Intuit Inc. $INTU Stock Position Lowered by TrinityBridge Ltd

TrinityBridge Ltd cut its holdings in Intuit Inc. (NASDAQ:INTU) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,317 shares of the software maker’s stock after selling 1,958 shares during the period. TrinityBridge Ltd’s holdings in Intuit were worth $2,569,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. XXEC Inc. purchased a new position in shares of Intuit in the second quarter valued at $436,740,000. BlackRock Inc. purchased a new stake in Intuit during the 2nd quarter worth about $6,851,859,000. Corient Private Wealth LP purchased a new stake in Intuit during the 2nd quarter worth about $40,545,000. Bank of America Corp DE bought a new position in Intuit in the 2nd quarter worth about $589,841,000. Finally, Bank of New York Mellon Corp bought a new position in Intuit in the 2nd quarter worth about $564,592,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Piper Sandler lifted their target price on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a report on Wednesday, August 26th. Oppenheimer cut their price objective on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Evercore restated an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $385.00 price objective on shares of Intuit in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. lowered shares of Intuit from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $605.00 to $331.00 in a report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Intuit currently has a consensus rating of “Hold” and an average target price of $431.55.

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by corporate insiders.

Intuit Stock Performance

Shares of INTU opened at $344.72 on Wednesday. The company has a market cap of $92.12 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.16 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $318.58 and a 200-day moving average price of $360.01. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $682.27.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the business earned $2.75 earnings per share. Intuit’s revenue for the quarter was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, October 8th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.6%. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is presently 33.45%.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, taxes and marketing. Its ecosystem combines financial management, tax preparation, accounting, payments and customer relationship tools.

The company’s principal products include TurboTax for tax preparation, QuickBooks for accounting, invoicing, payroll and payments, Credit Karma for personal financial services, and Mailchimp for marketing automation and customer engagement.