ICW Investment Advisors LLC Has $814,000 Holdings in Intuit Inc. (NASDAQ:INTU)

ICW Investment Advisors LLC lifted its position in shares of Intuit Inc. (NASDAQ:INTU) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,295 shares of the software maker’s stock after buying an additional 327 shares during the quarter. ICW Investment Advisors LLC’s holdings in Intuit were worth $814,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Corebridge Financial Inc. boosted its stake in Intuit by 0.6% during the fourth quarter. Corebridge Financial Inc. now owns 96,134 shares of the software maker’s stock worth $60,420,000 after acquiring an additional 591 shares in the last quarter. Congress Wealth Management LLC DE lifted its stake in shares of Intuit by 2.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 30,207 shares of the software maker’s stock valued at $18,986,000 after buying an additional 584 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 27,035,316 shares of the software maker’s stock valued at $16,991,696,000 after buying an additional 353,185 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Intuit by 4.4% in the fourth quarter. LPL Financial LLC now owns 203,766 shares of the software maker’s stock valued at $127,887,000 after buying an additional 8,591 shares in the last quarter. Finally, Blueprint Investment Partners LLC lifted its stake in shares of Intuit by 112.0% in the fourth quarter. Blueprint Investment Partners LLC now owns 1,270 shares of the software maker’s stock valued at $798,000 after buying an additional 671 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Price Performance

INTU stock opened at $604.04 on Monday. The firm has a market capitalization of $168.87 billion, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 2.85 and a beta of 1.27. The firm has a 50 day moving average of $596.08 and a 200-day moving average of $622.80. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12 month low of $553.24 and a 12 month high of $714.78.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.69%. Intuit’s dividend payout ratio is presently 38.81%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INTU shares. Citigroup dropped their price objective on shares of Intuit from $760.00 to $726.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Redburn Atlantic started coverage on shares of Intuit in a research note on Wednesday, February 19th. They issued a “neutral” rating on the stock. Mizuho raised their price objective on shares of Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. StockNews.com lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets dropped their price target on shares of Intuit from $760.00 to $714.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $721.61.

Insider Activity at Intuit

In related news, CEO Sasan K. Goodarzi sold 75,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $630.10, for a total transaction of $47,257,500.00. Following the transaction, the chief executive officer now owns 35,776 shares in the company, valued at $22,542,457.60. The trade was a 67.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eve B. Burton sold 1,702 shares of Intuit stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $600.00, for a total value of $1,021,200.00. Following the sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. The trade was a 99.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,348 shares of company stock worth $73,515,245 in the last 90 days. Company insiders own 2.68% of the company’s stock.

Intuit Company 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.