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

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

A number of other institutional investors also recently modified their holdings of INTU. Rakuten Investment Management Inc. raised its holdings in Intuit by 522.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the last quarter. Vestcor Inc grew its position in shares of Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after buying an additional 9,148 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after buying an additional 6,503 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Intuit by 13.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after buying an additional 6,999 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on INTU shares. Guggenheim set a $633.00 price objective on shares of Intuit in a report on Monday, March 16th. BMO Capital Markets dropped their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. HSBC cut their price target on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. The Goldman Sachs Group cut Intuit from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $519.00 to $276.00 in a research note on Tuesday, June 2nd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $511.35.

Insider Transactions at Intuit

In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. 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. Over the last three months, insiders sold 955 shares of company stock valued at $273,855. Insiders own 2.49% of the company’s stock.

Intuit Stock Down 3.5%

Shares of NASDAQ:INTU opened at $257.77 on Tuesday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $70.51 billion, a PE ratio of 15.61, a PEG ratio of 0.98 and a beta of 0.98. The company has a 50 day moving average price of $347.59 and a two-hundred day moving average price of $457.36.

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

Intuit Dividend Announcement

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

Intuit Company Profile

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.