Baldwin Wealth Partners LLC MA Lowers Position in Intuit Inc. (NASDAQ:INTU)

Baldwin Wealth Partners LLC MA cut its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 843 shares of the software maker's stock after selling 446 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Intuit were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brown Financial Advisors grew its holdings in Intuit by 0.9% during the third quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after purchasing an additional 15 shares during the period. Truvestments Capital LLC grew its stake in shares of Intuit by 1.5% during the 3rd quarter. Truvestments Capital LLC now owns 1,078 shares of the software maker's stock worth $669,000 after acquiring an additional 16 shares during the period. Aviso Wealth Management increased its holdings in Intuit by 4.9% in the 2nd quarter. Aviso Wealth Management now owns 362 shares of the software maker's stock worth $238,000 after acquiring an additional 17 shares during the last quarter. CVA Family Office LLC raised its stake in Intuit by 3.3% in the 3rd quarter. CVA Family Office LLC now owns 531 shares of the software maker's stock valued at $330,000 after acquiring an additional 17 shares during the period. Finally, Chris Bulman Inc lifted its holdings in Intuit by 1.1% during the third quarter. Chris Bulman Inc now owns 1,520 shares of the software maker's stock valued at $944,000 after purchasing an additional 17 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

NASDAQ INTU traded up $8.67 during trading hours on Monday, reaching $606.62. 1,985,230 shares of the stock traded hands, compared to its average volume of 1,754,959. The stock has a 50 day simple moving average of $636.69 and a two-hundred day simple moving average of $635.00. Intuit Inc. has a 1 year low of $557.29 and a 1 year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $169.81 billion, a price-to-earnings ratio of 58.90, a price-to-earnings-growth ratio of 3.01 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. Intuit's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. On average, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 9th were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, January 10th. Intuit's dividend payout ratio is currently 40.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on INTU shares. Stifel Nicolaus lowered their price target 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. Morgan Stanley boosted their target price on shares of Intuit from $685.00 to $730.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. Scotiabank began coverage on Intuit in a research report on Monday, November 18th. They issued a "sector perform" rating and a $700.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $760.00 price objective on shares of Intuit in a research note on Friday, November 22nd. Finally, Barclays cut their target price on Intuit from $800.00 to $775.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $726.53.

Insider Buying and Selling

In other Intuit news, EVP Alex G. Balazs sold 23,810 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $665.98, for a total transaction of $15,856,983.80. Following the completion of the sale, the executive vice president now owns 489 shares of the company's stock, valued at $325,664.22. This represents a 97.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Laura A. Fennell sold 4,788 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $613.62, for a total transaction of $2,938,012.56. Following the completion of the transaction, the executive vice president now owns 30,010 shares in the company, valued at $18,414,736.20. The trade was a 13.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 293,014 shares of company stock worth $188,992,187 in the last 90 days. 2.68% of the stock is owned by company insiders.

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.