Intuit Inc. (NASDAQ:INTU) Stock Position Decreased by UMB Bank n.a.

UMB Bank n.a. cut its stake in shares of Intuit Inc. (NASDAQ:INTU) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,677 shares of the software maker’s stock after selling 20,846 shares during the quarter. UMB Bank n.a.’s holdings in Intuit were worth $27,451,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Intech Investment Management LLC boosted its position in shares of Intuit by 9.3% in the second quarter. Intech Investment Management LLC now owns 5,030 shares of the software maker’s stock worth $3,306,000 after buying an additional 429 shares during the period. AE Wealth Management LLC boosted its position in shares of Intuit by 57.0% in the second quarter. AE Wealth Management LLC now owns 8,726 shares of the software maker’s stock worth $5,735,000 after buying an additional 3,169 shares during the period. Pacer Advisors Inc. boosted its position in shares of Intuit by 12.8% in the second quarter. Pacer Advisors Inc. now owns 41,621 shares of the software maker’s stock worth $27,354,000 after buying an additional 4,730 shares during the period. Thrivent Financial for Lutherans boosted its position in Intuit by 1.3% during the second quarter. Thrivent Financial for Lutherans now owns 14,345 shares of the software maker’s stock valued at $9,427,000 after purchasing an additional 186 shares during the last quarter. Finally, Kowal Investment Group LLC acquired a new stake in Intuit during the second quarter valued at $248,000. 83.66% of the stock is owned by institutional investors.

Intuit Trading Down 0.5 %

Intuit stock opened at $604.13 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 business’s 50-day simple moving average is $646.09 and its 200-day simple moving average is $636.93. The firm has a market capitalization of $169.11 billion, a PE ratio of 58.65, a PEG ratio of 3.07 and a beta of 1.25. Intuit Inc. has a 52 week low of $557.29 and a 52 week high of $714.78.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Wall Street Analysts Forecast Growth

INTU has been the subject of a number of research reports. Scotiabank initiated coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer lifted their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. BNP Paribas cut 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. Finally, Stifel Nicolaus reduced their price objective on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the sale, the insider now directly owns 6,378,105 shares of the company’s stock, valued at approximately $4,093,595,351.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now directly owns 1,864 shares in the company, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock valued at $188,992,187 over the last three months. 2.68% of the stock is owned by corporate 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.