Nan Fung Trinity HK Ltd. Has $26.68 Million Stock Position in Intuit Inc. $INTU

Nan Fung Trinity HK Ltd. grew its position in shares of Intuit Inc. (NASDAQ:INTUFree Report) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,070 shares of the software maker’s stock after buying an additional 3,300 shares during the period. Intuit makes up 2.7% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 9th biggest position. Nan Fung Trinity HK Ltd.’s holdings in Intuit were worth $26,681,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC raised its stake in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit in the second quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in shares of Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the period. Finally, LGT Financial Advisors LLC acquired a new stake in Intuit during the second quarter worth approximately $32,000. Institutional investors own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

Wall Street Analysts Forecast Growth

INTU has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Thursday, January 22nd. The Goldman Sachs Group assumed coverage on Intuit in a research note on Monday, January 12th. They issued a “neutral” rating and a $720.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a research note on Wednesday. KeyCorp decreased their target price on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 price target (down previously from $840.00) on shares of Intuit in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $791.73.

Get Our Latest Report on INTU

Insider Transactions at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by insiders.

Intuit Stock Down 0.8%

INTU stock opened at $498.92 on Friday. The firm has a 50-day moving average price of $625.24 and a 200-day moving average price of $668.53. Intuit Inc. has a 12 month low of $491.72 and a 12 month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $138.83 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25.

Intuit (NASDAQ:INTUGet Free Report) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.0%. Intuit’s dividend payout ratio (DPR) is 32.81%.

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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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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