Intuit Inc. (NASDAQ:INTU) is Kirtland Hills Capital Management LLC’s 8th Largest Position

Kirtland Hills Capital Management LLC increased its position in shares of Intuit Inc. (NASDAQ:INTU) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,809 shares of the software maker’s stock after acquiring an additional 74 shares during the period. Intuit makes up about 2.0% of Kirtland Hills Capital Management LLC’s holdings, making the stock its 8th biggest position. Kirtland Hills Capital Management LLC’s holdings in Intuit were worth $3,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Intuit by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 29,307 shares of the software maker’s stock worth $18,200,000 after purchasing an additional 1,779 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Intuit by 73.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,231 shares of the software maker’s stock worth $2,006,000 after buying an additional 1,367 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Intuit by 5.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 971 shares of the software maker’s stock worth $603,000 after buying an additional 50 shares in the last quarter. Orrstown Financial Services Inc. grew its stake in Intuit by 40.7% in the 3rd quarter. Orrstown Financial Services Inc. now owns 429 shares of the software maker’s stock worth $266,000 after buying an additional 124 shares in the last quarter. Finally, abrdn plc grew its stake in Intuit by 5.2% in the 3rd quarter. abrdn plc now owns 305,977 shares of the software maker’s stock worth $189,984,000 after buying an additional 15,251 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Trading Down 2.0 %

NASDAQ INTU opened at $555.63 on Wednesday. Intuit Inc. has a fifty-two week low of $553.24 and a fifty-two week high of $714.78. 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 has a 50 day simple moving average of $607.70 and a two-hundred day simple moving average of $627.55. The stock has a market cap of $155.53 billion, a P/E ratio of 53.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on INTU shares. Redburn Atlantic started coverage on shares of Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Scotiabank initiated coverage on Intuit in a report on Monday, November 18th. They issued a “sector perform” rating and a $700.00 price objective for the company. Jefferies Financial Group upped their price objective on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 target price on shares of Intuit in a research note on Friday, January 10th. Finally, Morgan Stanley upped their target price on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Intuit has an average rating of “Moderate Buy” and a consensus target price of $726.71.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 23,810 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the sale, the executive vice president now directly owns 489 shares in the company, valued at $325,664.22. This trade represents a 97.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott D. Cook sold 73,655 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $664.94, for a total transaction of $48,976,155.70. Following the completion of the sale, the insider now owns 6,301,286 shares of the company’s stock, 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. Insiders sold 218,014 shares of company stock valued at $140,855,687 over the last quarter. 2.68% of the stock is owned by company insiders.

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.