BBR Partners LLC Sells 21 Shares of Intuit Inc. (NASDAQ:INTU)

BBR Partners LLC decreased its holdings in Intuit Inc. (NASDAQ:INTU) by 3.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 596 shares of the software maker’s stock after selling 21 shares during the quarter. BBR Partners LLC’s holdings in Intuit were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTU. Jaffetilchin Investment Partners LLC acquired a new position in shares of Intuit in the first quarter valued at approximately $211,000. LRI Investments LLC acquired a new position in shares of Intuit in the first quarter valued at approximately $64,000. Swedbank AB acquired a new position in shares of Intuit in the first quarter valued at approximately $75,586,000. Farallon Capital Management LLC grew its position in shares of Intuit by 0.8% in the first quarter. Farallon Capital Management LLC now owns 537,078 shares of the software maker’s stock valued at $349,101,000 after purchasing an additional 4,078 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Intuit by 291.1% in the first quarter. Cetera Investment Advisers now owns 46,756 shares of the software maker’s stock valued at $30,391,000 after purchasing an additional 34,802 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

NASDAQ:INTU opened at $636.17 on Thursday. The stock has a market cap of $178.15 billion, a P/E ratio of 61.76, a price-to-earnings-growth ratio of 3.14 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $634.52 and its 200-day moving average is $631.32. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 EPS. Equities research analysts anticipate that Intuit Inc. will post 14.05 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 9th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, January 9th. Intuit’s payout ratio is currently 40.39%.

Analyst Ratings Changes

INTU has been the topic of several research reports. Oppenheimer upped their target price on Intuit from $712.00 to $722.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Bank of America upped their target price on Intuit from $730.00 to $780.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. StockNews.com downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Jefferies Financial Group increased their price target on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Scotiabank began coverage on Intuit in a research report on Monday, November 18th. They set a “sector perform” rating and a $700.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average price target of $737.44.

Insider Activity

In related news, EVP Alex G. Balazs sold 2,941 shares of Intuit stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $628.76, for a total transaction of $1,849,183.16. Following the completion of the transaction, the executive vice president now owns 20 shares of the company’s stock, valued at $12,575.20. This trade represents a 99.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, November 25th. The stock was sold at an average price of $641.82, for a total transaction of $48,136,500.00. Following the transaction, the insider now directly owns 6,378,105 shares of the company’s stock, valued at $4,093,595,351.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,265 shares of company stock valued at $83,336,625. Insiders own 2.90% of the company’s stock.

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.