Intuit Inc. (NASDAQ:INTU) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC cut its position in shares of Intuit Inc. (NASDAQ:INTU) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 64,501 shares of the software maker’s stock after selling 158 shares during the period. Intuit comprises 2.5% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Wilkinson Global Asset Management LLC’s holdings in Intuit were worth $40,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Intuit during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Intuit in the 3rd quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new stake in Intuit during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Intuit during the fourth quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Intuit in the fourth quarter worth approximately $29,000. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Down 1.3 %

Shares of NASDAQ:INTU opened at $579.94 on Wednesday. The firm has a fifty day moving average of $617.68 and a two-hundred day moving average of $629.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The firm has a market capitalization of $162.34 billion, a P/E ratio of 56.30, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts expect that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTU has been the subject of a number of recent research reports. BNP Paribas downgraded 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. Morgan Stanley upped their target price on Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Scotiabank started coverage on Intuit in a research report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price target for the company. StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $726.53.

Insider Activity

In other Intuit news, EVP Laura A. Fennell sold 7,700 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the transaction, the executive vice president now directly owns 33,916 shares of the company’s stock, valued at $22,304,518.24. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alex G. Balazs sold 23,810 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the transaction, the executive vice president now owns 489 shares in the company, valued at approximately $325,664.22. This trade represents a 97.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 293,014 shares of company stock worth $188,992,187 in the last three months. 2.68% of the stock is owned by insiders.

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.