Baldwin Brothers Inc. MA Sells 100 Shares of Intuit Inc. (NASDAQ:INTU)

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Baldwin Brothers Inc. MA decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 5.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,648 shares of the software maker’s stock after selling 100 shares during the period. Baldwin Brothers Inc. MA’s holdings in Intuit were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTU. CX Institutional increased its holdings in shares of Intuit by 85.5% in the first quarter. CX Institutional now owns 102 shares of the software maker’s stock worth $27,000 after buying an additional 47 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of Intuit by 0.6% in the first quarter. Wealthfront Advisers LLC now owns 8,675 shares of the software maker’s stock worth $2,268,000 after buying an additional 51 shares during the period. Broadleaf Partners LLC increased its holdings in shares of Intuit by 0.4% in the second quarter. Broadleaf Partners LLC now owns 14,648 shares of the software maker’s stock worth $3,828,000 after buying an additional 52 shares during the period. First Mercantile Trust Co. increased its holdings in shares of Intuit by 7.3% in the first quarter. First Mercantile Trust Co. now owns 779 shares of the software maker’s stock worth $204,000 after buying an additional 53 shares during the period. Finally, First Personal Financial Services increased its holdings in shares of Intuit by 2.4% in the first quarter. First Personal Financial Services now owns 2,302 shares of the software maker’s stock worth $602,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 88.48% of the company’s stock.

In related news, CFO Michelle M. Clatterbuck sold 10,628 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $256.27, for a total value of $2,723,637.56. Following the completion of the transaction, the chief financial officer now directly owns 10,628 shares in the company, valued at approximately $2,723,637.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Scott D. Cook sold 29,517 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $261.67, for a total transaction of $7,723,713.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 277,296 shares of company stock valued at $72,342,898. 4.60% of the stock is owned by company insiders.

INTU has been the topic of several analyst reports. Morgan Stanley lifted their price objective on Intuit from $239.00 to $244.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Stifel Nicolaus raised their target price on Intuit from $258.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Barclays raised their target price on Intuit from $225.00 to $237.00 and gave the stock an “equal weight” rating in a research note on Friday, May 24th. Zacks Investment Research cut Intuit from a “buy” rating to a “hold” rating and set a $268.00 target price on the stock. in a research note on Wednesday, May 29th. Finally, Credit Suisse Group raised their target price on Intuit from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $254.15.

Shares of INTU opened at $268.44 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $274.77 and its 200-day moving average price is $256.05. Intuit Inc. has a 52 week low of $182.61 and a 52 week high of $284.97. The stock has a market cap of $69.59 billion, a P/E ratio of 59.26, a P/E/G ratio of 2.74 and a beta of 1.10.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, May 23rd. The software maker reported $5.55 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.43. Intuit had a return on equity of 52.65% and a net margin of 24.34%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the firm posted $4.82 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts anticipate that Intuit Inc. will post 5.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 10th were issued a $0.47 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.70%. Intuit’s payout ratio is currently 41.50%.

About Intuit

Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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