Claret Asset Management Corp Sells 38 Shares of Intuit Inc. (NASDAQ:INTU)

Claret Asset Management Corp cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 376 shares of the software maker’s stock after selling 38 shares during the quarter. Claret Asset Management Corp’s holdings in Intuit were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Intuit by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 569,987 shares of the software maker’s stock worth $358,245,000 after purchasing an additional 14,842 shares during the period. Forum Financial Management LP raised its stake in shares of Intuit by 29.6% during the 4th quarter. Forum Financial Management LP now owns 1,450 shares of the software maker’s stock valued at $911,000 after purchasing an additional 331 shares during the period. Freedom Investment Management Inc. lifted its holdings in shares of Intuit by 2.5% during the 4th quarter. Freedom Investment Management Inc. now owns 3,004 shares of the software maker’s stock worth $1,888,000 after acquiring an additional 73 shares during the last quarter. GeoWealth Management LLC raised its position in Intuit by 5.6% during the fourth quarter. GeoWealth Management LLC now owns 3,390 shares of the software maker’s stock valued at $2,131,000 after purchasing an additional 180 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Intuit by 0.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 240,652 shares of the software maker’s stock worth $151,175,000 after purchasing an additional 675 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Intuit Trading Down 0.5 %

Shares of INTU stock opened at $585.38 on Friday. The stock has a market capitalization of $163.65 billion, a P/E ratio of 56.83, a P/E/G ratio of 2.85 and a beta of 1.25. 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 firm’s 50 day moving average is $592.03 and its 200 day moving average is $616.49. Intuit Inc. has a 12-month low of $532.65 and a 12-month high of $714.78.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Thursday, April 10th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is presently 38.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INTU shares. StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Jefferies Financial Group cut their target price 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. Redburn Atlantic assumed coverage on shares of Intuit in a report on Wednesday, February 19th. They issued a “neutral” rating on the stock. Piper Sandler restated an “overweight” rating and set a $785.00 target price (up previously from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Finally, Morgan Stanley lowered their price objective on shares of Intuit from $730.00 to $720.00 and set an “overweight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $718.56.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the transaction, the insider now directly owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction 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 $13,401,849.72. This represents a 27.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,696 shares of company stock valued at $14,347,731. 2.68% of the stock is owned by company 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.