Scott & Selber Inc. Sells 105 Shares of Intuit Inc. (NASDAQ:INTU)

Scott & Selber Inc. lowered its position in Intuit Inc. (NASDAQ:INTU) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,212 shares of the software maker’s stock after selling 105 shares during the quarter. Scott & Selber Inc.’s holdings in Intuit were worth $2,647,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of INTU. R Squared Ltd acquired a new position in shares of Intuit in the fourth quarter valued at $25,000. Heck Capital Advisors LLC bought a new stake in Intuit in the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit in the 4th quarter valued at $28,000. Sugar Maple Asset Management LLC bought a new position in shares of Intuit during the 4th quarter worth about $29,000. Finally, Denver PWM LLC acquired a new stake in shares of Intuit during the 3rd quarter valued at about $32,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 2.1 %

NASDAQ:INTU opened at $601.09 on Tuesday. The company has a market cap of $168.04 billion, a price-to-earnings ratio of 58.36, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s fifty day moving average price is $605.15 and its two-hundred day moving average price is $626.69. Intuit Inc. has a 52-week low of $553.24 and a 52-week high of $714.78.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

Insider Buying and Selling at Intuit

In other news, insider Scott D. Cook sold 6,446 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the transaction, the insider now directly owns 6,219,900 shares of the company’s stock, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark P. Notarainni sold 3,649 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $646.68, for a total transaction of $2,359,735.32. Following the completion of the sale, the executive vice president now directly owns 19 shares in the company, valued at approximately $12,286.92. This represents a 99.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 224,460 shares of company stock valued at $144,750,747. Corporate insiders own 2.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on INTU shares. Jefferies Financial Group increased their price target on shares of Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on Intuit from $600.00 to $640.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $760.00 price target on shares of Intuit in a research note on Friday, November 22nd. BMO Capital Markets dropped their price objective on Intuit from $760.00 to $714.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $785.00 target price (up previously from $765.00) on shares of Intuit in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $720.50.

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.