PKO Investment Management Joint Stock Co Makes New Investment in Intuit Inc. (NASDAQ:INTU)

PKO Investment Management Joint Stock Co purchased a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,500 shares of the software maker's stock, valued at approximately $2,200,000.

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Intuit in the 4th quarter valued at $25,000. Copia Wealth Management bought a new position in shares of Intuit in the 4th quarter valued at $25,000. NewSquare Capital LLC lifted its stake in shares of Intuit by 72.0% in the 4th 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 last quarter. Summit Securities Group LLC bought a new position in shares of Intuit in the 4th quarter valued at $28,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Intuit in the 4th quarter valued at $28,000. 83.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTU. UBS Group set a $750.00 price target on Intuit and gave the company a "neutral" rating in a research note on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and issued a $820.00 price objective (up from $714.00) on shares of Intuit in a report on Friday, May 23rd. Citigroup restated a "buy" rating and issued a $789.00 price objective (up from $726.00) on shares of Intuit in a report on Friday, May 23rd. Susquehanna restated a "positive" rating on shares of Intuit in a report on Friday, May 23rd. Finally, KeyCorp restated an "overweight" rating and issued a $850.00 price objective (up from $770.00) on shares of Intuit in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Intuit has an average rating of "Moderate Buy" and a consensus price target of $785.33.

Intuit Stock Down 0.7%

Shares of INTU traded down $5.18 during trading hours on Friday, hitting $752.04. The stock had a trading volume of 2,887,091 shares, compared to its average volume of 1,619,387. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day simple moving average of $630.69 and a 200-day simple moving average of $622.38. The firm has a market capitalization of $209.78 billion, a P/E ratio of 73.01, a price-to-earnings-growth 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 $761.02.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, beating the consensus estimate of $10.89 by $0.76. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $9.88 EPS. Sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 10th will be paid a $1.04 dividend. The ex-dividend date is Thursday, July 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.55%. Intuit's dividend payout ratio is presently 33.77%.

Insider Activity

In other Intuit news, EVP Marianna Tessel sold 7,385 shares of Intuit stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $600.13, for a total transaction of $4,431,960.05. Following the completion of the transaction, the executive vice president now owns 40,190 shares in the company, valued at approximately $24,119,224.70. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction dated 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 transaction, the director now owns 8 shares of the company's stock, valued at $4,800. This trade represents a 99.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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 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.