Park Capital Management LLC WI Buys New Shares in Intuit Inc. (NASDAQ:INTU)

Park Capital Management LLC WI purchased a new position in Intuit Inc. (NASDAQ:INTU) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,279 shares of the software maker’s stock, valued at approximately $804,000. Intuit comprises about 1.0% of Park Capital Management LLC WI’s portfolio, making the stock its 20th largest holding.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Intuit during the 4th quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Intuit in the third quarter worth approximately $27,000. Heck Capital Advisors LLC bought a new stake in shares of Intuit in the fourth quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Intuit in the fourth quarter worth approximately $28,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Intuit during the fourth quarter valued at approximately $29,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 1.6 %

NASDAQ INTU opened at $576.54 on Thursday. The stock has a market cap of $161.39 billion, a PE ratio of 55.97, a P/E/G ratio of 2.91 and a beta of 1.24. Intuit Inc. has a fifty-two week low of $557.29 and a fifty-two week high of $714.78. The business has a 50 day moving average price of $624.25 and a two-hundred day moving average price of $631.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.16 annualized dividend and a yield of 0.72%. Intuit’s dividend payout ratio is currently 40.39%.

Insider Activity at Intuit

In other news, EVP Laura A. Fennell sold 4,788 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the completion of the sale, the executive vice president now directly owns 30,010 shares of the company’s stock, valued at $18,414,736.20. This trade represents a 13.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lauren D. Hotz sold 1,078 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total value of $667,583.84. Following the sale, the chief accounting officer now directly owns 1,864 shares of the company’s stock, valued at $1,154,337.92. This trade represents a 36.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 293,014 shares of company stock valued at $188,992,187 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INTU shares. BNP Paribas downgraded shares of Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 price target on the stock. in a report on Wednesday, January 15th. Jefferies Financial Group upped their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Stifel Nicolaus cut their price objective on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $760.00 price target on shares of Intuit in a report on Friday, November 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $765.00 price objective on shares of Intuit in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $726.53.

About Intuit

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.