Weil Company Inc. Grows Holdings in Intuit Inc. (NASDAQ:INTU)

Weil Company Inc. increased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,898 shares of the software maker’s stock after buying an additional 149 shares during the period. Intuit accounts for approximately 1.3% of Weil Company Inc.’s portfolio, making the stock its 22nd largest holding. Weil Company Inc.’s holdings in Intuit were worth $3,707,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Lake Street Advisors Group LLC grew its stake in shares of Intuit by 4.5% in the fourth quarter. Lake Street Advisors Group LLC now owns 5,033 shares of the software maker’s stock valued at $3,163,000 after buying an additional 216 shares in the last quarter. Kirtland Hills Capital Management LLC boosted its holdings in Intuit by 1.6% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 4,809 shares of the software maker’s stock valued at $3,023,000 after acquiring an additional 74 shares during the period. FFT Wealth Management LLC increased its stake in Intuit by 41.9% during the fourth quarter. FFT Wealth Management LLC now owns 1,787 shares of the software maker’s stock worth $1,123,000 after purchasing an additional 528 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Intuit by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,386,228 shares of the software maker’s stock worth $1,499,744,000 after purchasing an additional 88,487 shares in the last quarter. Finally, Brown Financial Advisors boosted its stake in shares of Intuit by 11.0% in the fourth quarter. Brown Financial Advisors now owns 1,820 shares of the software maker’s stock valued at $1,144,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Down 2.0 %

NASDAQ:INTU opened at $555.63 on Wednesday. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78. 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 stock’s 50 day simple moving average is $607.70 and its 200-day simple moving average is $627.55. The firm has a market cap of $155.53 billion, a P/E ratio of 53.94, a PEG ratio of 2.85 and a beta of 1.24.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Jefferies Financial Group upped their price target on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Oppenheimer upped their target price on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Barclays cut their price target on shares of Intuit from $800.00 to $775.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Morgan Stanley upped their price objective on shares of Intuit from $685.00 to $730.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Finally, BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price objective on the stock. in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average price target of $726.71.

Insider Activity at Intuit

In related news, EVP Laura A. Fennell sold 7,700 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total value of $5,063,828.00. Following the completion of the sale, the executive vice president now owns 33,916 shares in the company, valued at $22,304,518.24. This trade represents a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Cook sold 73,655 shares of Intuit stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total value of $48,976,155.70. Following the completion of the sale, the insider now directly owns 6,301,286 shares in the company, valued at $4,189,977,112.84. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,014 shares of company stock worth $140,855,687 in the last three months. Insiders own 2.68% of the company’s stock.

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.