Plimoth Trust Co. LLC Decreases Stake in Intuit Inc. (NASDAQ:INTU)

Plimoth Trust Co. LLC reduced its stake in Intuit Inc. (NASDAQ:INTU) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,170 shares of the software maker’s stock after selling 20 shares during the period. Plimoth Trust Co. LLC’s holdings in Intuit were worth $735,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Orrstown Financial Services Inc. increased its stake in Intuit by 9.3% in the 4th quarter. Orrstown Financial Services Inc. now owns 469 shares of the software maker’s stock worth $295,000 after purchasing an additional 40 shares during the period. Strategic Blueprint LLC grew its position in shares of Intuit by 3.6% in the 4th quarter. Strategic Blueprint LLC now owns 1,209 shares of the software maker’s stock worth $760,000 after buying an additional 42 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Intuit by 10.2% in the 4th quarter. Hantz Financial Services Inc. now owns 22,126 shares of the software maker’s stock worth $13,906,000 after buying an additional 2,055 shares during the last quarter. R Squared Ltd bought a new stake in shares of Intuit in the 4th quarter worth approximately $25,000. Finally, Mayflower Financial Advisors LLC grew its position in shares of Intuit by 29.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 476 shares of the software maker’s stock worth $299,000 after buying an additional 108 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

Intuit stock traded down $8.40 during midday trading on Wednesday, reaching $592.26. 169,946 shares of the stock traded hands, compared to its average volume of 1,656,947. The stock’s fifty day moving average is $634.37 and its 200-day moving average is $634.55. Intuit Inc. has a 12 month low of $557.29 and a 12 month high of $714.78. The stock has a market cap of $165.79 billion, a P/E ratio of 57.61, a PEG ratio of 3.01 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 9th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio (DPR) is presently 40.39%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on INTU shares. Barclays cut 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. Morgan Stanley lifted their price objective on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Scotiabank started coverage on Intuit in a research report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. Finally, Oppenheimer lifted their price target on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $726.53.

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the transaction, the chief accounting officer now owns 1,864 shares of the company’s stock, valued at approximately $1,154,337.92. This represents a 36.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Laura A. Fennell sold 4,788 shares of the stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at $18,414,736.20. The trade was a 13.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 293,014 shares of company stock valued at $188,992,187 in the last quarter. 2.68% of the stock is owned by insiders.

About Intuit

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.