Czech National Bank Acquires 3,519 Shares of Intuit Inc. (NASDAQ:INTU)

Czech National Bank lifted its position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,292 shares of the software maker's stock after purchasing an additional 3,519 shares during the period. Czech National Bank's holdings in Intuit were worth $39,475,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INTU. R Squared Ltd bought a new position in Intuit in the fourth quarter worth about $25,000. Copia Wealth Management bought a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. NewSquare Capital LLC increased its stake in shares of Intuit by 72.0% during the fourth quarter. NewSquare Capital LLC now owns 43 shares of the software maker's stock valued at $27,000 after purchasing an additional 18 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Intuit during the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Intuit during the fourth quarter valued at approximately $28,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Intuit news, Director Eve B. Burton sold 1,702 shares of Intuit 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 sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. The trade was a 99.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark P. Notarainni sold 469 shares of Intuit stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $725.00, for a total transaction of $340,025.00. Following the completion of the sale, the executive vice president now owns 19 shares in the company, valued at approximately $13,775. This represents a 96.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,804 shares of company stock worth $138,081,963 in the last three months. Company insiders own 2.68% of the company's stock.

Intuit Stock Performance

Shares of Intuit stock traded up $1.08 on Thursday, hitting $767.89. 591,935 shares of the company's stock were exchanged, compared to its average volume of 1,616,709. The company has a 50-day simple moving average of $640.03 and a 200-day simple moving average of $624.89. The stock has a market capitalization of $214.20 billion, a PE ratio of 74.55, a PEG ratio of 2.85 and a beta of 1.24. Intuit Inc. has a 1 year low of $532.65 and a 1 year high of $773.47. 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 (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $11.65 earnings per share for the quarter, topping the consensus estimate of $10.89 by $0.76. The business had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The company's revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $9.88 EPS. As a group, equities analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.04 per share. The ex-dividend date is Thursday, July 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.54%. Intuit's payout ratio is 33.77%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho raised 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. Morgan Stanley reaffirmed an "overweight" rating and set a $785.00 target price (up previously from $720.00) on shares of Intuit in a research note on Friday, May 23rd. BMO Capital Markets reaffirmed an "outperform" rating and set a $820.00 target price (up previously from $714.00) on shares of Intuit in a research note on Friday, May 23rd. HSBC upgraded shares of Intuit from a "hold" rating to a "buy" rating and set a $699.00 price target on the stock in a report on Wednesday, April 23rd. Finally, Susquehanna reiterated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and a consensus target price of $785.33.

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.