39,300 Intuit Inc. $INTU Shares Sold by Lindsell Train Ltd

Lindsell Train Ltd cut its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 5.9% during the third quarter, HoldingsChannel.com reports. The fund owned 627,583 shares of the software maker’s stock after selling 39,300 shares during the quarter. Intuit makes up 7.4% of Lindsell Train Ltd’s holdings, making the stock its 5th largest position. Lindsell Train Ltd’s holdings in Intuit were worth $173,031,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Inscription Capital LLC grew its position in Intuit by 12.9% during the 3rd quarter. Inscription Capital LLC now owns 2,959 shares of the software maker’s stock worth $816,000 after purchasing an additional 339 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Intuit by 35.5% in the third quarter. Commonwealth Equity Services LLC now owns 37,378 shares of the software maker’s stock valued at $10,306,000 after buying an additional 9,798 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Intuit by 3.6% in the third quarter. Chicago Partners Investment Group LLC now owns 13,261 shares of the software maker’s stock valued at $4,554,000 after buying an additional 464 shares during the last quarter. Covestor Ltd raised its holdings in shares of Intuit by 22.6% in the third quarter. Covestor Ltd now owns 515 shares of the software maker’s stock valued at $142,000 after buying an additional 95 shares during the last quarter. Finally, 3Chopt Investment Partners LLC acquired a new stake in shares of Intuit during the third quarter worth about $210,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Down 0.5%

INTU stock opened at $354.84 on Friday. The stock 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. The company has a fifty day moving average of $318.74 and a 200-day moving average of $358.07. 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 Inc. has a one year low of $252.84 and a one year high of $682.27.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 earnings per share. 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, analysts expect that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were issued a $1.38 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is 33.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup lowered their price target on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. JPMorgan Chase & Co. downgraded Intuit from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Finally, Mizuho reissued an “outperform” rating and issued a $430.00 target price on shares of Intuit in a report on Friday, September 18th. 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $431.55.

Insider Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of Intuit 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 sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Dalzell sold 285 shares of the company’s stock in a transaction 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 transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is owned by insiders.

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.