Intuit Inc. (NASDAQ:INTU) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its holdings in Intuit Inc. (NASDAQ:INTU) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,525 shares of the software maker’s stock after selling 9,563 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Intuit were worth $19,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Private Capital Group LLC increased its position in shares of Intuit by 8.6% during the fourth quarter. Private Capital Group LLC now owns 340 shares of the software maker’s stock worth $129,000 after acquiring an additional 27 shares during the period. Glassman Wealth Services increased its holdings in Intuit by 21.1% in the fourth quarter. Glassman Wealth Services now owns 161 shares of the software maker’s stock valued at $61,000 after buying an additional 28 shares in the last quarter. Trustcore Financial Services LLC boosted its position in Intuit by 10.5% during the fourth quarter. Trustcore Financial Services LLC now owns 304 shares of the software maker’s stock worth $115,000 after acquiring an additional 29 shares during the last quarter. Highland Private Wealth Management boosted its holdings in shares of Intuit by 4.7% in the 4th quarter. Highland Private Wealth Management now owns 696 shares of the software maker’s stock valued at $264,000 after purchasing an additional 31 shares during the last quarter. Finally, Altium Wealth Management LLC lifted its holdings in shares of Intuit by 1.8% during the 3rd quarter. Altium Wealth Management LLC now owns 1,763 shares of the software maker’s stock valued at $575,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 84.79% of the company’s stock.

In related news, CFO Michelle M. Clatterbuck sold 412 shares of the stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $379.23, for a total transaction of $156,242.76. Following the completion of the sale, the chief financial officer now owns 978 shares in the company, valued at approximately $370,886.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kerry J. Mclean sold 4,093 shares of the stock in a transaction dated Tuesday, December 29th. The stock was sold at an average price of $378.56, for a total transaction of $1,549,446.08. Insiders have sold a total of 4,803 shares of company stock valued at $1,818,699 in the last quarter. 3.38% of the stock is currently owned by corporate insiders.

Shares of INTU stock traded down $2.06 during mid-day trading on Tuesday, reaching $399.49. The company’s stock had a trading volume of 36,858 shares, compared to its average volume of 1,288,000. Intuit Inc. has a 1-year low of $187.68 and a 1-year high of $423.74. The company has a market cap of $104.96 billion, a P/E ratio of 52.54, a PEG ratio of 4.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.09 and a current ratio of 3.09. The firm’s 50-day moving average is $383.21 and its two-hundred day moving average is $350.92.

A number of analysts have recently weighed in on INTU shares. Morgan Stanley upped their price target on shares of Intuit from $400.00 to $455.00 and gave the stock an “overweight” rating in a research note on Friday, November 20th. Oppenheimer upped their price objective on shares of Intuit from $382.00 to $391.00 and gave the stock an “outperform” rating in a report on Tuesday, December 8th. The Goldman Sachs Group assumed coverage on shares of Intuit in a report on Friday, January 22nd. They set a “neutral” rating and a $430.00 price objective for the company. Barclays upped their price objective on shares of Intuit from $455.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Citigroup upped their price objective on shares of Intuit from $383.00 to $411.00 and gave the stock a “neutral” rating in a report on Friday, February 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Intuit has an average rating of “Buy” and a consensus price target of $411.09.

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 three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.

See Also: Using the New Google Finance Tool

Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU).

Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.