National Pension Service Has $353.58 Million Holdings in Intuit Inc. (NASDAQ:INTU)

National Pension Service decreased its stake in Intuit Inc. (NASDAQ:INTU) by 10.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 562,583 shares of the software maker’s stock after selling 63,730 shares during the period. National Pension Service’s holdings in Intuit were worth $353,583,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Weil Company Inc. boosted its stake in shares of Intuit by 2.6% in the 4th quarter. Weil Company Inc. now owns 5,898 shares of the software maker’s stock valued at $3,707,000 after purchasing an additional 149 shares in the last quarter. Lake Street Advisors Group LLC lifted its holdings in Intuit by 4.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 5,033 shares of the software maker’s stock valued at $3,163,000 after purchasing an additional 216 shares during the last quarter. Kirtland Hills Capital Management LLC boosted its position in Intuit by 1.6% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,809 shares of the software maker’s stock valued at $3,023,000 after buying an additional 74 shares in the last quarter. FFT Wealth Management LLC grew its stake in Intuit by 41.9% during the fourth quarter. FFT Wealth Management LLC now owns 1,787 shares of the software maker’s stock worth $1,123,000 after buying an additional 528 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Intuit by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,386,228 shares of the software maker’s stock worth $1,499,744,000 after buying an additional 88,487 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In other news, EVP Laura A. Fennell sold 7,700 shares of Intuit stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total transaction of $5,063,828.00. Following the transaction, the executive vice president now directly owns 33,916 shares of the company’s stock, valued at $22,304,518.24. This trade represents a 18.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alex G. Balazs sold 23,810 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares of the company’s stock, valued at approximately $325,664.22. This represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,014 shares of company stock worth $140,855,687. 2.68% of the stock is currently owned by company insiders.

Intuit Stock Down 2.0 %

Shares of Intuit stock opened at $555.63 on Wednesday. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78. The business has a fifty day simple moving average of $607.70 and a 200 day simple moving average of $627.55. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $155.53 billion, a PE ratio of 53.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.24.

Wall Street Analyst Weigh In

Several research analysts have recently commented on INTU shares. StockNews.com raised Intuit from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Stifel Nicolaus decreased their target price on Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. BNP Paribas lowered Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price for the company. in a research note on Wednesday, January 15th. Morgan Stanley upped their price target on shares of Intuit from $685.00 to $730.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. Finally, Oppenheimer raised their price objective on shares of Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.