Triglav Skladi D.O.O. Makes New $833,000 Investment in Intuit Inc. (NASDAQ:INTU)

Triglav Skladi D.O.O. bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,325 shares of the software maker's stock, valued at approximately $833,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. True North Advisors LLC lifted its holdings in shares of Intuit by 4.3% during the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock valued at $257,000 after purchasing an additional 17 shares in the last quarter. Great Diamond Partners LLC lifted its holdings in shares of Intuit by 2.8% during the fourth quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after purchasing an additional 17 shares in the last quarter. Drive Wealth Management LLC lifted its holdings in Intuit by 2.4% in the fourth quarter. Drive Wealth Management LLC now owns 760 shares of the software maker's stock valued at $478,000 after acquiring an additional 18 shares during the period. NewSquare Capital LLC lifted its holdings in Intuit by 72.0% in the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after acquiring an additional 18 shares during the period. Finally, Ethos Financial Group LLC lifted its holdings in Intuit by 3.7% in the fourth quarter. Ethos Financial Group LLC now owns 508 shares of the software maker's stock valued at $319,000 after acquiring an additional 18 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Trading Up 0.9%

NASDAQ INTU traded up $6.09 on Thursday, hitting $666.07. 2,212,097 shares of the stock were exchanged, compared to its average volume of 1,616,224. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day moving average price of $613.06 and a two-hundred day moving average price of $620.19. The firm has a market capitalization of $186.21 billion, a P/E ratio of 64.67, a P/E/G ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $727.83.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping the consensus estimate of $10.89 by $0.76. Intuit had a net margin of 17.59% and a return on equity of 18.25%. Intuit's revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $9.88 earnings per share. Research analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Intuit from a "hold" rating to a "buy" rating in a research note on Tuesday, April 29th. Jefferies Financial Group decreased their target price on shares of Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Hsbc Global Res upgraded shares of Intuit from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $785.00 price objective (up from $765.00) on shares of Intuit in a report on Wednesday, February 26th. Finally, BMO Capital Markets cut their price objective on shares of Intuit from $760.00 to $714.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Intuit has a consensus rating of "Moderate Buy" and a consensus price target of $717.24.

Insiders Place Their Bets

In other news, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the sale, the director now directly owns 8 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott D. Cook sold 6,446 shares of Intuit stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the completion of the sale, the insider now owns 6,219,900 shares of the company's stock, valued at $3,758,436,774. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock valued at $14,347,731 over the last three months. 2.68% of the stock is owned by company insiders.

Intuit 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.