Trinity Street Asset Management LLP Has $11.49 Million Position in Intuit Inc. $INTU

by · The Markets Daily

Trinity Street Asset Management LLP decreased its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 largest holding. Trinity Street Asset Management LLP’s holdings in Intuit were worth $11,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new stake in Intuit in the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Intuit during the third quarter valued at approximately $33,000. Birchwood Financial Partners Inc. bought a new position in Intuit in the 4th quarter valued at $33,000. Finally, Steph & Co. boosted its stake in Intuit by 346.2% in the 4th quarter. Steph & Co. now owns 58 shares of the software maker’s stock worth $38,000 after purchasing an additional 45 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Trading Down 0.5%

Shares of Intuit stock opened at $334.71 on Thursday. The firm’s 50 day moving average is $290.18 and its 200 day moving average is $367.64. The firm has a market capitalization of $91.56 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.97. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $721.54. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the prior year, the company earned $11.65 EPS. Intuit’s 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. Equities research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Insiders Place Their Bets

In other news, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock valued at $348,354 over the last 90 days. 2.49% of the stock is currently owned by company insiders.

Intuit News Roundup

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. KeyCorp reduced their price target on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. BMO Capital Markets lowered their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Evercore decreased their price objective on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Truist Financial reaffirmed a “hold” rating and issued a $350.00 target price (down from $410.00) on shares of Intuit in a research report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $461.23.

View Our Latest Research Report on INTU

Intuit Company Profile

(Free Report)

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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