Oregon Public Employees Retirement Fund Increases Holdings in Intuit Inc. (NASDAQ:INTU)

Oregon Public Employees Retirement Fund boosted its position in shares of Intuit Inc. (NASDAQ:INTU) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,032 shares of the software maker’s stock after purchasing an additional 151 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Intuit were worth $15,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of INTU. R Squared Ltd bought a new position in shares of Intuit during the 4th quarter worth $25,000. Heck Capital Advisors LLC purchased a new stake in Intuit in the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Intuit during the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new position in Intuit during the 4th quarter valued at about $29,000. Finally, Denver PWM LLC bought a new stake in shares of Intuit in the 3rd quarter valued at about $32,000. 83.66% of the stock is owned by institutional investors.

Intuit Trading Down 2.0 %

Shares of Intuit stock opened at $555.63 on Wednesday. Intuit Inc. has a 12-month low of $553.24 and a 12-month high of $714.78. The firm’s 50 day simple moving average is $607.70 and its two-hundred day simple moving average is $627.55. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $155.53 billion, a price-to-earnings ratio of 53.94, a PEG ratio of 2.85 and a beta of 1.24.

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of recent research reports. StockNews.com upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Redburn Atlantic initiated coverage on Intuit in a research report on Wednesday, February 19th. They set a “neutral” rating on the stock. Jefferies Financial Group boosted their price target on Intuit from $790.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Barclays decreased their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $765.00 target price on shares of Intuit in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $726.71.

Insider Activity at Intuit

In other Intuit news, EVP Laura A. Fennell sold 7,700 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $657.64, for a total value of $5,063,828.00. Following the sale, the executive vice president now directly owns 33,916 shares of the company’s stock, valued at approximately $22,304,518.24. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alex G. Balazs sold 23,810 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $665.98, for a total value of $15,856,983.80. Following the completion of the transaction, the executive vice president now directly owns 489 shares of the company’s stock, valued at approximately $325,664.22. This trade represents a 97.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,014 shares of company stock valued at $140,855,687 in the last ninety days. Company insiders own 2.68% of the company’s stock.

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.