Intuit Inc. $INTU Stock Sold by Lindsell Train Ltd

Key Points

• Lindsell Train cut its Intuit stake by 5.9%, selling 39,300 shares in the third quarter; it retained 627,583 shares, worth about $173 million, making Intuit its fifth-largest portfolio holding.
• Intuit beat quarterly earnings and revenue expectations, reporting EPS of $4.03 and revenue of $4.35 billion; revenue rose 13.7% year over year. The company also issued fiscal 2027 EPS guidance of $22.88–$23.12.
• Intuit raised its quarterly dividend from $1.20 to $1.38 per share, equivalent to $5.52 annually. Analysts’ consensus rating was “Hold,” with an average price target of $431.55.

Lindsell Train Ltd lessened its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 627,583 shares of the software maker's stock after selling 39,300 shares during the period. Intuit makes up approximately 7.4% of Lindsell Train Ltd's portfolio, making the stock its 5th largest position. Lindsell Train Ltd owned 0.23% of Intuit worth $173,031,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Legacy Wealth Managment LLC ID boosted its holdings in Intuit by 10.3% in the first quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker's stock valued at $115,000 after purchasing an additional 25 shares during the period. Sachetta LLC increased its holdings in Intuit by 33.7% during the 1st quarter. Sachetta LLC now owns 111 shares of the software maker's stock worth $48,000 after purchasing an additional 28 shares during the period. Stronghold Wealth Management L.L.C. increased its holdings in Intuit by 6.5% during the 1st quarter. Stronghold Wealth Management L.L.C. now owns 474 shares of the software maker's stock worth $205,000 after purchasing an additional 29 shares during the period. Delta Asset Management LLC TN raised its position in Intuit by 13.2% in the 2nd quarter. Delta Asset Management LLC TN now owns 258 shares of the software maker's stock valued at $67,000 after purchasing an additional 30 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. raised its position in Intuit by 3.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 934 shares of the software maker's stock valued at $258,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business's stock in a transaction on Thursday, August 27th. The shares were 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 directly owned 1,628 shares of the company's stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company's stock.

Intuit Price Performance

Shares of NASDAQ INTU opened at $354.84 on Friday. The stock's 50-day simple moving average is $318.74 and its 200-day simple moving average is $358.07. The firm has a market capitalization of $94.83 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.18 and a beta of 0.91. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $682.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51.

Intuit (NASDAQ:INTU - Get Free Report) 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. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company posted $2.75 earnings per share. The firm's quarterly revenue 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 research analysts forecast that Intuit Inc. will post 23.02 EPS 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 is a positive change from Intuit's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.6%. Intuit's payout ratio is 33.45%.

Analyst Ratings Changes

INTU has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, August 19th. Royal Bank Of Canada restated an "outperform" rating and set a $385.00 target price on shares of Intuit in a research note on Friday, October 2nd. Mizuho reaffirmed an "outperform" rating and issued a $430.00 target price on shares of Intuit in a report on Friday, September 18th. Bank of America downgraded shares of Intuit from a "buy" rating to a "neutral" rating and set a $360.00 price target for the company. in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. downgraded shares of Intuit from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $605.00 to $331.00 in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $431.55.

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.

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