Troy Asset Management Ltd Acquires 7,921 Shares of Intuit Inc. $INTU

Troy Asset Management Ltd increased its holdings in Intuit Inc. (NASDAQ:INTU) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,168 shares of the software maker’s stock after purchasing an additional 7,921 shares during the period. Intuit makes up 0.9% of Troy Asset Management Ltd’s investment portfolio, making the stock its 15th biggest holding. Troy Asset Management Ltd’s holdings in Intuit were worth $36,544,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter valued at about $785,564,000. Vanguard Group Inc. boosted its holdings in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after acquiring an additional 914,024 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Intuit by 74.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,145 shares of the software maker’s stock valued at $646,618,000 after acquiring an additional 417,646 shares during the period. Finally, Jericho Capital Asset Management L.P. bought a new stake in Intuit during the third quarter valued at about $267,018,000. 83.66% of the stock is currently owned by institutional investors.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.

Intuit Price Performance

Shares of INTU opened at $319.94 on Monday. The company has a 50-day simple moving average of $403.55 and a 200-day simple moving average of $509.35. The firm has a market capitalization of $87.52 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.32 and a current ratio of 1.45. Intuit Inc. has a 52 week low of $302.36 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts expect that Intuit Inc. will post 17.49 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. Intuit’s dividend payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a report on Thursday. Stifel Nicolaus decreased their price target on shares of Intuit from $500.00 to $375.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen decreased their price target on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial decreased their price target on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wolfe Research restated an “outperform” rating and set a $400.00 price target on shares of Intuit in a report on Thursday. Twenty-four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $546.29.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
• Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands

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.