Intuit Inc. $INTU Position Reduced by TrinityBridge Ltd

TrinityBridge Ltd lessened its holdings in Intuit Inc. (NASDAQ:INTU) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,317 shares of the software maker’s stock after selling 1,958 shares during the quarter. TrinityBridge Ltd’s holdings in Intuit were worth $2,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Intuit during the second quarter valued at about $6,851,859,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after acquiring an additional 215,814 shares during the last quarter. Unisphere Establishment lifted its stake in shares of Intuit by 6.5% in the 1st quarter. Unisphere Establishment now owns 1,810,000 shares of the software maker’s stock valued at $782,608,000 after acquiring an additional 110,000 shares during the last quarter. Finally, Amundi lifted its stake in shares of Intuit by 44.9% in the 1st quarter. Amundi now owns 1,563,158 shares of the software maker’s stock valued at $675,878,000 after acquiring an additional 484,602 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the stock in a transaction that occurred on 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 approximately $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the topic of several recent research reports. Weiss Ratings upgraded Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. Evercore reissued an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. Oppenheimer cut their target price on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Finally, Barclays decreased their target price on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $431.55.

Intuit Stock Down 2.1%

NASDAQ INTU opened at $344.72 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $92.12 billion, a PE ratio of 20.89, a PEG ratio of 1.16 and a beta of 0.91. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $682.27. The business’s 50-day moving average is $318.58 and its 200 day moving average is $360.01.

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

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, October 8th were issued 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 33.45%.

About Intuit

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.