Rench Wealth Management Inc. Sells 294 Shares of Intuit Inc. (NASDAQ:INTU)

15 Apr 2025, 09:50 by Doug Wharley · The Cerbat Gem

Rench Wealth Management Inc. lessened its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 3.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,699 shares of the software maker’s stock after selling 294 shares during the period. Intuit comprises about 1.7% of Rench Wealth Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Rench Wealth Management Inc.’s holdings in Intuit were worth $4,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in INTU. R Squared Ltd bought a new position in Intuit in the 4th quarter valued at approximately $25,000. NewSquare Capital LLC raised its stake in shares of Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock worth $27,000 after purchasing an additional 18 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Intuit during the fourth quarter valued at $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Intuit during the fourth quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Intuit in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Intuit from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $640.00 to $660.00 in a research note on Wednesday, March 5th. Jefferies Financial Group dropped their price target on Intuit from $800.00 to $735.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a report on Wednesday, January 15th. Finally, Redburn Atlantic began coverage on Intuit in a research report on Wednesday, February 19th. They issued a “neutral” rating on the stock. One 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. According to MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $713.56.

Check Out Our Latest Research Report on INTU

Insider Activity

In related news, Director Eve B. Burton sold 1,702 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the completion of the transaction, the director now directly owns 8 shares of the company’s stock, valued at approximately $4,800. This trade represents a 99.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Laura A. Fennell sold 8,163 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $612.46, for a total transaction of $4,999,510.98. Following the completion of the sale, the executive vice president now owns 21,882 shares in the company, valued at $13,401,849.72. This represents a 27.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,696 shares of company stock worth $14,347,731 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $593.55 on Tuesday. The firm has a market cap of $165.93 billion, a price-to-earnings ratio of 57.63, a P/E/G ratio of 2.85 and a beta of 1.25. The firm has a fifty day moving average price of $591.81 and a 200 day moving average price of $617.24. Intuit Inc. has a fifty-two week low of $532.65 and a fifty-two week high of $714.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 10th. Intuit’s dividend payout ratio (DPR) is presently 38.81%.

Intuit Company Profile

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