Intuit Inc. (NASDAQ:INTU) Shares Sold by Tradewinds LLC.

Tradewinds LLC. decreased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 838 shares of the software maker’s stock after selling 27 shares during the period. Tradewinds LLC.’s holdings in Intuit were worth $495,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Family Legacy Inc. grew its holdings in Intuit by 3.4% during the fourth quarter. Family Legacy Inc. now owns 2,460 shares of the software maker’s stock worth $1,540,000 after acquiring an additional 80 shares during the period. Cannell & Spears LLC grew its stake in shares of Intuit by 6.0% during the 4th quarter. Cannell & Spears LLC now owns 4,246 shares of the software maker’s stock worth $2,669,000 after purchasing an additional 239 shares during the period. AIA Group Ltd purchased a new position in shares of Intuit in the 4th quarter valued at about $845,000. Wellington Management Group LLP increased its holdings in shares of Intuit by 13.3% in the 4th quarter. Wellington Management Group LLP now owns 5,296,921 shares of the software maker’s stock valued at $3,329,115,000 after purchasing an additional 620,559 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Intuit by 3.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 33,110 shares of the software maker’s stock worth $20,810,000 after buying an additional 1,000 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTU. Redburn Atlantic initiated coverage on shares of Intuit in a research report on Wednesday, February 19th. They set a “neutral” rating for the company. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a research report on Wednesday, January 15th. Scotiabank dropped their price target on Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. BMO Capital Markets decreased their price objective on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Intuit from a “neutral” rating to an “overweight” rating and raised their target price for the company from $640.00 to $660.00 in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $718.00.

Insider Transactions at Intuit

In other Intuit news, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the transaction, the insider now owns 6,219,900 shares in the company, valued at $3,758,436,774. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total value of $16,624,890.18. Following the completion of the sale, the chief executive officer now directly owns 37,869 shares of the company’s stock, valued at $23,701,828.41. The trade was a 41.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,896 shares of company stock worth $35,689,216. 2.68% of the stock is currently owned by company insiders.

Intuit Trading Up 2.5 %

Shares of INTU opened at $613.99 on Tuesday. The stock’s fifty day simple moving average is $596.09 and its 200 day simple moving average is $622.00. Intuit Inc. has a twelve month low of $553.24 and a twelve month high of $714.78. 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 has a market capitalization of $171.65 billion, a P/E ratio of 59.61, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

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.