Intuit Inc. (NASDAQ:INTU) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC trimmed its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 82.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326 shares of the software maker’s stock after selling 1,582 shares during the period. Kesler Norman & Wride LLC’s holdings in Intuit were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. May Hill Capital LLC purchased a new stake in shares of Intuit in the fourth quarter worth about $253,000. Geode Capital Management LLC lifted its position in Intuit by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 6,111,097 shares of the software maker’s stock worth $3,833,720,000 after acquiring an additional 132,384 shares in the last quarter. Family Legacy Inc. lifted its position in Intuit by 3.4% during the 4th 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 in the last quarter. Cannell & Spears LLC boosted its holdings in Intuit by 6.0% in the 4th quarter. Cannell & Spears LLC now owns 4,246 shares of the software maker’s stock worth $2,669,000 after acquiring an additional 239 shares during the period. Finally, AIA Group Ltd acquired a new stake in Intuit in the fourth quarter valued at approximately $845,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Intuit from $800.00 to $735.00 and set a “buy” rating for the company in a research note on Monday. BNP Paribas cut 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. Mizuho lifted their target price on Intuit from $750.00 to $765.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. BMO Capital Markets cut their price target on Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded Intuit from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $640.00 to $660.00 in a research note on Wednesday, March 5th. One investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $718.00.

Intuit Stock Up 1.2 %

Shares of Intuit stock opened at $620.91 on Thursday. The stock has a market capitalization of $173.58 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 2.85 and a beta of 1.27. 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 business’s 50 day simple moving average is $596.37 and its 200-day simple moving average is $621.71.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is presently 38.81%.

Insider Buying and Selling at Intuit

In related news, EVP Marianna Tessel sold 7,385 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $600.13, for a total value of $4,431,960.05. Following the sale, the executive vice president now directly owns 40,190 shares in the company, valued at $24,119,224.70. This trade represents a 15.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total value of $4,999,510.98. Following the transaction, the executive vice president now owns 21,882 shares of the company’s stock, valued at $13,401,849.72. This trade represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,334 shares of company stock worth $19,064,325. 2.68% of the stock is owned by insiders.

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.