Trinity Street Asset Management LLP reduced its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 44,025 shares of the software maker’s stock after selling 2,084 shares during the period. Intuit comprises approximately 0.6% of Trinity Street Asset Management LLP’s holdings, making the stock its 23rd biggest holding. Trinity Street Asset Management LLP’s holdings in Intuit were worth $11,491,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Joseph Group Capital Management purchased a new stake in Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the 4th quarter valued at $25,000. HHM Wealth Advisors LLC grew its stake in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after buying an additional 30 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Intuit in the first quarter valued at approximately $30,000. Finally, CrossGen Wealth LLC acquired a new stake in Intuit during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Insider Buying and Selling at Intuit
In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. The trade was a 2.67% 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. In the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on INTU
Key Stories Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit expanded its AI capabilities across QuickBooks Online Advanced and Intuit Enterprise Suite. The new conversational tools allow CFOs and accounting teams to query financial data, create reports and initiate workflows using natural language, supporting Intuit’s strategy to capture more complex mid-market finance customers. Intuit Advances Its Mid-Market Platform With Conversational AI
- Positive Sentiment: BMO reiterated a Buy rating and maintained a $412 price target, citing resilient core operations despite temporary segment headwinds. The endorsement offers support for the bullish view that the recent selloff may have created a more attractive valuation. Intuit Buy Rating Reiterated
- Neutral Sentiment: Intuit is scheduled to report fourth-quarter and full-year results on August 25. The event is likely to be the next major catalyst, particularly for updates on TurboTax demand, fiscal 2027 expectations and adoption of the company’s AI-powered products. Intuit Earnings Date
- Negative Sentiment: Several law firms publicized a securities-fraud class action filed against Intuit and certain executives. The litigation alleges material misstatements or omissions about the company’s tax business during the August 22, 2025–May 20, 2026 class period. Although the financial liability is uncertain, the repeated notices add reputational and legal overhang ahead of earnings. Intuit Securities Class Action
Intuit Trading Down 0.5%
Shares of NASDAQ INTU opened at $334.71 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $721.54. The company has a market cap of $91.56 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.06 and a beta of 0.97. The business has a fifty day simple moving average of $290.18 and a 200-day simple moving average of $367.64.
Intuit (NASDAQ:INTU – Get Free Report) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period last year, the firm posted $11.65 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts predict that Intuit Inc. will post 18.18 EPS for the current year.
Intuit Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Intuit’s payout ratio is presently 29.07%.
About Intuit
Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
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