Cromwell Holdings LLC Acquires 55 Shares of Intuit Inc. (NASDAQ:INTU)

Cromwell Holdings LLC increased its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 878 shares of the software maker’s stock after buying an additional 55 shares during the quarter. Cromwell Holdings LLC’s holdings in Intuit were worth $552,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Intuit in the fourth quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in Intuit during the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit in the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new stake in Intuit in the fourth quarter valued at approximately $29,000. Finally, Denver PWM LLC bought a new stake in shares of Intuit during the third quarter worth $32,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Down 0.5 %

Shares of INTU stock opened at $579.08 on Friday. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78. The company has a 50-day simple moving average of $614.05 and a two-hundred day simple moving average of $628.50. The company has a market capitalization of $162.10 billion, a price-to-earnings ratio of 56.22, a PEG ratio of 2.86 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit (NASDAQ:INTU) last announced its quarterly 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 company had revenue of $3.28 billion for 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%. Intuit’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Insider Activity at Intuit

In other news, CEO Sasan K. Goodarzi sold 26,562 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 37,869 shares in the company, valued at approximately $23,701,828.41. This represents a 41.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 293,014 shares of company stock worth $188,992,187. 2.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stifel Nicolaus dropped their target price on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. BNP Paribas cut shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target for the company. in a research report on Wednesday, January 15th. Piper Sandler reiterated an “overweight” rating and set a $765.00 price target on shares of Intuit in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $726.53.

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.