Oxbow Advisors LLC Sells 65 Shares of Intuit Inc. (NASDAQ:INTU)

Oxbow Advisors LLC reduced its holdings in Intuit Inc. (NASDAQ:INTU) by 12.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 455 shares of the software maker’s stock after selling 65 shares during the quarter. Oxbow Advisors LLC’s holdings in Intuit were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Intuit in the 4th quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in shares of Intuit in the 4th quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Intuit in the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new position in shares of Intuit in the 4th quarter worth about $29,000. Finally, Denver PWM LLC purchased a new position in shares of Intuit in the 3rd quarter worth about $32,000. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In related news, EVP Alex G. Balazs sold 23,810 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the transaction, the executive vice president now owns 489 shares of the company’s stock, valued at $325,664.22. This trade represents a 97.99 % 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 4,788 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total value of $2,938,012.56. Following the transaction, the executive vice president now directly owns 30,010 shares of the company’s stock, valued at approximately $18,414,736.20. This trade represents a 13.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 293,014 shares of company stock valued at $188,992,187. Corporate insiders own 2.68% of the company’s stock.

Intuit Stock Down 2.4 %

Shares of NASDAQ:INTU opened at $565.47 on Friday. Intuit Inc. has a 52-week low of $557.29 and a 52-week high of $714.78. The firm has a market capitalization of $158.28 billion, a P/E ratio of 54.90, a P/E/G ratio of 2.85 and a beta of 1.24. The stock has a 50 day moving average price of $612.23 and a 200-day moving average price of $628.35. 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 earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.14 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus cut their price objective on Intuit from $795.00 to $725.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Redburn Atlantic assumed coverage on Intuit in a report on Wednesday. They set a “neutral” rating for the company. JPMorgan Chase & Co. increased their target price on Intuit from $600.00 to $640.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Barclays dropped their target price on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, Oppenheimer increased their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.