PKO Investment Management Joint Stock Co Sells 2,000 Shares of Intuit Inc. $INTU

PKO Investment Management Joint Stock Co decreased its position in Intuit Inc. (NASDAQ:INTU) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the software maker’s stock after selling 2,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Intuit were worth $4,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Intuit during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. bought a new position in shares of Intuit during the 4th quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Intuit by 54.3% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Trading Down 3.5%

NASDAQ INTU opened at $257.77 on Tuesday. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $347.59 and a 200-day moving average of $457.36. The company has a market cap of $70.51 billion, a PE ratio of 15.61, a PEG ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the company earned $11.65 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. Intuit’s payout ratio is currently 29.07%.

Insider Activity

In other news, Director Vasant M. Prabhu bought 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 955 shares of company stock worth $273,855 over the last 90 days. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on INTU. Barclays reduced their target price on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price target on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Oppenheimer cut their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Finally, Northcoast Research decreased their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.35.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.