Intuit Inc. (NASDAQ:INTU) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 14.0% in 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 190 shares during the quarter. Sentry Investment Management LLC’s holdings in Intuit were worth $735,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Intuit in the fourth quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new position in Intuit in the 4th quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Intuit in the fourth quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Intuit during the fourth quarter worth $29,000. Finally, Denver PWM LLC purchased a new stake in shares of Intuit during the third quarter worth $32,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

Shares of INTU stock opened at $567.24 on Tuesday. Intuit Inc. has a 1 year low of $557.29 and a 1 year 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 firm has a market cap of $158.78 billion, a price-to-earnings ratio of 55.07, a PEG ratio of 2.85 and a beta of 1.24. The stock’s 50-day moving average is $610.15 and its two-hundred day moving average is $628.07.

Insider Buying and Selling

In other news, CAO Lauren D. Hotz sold 1,078 shares of Intuit stock in a transaction on Friday, January 10th. The shares were sold at an average price of $619.28, for a total value of $667,583.84. Following the transaction, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at $1,154,337.92. The trade was a 36.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 1,300 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $626.42, for a total transaction of $814,346.00. Following the completion of the sale, the chief financial officer now owns 644 shares of the company’s stock, valued at approximately $403,414.48. This trade represents a 66.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,014 shares of company stock worth $140,855,687 in the last quarter. 2.68% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Scotiabank started coverage on Intuit in a research note on Monday, November 18th. They set a “sector perform” rating and a $700.00 target price for the company. Morgan Stanley boosted 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. Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 target price on shares of Intuit in a report on Friday, January 10th. Oppenheimer lifted their price target on shares of Intuit from $712.00 to $722.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 price objective on shares of Intuit in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $726.71.

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.