Oxford Financial Group LTD. LLC Has $482,000 Stock Position in Intuit Inc. (NASDAQ:INTU)

Oxford Financial Group LTD. LLC lessened its position in Intuit Inc. (NASDAQ:INTU) by 64.7% in the 4th quarter, Holdings Channel reports. The fund owned 767 shares of the software maker’s stock after selling 1,405 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Intuit were worth $482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. raised its position in Intuit by 1.5% during the fourth quarter. Lee Danner & Bass Inc. now owns 1,706 shares of the software maker’s stock valued at $1,072,000 after buying an additional 26 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Intuit by 4.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 15,539 shares of the software maker’s stock valued at $9,766,000 after purchasing an additional 630 shares during the period. Douglass Winthrop Advisors LLC lifted its position in shares of Intuit by 3.3% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 14,179 shares of the software maker’s stock worth $8,912,000 after purchasing an additional 451 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of Intuit by 8.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 40,094 shares of the software maker’s stock worth $25,199,000 after purchasing an additional 2,972 shares during the period. Finally, iA Global Asset Management Inc. grew its position in Intuit by 5.7% during the fourth quarter. iA Global Asset Management Inc. now owns 30,930 shares of the software maker’s stock valued at $19,440,000 after purchasing an additional 1,674 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTU. Scotiabank cut their target price on shares of Intuit from $700.00 to $600.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada restated an “outperform” rating and issued a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. Jefferies Financial Group raised their price target on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley raised Intuit from an “equal weight” rating to an “overweight” rating and set a $730.00 price target for the company in a research note on Wednesday, February 26th. Finally, Mizuho lifted their target price on shares of Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average price target of $721.61.

Insider Activity at Intuit

In related news, CFO Sandeep Aujla sold 109 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total value of $68,506.50. Following the completion of the transaction, the chief financial officer now directly owns 1,944 shares of the company’s stock, valued at $1,221,804. This trade represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $604.26, for a total transaction of $3,895,059.96. Following the completion of the sale, the insider now directly owns 6,219,900 shares in the company, valued at $3,758,436,774. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,646 shares of company stock worth $72,494,045. Company insiders own 2.68% of the company’s stock.

Intuit Trading Down 0.4 %

Shares of Intuit stock opened at $600.42 on Friday. The company has a market cap of $167.85 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 2.85 and a beta of 1.27. Intuit Inc. has a 1 year low of $553.24 and a 1 year high of $714.78. The company’s fifty day simple moving average is $596.47 and its 200-day simple moving average is $623.00. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, April 10th. Intuit’s dividend payout ratio is currently 38.81%.

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.