SRN Advisors LLC Purchases 155 Shares of Intuit Inc. (NASDAQ:INTU)

SRN Advisors LLC boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,547 shares of the software maker’s stock after acquiring an additional 155 shares during the period. SRN Advisors LLC’s holdings in Intuit were worth $972,000 as of its most recent SEC filing.

Other hedge funds and other institutional 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 $25,000. Heck Capital Advisors LLC bought a new stake in Intuit during the fourth quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Intuit during the fourth quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new position in Intuit in the 4th quarter worth about $29,000. Finally, Denver PWM LLC purchased a new stake in shares of Intuit in the 3rd quarter valued at about $32,000. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 75,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total value of $47,257,500.00. Following the completion of the sale, the chief executive officer now owns 35,776 shares in the company, valued at approximately $22,542,457.60. This trade represents a 67.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott D. Cook sold 73,655 shares of the business’s 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 transaction, the insider now directly owns 6,301,286 shares in the company, valued at $4,189,977,112.84. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 218,014 shares of company stock worth $140,855,687. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Up 12.6 %

Shares of NASDAQ INTU opened at $625.51 on Thursday. The company has a market cap of $175.09 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 2.85 and a beta of 1.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $607.22 and its 200 day moving average is $627.53. Intuit Inc. has a 52 week low of $553.24 and a 52 week high of $714.78.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on INTU shares. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. 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 note on Wednesday, January 15th. Oppenheimer raised their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research report on Friday, November 22nd. Finally, Jefferies Financial Group raised their price target on Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $723.76.

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.