Gotham Asset Management LLC Sells 2,536 Shares of Intuit Inc. (NASDAQ:INTU)

Gotham Asset Management LLC cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 66.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,263 shares of the software maker’s stock after selling 2,536 shares during the quarter. Gotham Asset Management LLC’s holdings in Intuit were worth $794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. True North Advisors LLC increased its holdings in Intuit by 4.3% during the 4th quarter. True North Advisors LLC now owns 409 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares during the period. Great Diamond Partners LLC grew its position in shares of Intuit by 2.8% during the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker’s stock worth $394,000 after buying an additional 17 shares in the last quarter. Drive Wealth Management LLC grew its position in shares of Intuit by 2.4% during the 4th quarter. Drive Wealth Management LLC now owns 760 shares of the software maker’s stock worth $478,000 after buying an additional 18 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after buying an additional 18 shares during the period. Finally, Ethos Financial Group LLC raised its holdings in shares of Intuit by 3.7% in the fourth quarter. Ethos Financial Group LLC now owns 508 shares of the software maker’s stock valued at $319,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 1.4%

Intuit stock opened at $670.28 on Monday. 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 cap of $187.38 billion, a PE ratio of 65.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The stock has a 50-day moving average of $608.44 and a two-hundred day moving average of $619.21. Intuit Inc. has a one year low of $532.65 and a one year high of $714.78.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, April 10th. Intuit’s payout ratio is currently 38.81%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Hsbc Global Res upgraded shares of Intuit from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Oppenheimer lowered their price target on shares of Intuit from $722.00 to $642.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Jefferies Financial Group cut their price objective on shares of Intuit from $800.00 to $735.00 and set a “buy” rating on the stock in a report on Monday, March 31st. BMO Capital Markets reduced their price objective on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Redburn Atlantic initiated coverage on Intuit in a research report on Wednesday, February 19th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $720.16.

Insider Buying and Selling

In other Intuit news, EVP Laura A. Fennell sold 8,163 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 21,882 shares of the company’s stock, valued at approximately $13,401,849.72. This trade represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock worth $14,347,731 in the last three months. Corporate insiders own 2.68% of the company’s stock.

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.