EULAV Asset Management lessened its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 46.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,410 shares of the software maker’s stock after selling 24,000 shares during the quarter. EULAV Asset Management’s holdings in Intuit were worth $18,157,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in shares of Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Intuit during the 3rd quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC grew its position in shares of Intuit by 54.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after buying an additional 19 shares during the period. Steph & Co. grew its position in shares of Intuit by 346.2% during the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after buying an additional 45 shares during the period. Finally, High Point Wealth Management LLC acquired a new stake in shares of Intuit during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit Stock Performance
NASDAQ INTU opened at $296.76 on Friday. The company has a fifty day simple moving average of $377.58 and a 200 day simple moving average of $486.66. Intuit Inc. has a 12-month low of $293.67 and a 12-month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market cap of $81.18 billion, a P/E ratio of 17.97, a PEG ratio of 1.11 and a beta of 0.98.
Intuit Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.6%. Intuit’s dividend payout ratio (DPR) is presently 29.07%.
Key Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
- Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
- Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
- Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
- Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
- Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title
Insider Buying and Selling at Intuit
In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vasant M. Prabhu acquired 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This represents a 40.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.49% of the company’s stock.
Analysts Set New Price Targets
INTU has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Citigroup reduced their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Truist Financial reduced their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Argus reduced their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $514.58.
Read Our Latest Stock Analysis on Intuit
Intuit Profile
Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
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