rd quarter. Schear Investment Advisers LLC now owns 1,766 shares of the software maker’s stock valued at $1,097,000 after buying an additional 102 shares during the last quarter. Sather Financial Group Inc lifted its position in shares of Intuit by 0.7% during the 3rd quarter. Sather Financial Group Inc now owns 71,623 shares of the software maker’s stock worth $44,478,000 after buying an additional 508 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Intuit in the 3rd quarter worth approximately $396,000. Finally, Concord Asset Management LLC VA grew its holdings in shares of Intuit by 12.3% in the third quarter. Concord Asset Management LLC VA now owns 1,383 shares of the software maker’s stock valued at $859,000 after acquiring an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

INTU has been the topic of several research analyst reports. Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price objective on the stock in a research report on Wednesday, February 26th. Oppenheimer raised their price objective on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Piper Sandler reissued an “overweight” rating and set a $785.00 target price (up from $765.00) on shares of Intuit in a research report on Wednesday, February 26th. Mizuho lifted their price target on shares of Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a report on Monday, March 3rd. Finally, BMO Capital Markets reduced their price objective on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $721.61.

Intuit Price Performance

INTU stock opened at $598.80 on Monday. The firm has a 50 day simple moving average of $598.23 and a two-hundred day simple moving average of $623.66. 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 stock has a market cap of $167.40 billion, a PE ratio of 58.14, a P/E/G ratio of 2.85 and a beta of 1.27. Intuit Inc. has a one year low of $553.24 and a one year high of $714.78.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. Intuit’s payout ratio is 38.81%.

Insiders Place Their Bets

In other news, insider Scott D. Cook sold 73,655 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the completion of the sale, the insider now owns 6,301,286 shares of the company’s stock, valued at approximately $4,189,977,112.84. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Laura A. Fennell sold 4,788 shares of Intuit stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the completion of the transaction, the executive vice president now owns 30,010 shares in the company, valued at approximately $18,414,736.20. The trade was a 13.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,301 shares of company stock valued at $121,470,200 over the last 90 days. Insiders own 2.68% of the company’s stock.

Intuit Company 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.