PKO Investment Management Joint Stock Co Purchases 3,000 Shares of Intuit Inc. (NASDAQ:INTU)

PKO Investment Management Joint Stock Co boosted its position in Intuit Inc. (NASDAQ:INTU - Free Report) by 85.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,500 shares of the software maker's stock after purchasing an additional 3,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Intuit were worth $3,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of INTU. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Intuit by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,605 shares of the software maker's stock worth $107,854,000 after purchasing an additional 3,648 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new position in Intuit in the 4th quarter worth approximately $109,988,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Intuit in the 4th quarter worth $237,244,000. Alberta Investment Management Corp bought a new position in shares of Intuit in the 4th quarter worth $10,757,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Intuit during the 4th quarter valued at $2,958,000. 83.66% of the stock is owned by institutional investors.

Intuit Stock Down 0.4%

INTU stock traded down $3.18 on Tuesday, reaching $764.90. 1,344,395 shares of the company traded hands, compared to its average volume of 1,610,044. The firm has a fifty day simple moving average of $669.33 and a 200-day simple moving average of $631.09. The company has a market cap of $213.37 billion, a P/E ratio of 74.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28. Intuit Inc. has a one year low of $532.65 and a one year high of $773.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, May 22nd. The software maker reported $11.65 EPS for the quarter, topping analysts' consensus estimates of $10.89 by $0.76. The firm had revenue of $7.75 billion for the quarter, compared to analysts' expectations of $7.56 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm posted $9.88 earnings per share. Research analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on INTU shares. KeyCorp reiterated 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. Citigroup reaffirmed a "buy" rating and issued a $789.00 price objective (up previously from $726.00) on shares of Intuit in a research note on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on shares of Intuit from $660.00 to $770.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Stifel Nicolaus raised their price objective on Intuit from $725.00 to $850.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Piper Sandler reissued an "overweight" rating and issued a $825.00 target price (up previously from $785.00) on shares of Intuit in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average price target of $787.95.

Insiders Place Their Bets

In other Intuit news, Director Eve B. Burton sold 1,702 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marianna Tessel sold 7,385 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $600.13, for a total value of $4,431,960.05. Following the completion of the transaction, the executive vice president now owns 40,190 shares of the company's stock, valued at $24,119,224.70. This represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,408 shares of company stock valued at $213,441,865. 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.