Intuit Inc. (NASDAQ:INTU) Shares Sold by D Orazio & Associates Inc.

D Orazio & Associates Inc. lessened its position in shares of Intuit Inc. (NASDAQ:INTU) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 517 shares of the software maker’s stock after selling 19 shares during the quarter. D Orazio & Associates Inc.’s holdings in Intuit were worth $325,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Intuit in the 4th quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Intuit in the 3rd quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Intuit in the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Intuit during the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of Intuit during the fourth quarter worth $29,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 1.9 %

Shares of INTU opened at $578.85 on Friday. The stock has a 50 day moving average price of $627.45 and a 200 day moving average price of $632.08. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. 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 capitalization of $162.03 billion, a price-to-earnings ratio of 56.20, a PEG ratio of 2.91 and a beta of 1.24.

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

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio is currently 40.39%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on INTU. Scotiabank assumed coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays lowered their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. StockNews.com raised shares of Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $726.53.

Insider Activity

In related news, insider Scott D. Cook sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $641.82, for a total value of $48,136,500.00. Following the transaction, the insider now directly owns 6,378,105 shares in the company, valued at approximately $4,093,595,351.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sasan K. Goodarzi sold 26,562 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $625.89, for a total value of $16,624,890.18. Following the sale, the chief executive officer now directly owns 37,869 shares of the company’s stock, valued at approximately $23,701,828.41. This trade represents a 41.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock worth $188,992,187 over the last ninety days. 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.