Fluent Financial LLC Trims Position in Intuit Inc. (NASDAQ:INTU)

Fluent Financial LLC trimmed its holdings in Intuit Inc. (NASDAQ:INTU – Get Rating) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,679 shares of the software maker’s stock after selling 80 shares during the period. Fluent Financial LLC’s holdings in Intuit were worth $1,723,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in INTU. Brown Advisory Inc. increased its stake in shares of Intuit by 8.6% during the fourth quarter. Brown Advisory Inc. now owns 3,720,073 shares of the software maker’s stock worth $2,392,825,000 after acquiring an additional 295,602 shares during the period. Vident Investment Advisory LLC grew its position in Intuit by 62.1% during the third quarter. Vident Investment Advisory LLC now owns 3,948 shares of the software maker’s stock worth $2,131,000 after buying an additional 1,513 shares during the period. Liontrust Investment Partners LLP acquired a new position in Intuit during the third quarter worth about $181,491,000. Davidson Investment Advisors grew its position in Intuit by 0.9% during the fourth quarter. Davidson Investment Advisors now owns 30,489 shares of the software maker’s stock worth $19,611,000 after buying an additional 257 shares during the period. Finally, Sycomore Asset Management acquired a new position in Intuit during the fourth quarter worth about $5,832,000. 83.42% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Laura A. Fennell sold 59,286 shares of Intuit stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $475.03, for a total value of $28,162,628.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Alexander Chriss sold 368 shares of Intuit stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $478.84, for a total transaction of $176,213.12. The disclosure for this sale can be found here. Company insiders own 3.27% of the company’s stock.

Several analysts have recently commented on INTU shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intuit from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, February 25th. Citigroup started coverage on shares of Intuit in a research report on Tuesday, February 1st. They issued a “buy” rating and a $625.00 price target on the stock. BMO Capital Markets lowered their price target on shares of Intuit from $600.00 to $550.00 in a research report on Monday, May 2nd. Oppenheimer lowered their price target on shares of Intuit from $696.00 to $588.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. Finally, StockNews.com assumed coverage on shares of Intuit in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $595.95.

INTU traded up $5.45 during trading hours on Friday, reaching $367.78. 1,917,757 shares of the stock traded hands, compared to its average volume of 1,940,215. The firm’s fifty day simple moving average is $442.18 and its two-hundred day simple moving average is $531.64. The company has a market cap of $104.01 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 2.82 and a beta of 1.16. Intuit Inc. has a fifty-two week low of $339.36 and a fifty-two week high of $716.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18.

Intuit (NASDAQ:INTU – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The software maker reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.26). The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuit had a return on equity of 20.37% and a net margin of 19.03%. Intuit’s revenue was up 69.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 earnings per share. On average, research analysts predict that Intuit Inc. will post 8.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 11th were given a $0.68 dividend. The ex-dividend date was Friday, April 8th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.74%. Intuit’s payout ratio is currently 34.69%.

About Intuit (Get Rating)

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 ProConnect.

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