Synergy Financial Group LTD Has $298,000 Holdings in Intuit Inc. (NASDAQ:INTU)

Synergy Financial Group LTD decreased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 474 shares of the software maker’s stock after selling 37 shares during the period. Synergy Financial Group LTD’s holdings in Intuit were worth $298,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. BankPlus Trust Department bought a new position in shares of Intuit in the fourth quarter valued at approximately $61,000. Impax Asset Management Group plc grew its stake in Intuit by 0.6% in the 4th quarter. Impax Asset Management Group plc now owns 22,392 shares of the software maker’s stock valued at $14,073,000 after buying an additional 144 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in Intuit by 22.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,043 shares of the software maker’s stock worth $1,284,000 after acquiring an additional 380 shares during the period. IFP Advisors Inc lifted its position in Intuit by 0.9% during the 4th quarter. IFP Advisors Inc now owns 3,961 shares of the software maker’s stock worth $2,490,000 after acquiring an additional 35 shares during the last quarter. Finally, Waverton Investment Management Ltd boosted its holdings in Intuit by 2.6% during the fourth quarter. Waverton Investment Management Ltd now owns 263,413 shares of the software maker’s stock valued at $165,600,000 after acquiring an additional 6,776 shares during the period. 83.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 1,078 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the sale, the chief accounting officer now owns 1,864 shares in the company, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott D. Cook sold 73,655 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $664.94, for a total transaction of $48,976,155.70. Following the completion of the transaction, the insider now owns 6,301,286 shares in the company, valued at approximately $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. Over the last three months, insiders sold 218,014 shares of company stock valued at $140,855,687. 2.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTU shares. Redburn Atlantic started coverage on Intuit in a research note on Wednesday, February 19th. They issued a “neutral” rating on the stock. Morgan Stanley lifted their price target on Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Oppenheimer increased their price objective on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Stifel Nicolaus dropped their target price on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $726.71.

Intuit Price Performance

Intuit stock opened at $567.24 on Tuesday. The business has a 50 day simple moving average of $610.15 and a 200 day simple moving average of $628.07. Intuit Inc. has a one year low of $557.29 and a one year high of $714.78. The company has a market capitalization of $158.78 billion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

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.