Intuit Inc. (NASDAQ:INTU) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lowered its position in Intuit Inc. (NASDAQ:INTU) by 5.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,055 shares of the software maker’s stock after selling 531 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Intuit were worth $5,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lionshead Wealth Management LLC acquired a new stake in Intuit in the fourth quarter valued at about $347,000. Janus Henderson Group PLC lifted its position in Intuit by 72.5% in the fourth quarter. Janus Henderson Group PLC now owns 1,073,103 shares of the software maker’s stock valued at $674,458,000 after purchasing an additional 451,039 shares during the period. Junto Capital Management LP lifted its position in Intuit by 203.6% in the fourth quarter. Junto Capital Management LP now owns 151,845 shares of the software maker’s stock valued at $95,435,000 after purchasing an additional 101,828 shares during the period. Gen Wealth Partners Inc lifted its position in Intuit by 29.5% in the fourth quarter. Gen Wealth Partners Inc now owns 1,235 shares of the software maker’s stock valued at $776,000 after purchasing an additional 281 shares during the period. Finally, Graham Capital Management L.P. lifted its position in Intuit by 15.0% in the fourth quarter. Graham Capital Management L.P. now owns 1,150 shares of the software maker’s stock valued at $723,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on INTU. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Citigroup dropped their target price on shares of Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Oppenheimer dropped their target price on shares of Intuit from $722.00 to $642.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Redburn Atlantic assumed coverage on shares of Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group dropped their target price on shares of Intuit from $800.00 to $735.00 and set a “buy” rating for the company in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $717.53.

Intuit Stock Down 0.3%

INTU stock opened at $653.88 on Monday. The stock has a market capitalization of $182.80 billion, a P/E ratio of 63.48, a PEG ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78. The company has a 50 day moving average price of $602.37 and a two-hundred day moving average price of $617.62.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Thursday, April 10th were paid a $1.04 dividend. The ex-dividend date was Thursday, April 10th. This represents a $4.16 annualized dividend and a yield of 0.64%. Intuit’s payout ratio is currently 38.81%.

Insiders Place Their Bets

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of Intuit stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $612.46, for a total value of $4,999,510.98. Following the completion of the sale, the executive vice president now directly owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. The trade was a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the sale, the director now directly owns 8 shares of the company’s stock, valued at $4,800. The trade was a 99.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,696 shares of company stock valued at $14,347,731. Company 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.