Lindsell Train Ltd Has $867.94 Million Stock Holdings in Intuit Inc. (NASDAQ:INTU)

Lindsell Train Ltd boosted its holdings in Intuit Inc. (NASDAQ:INTU) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,265,806 shares of the software maker’s stock after purchasing an additional 18,800 shares during the quarter. Intuit makes up about 12.2% of Lindsell Train Ltd’s investment portfolio, making the stock its 4th largest holding. Lindsell Train Ltd owned about 0.83% of Intuit worth $867,940,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in INTU. Norges Bank acquired a new stake in shares of Intuit in the fourth quarter valued at approximately $881,906,000. BlackRock Inc. increased its stake in Intuit by 6.8% in the 1st quarter. BlackRock Inc. now owns 23,146,353 shares of the software maker’s stock worth $8,866,442,000 after purchasing an additional 1,464,341 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Intuit by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,561,386 shares of the software maker’s stock worth $8,179,575,000 after acquiring an additional 557,239 shares in the last quarter. FMR LLC raised its stake in Intuit by 8.4% during the 4th quarter. FMR LLC now owns 6,773,875 shares of the software maker’s stock valued at $2,573,057,000 after purchasing an additional 527,143 shares during the period. Finally, Mawer Investment Management Ltd. raised its position in Intuit by 52.2% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,223,334 shares of the software maker’s stock valued at $464,603,000 after buying an additional 419,560 shares during the period. 83.82% of the stock is owned by institutional investors and hedge funds.

INTU has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on Intuit from $450.00 to $510.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 26th. KeyCorp boosted their target price on shares of Intuit from $450.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 26th. Piper Sandler upped their price target on Intuit from $470.00 to $498.00 and gave the stock an “overweight” rating in a report on Wednesday, May 26th. BNP Paribas upgraded shares of Intuit from an “underperform” rating to a “neutral” rating and set a $470.00 target price for the company in a research note on Thursday, May 27th. Finally, Barclays raised their target price on Intuit from $482.00 to $540.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 26th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $465.71.

In other news, Director Dennis D. Powell sold 5,000 shares of the company’s stock in a transaction on Thursday, May 27th. The shares were sold at an average price of $431.67, for a total transaction of $2,158,350.00. Following the completion of the transaction, the director now directly owns 4,234 shares in the company, valued at $1,827,690.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michelle M. Clatterbuck sold 414 shares of the company’s stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $436.21, for a total transaction of $180,590.94. Following the transaction, the chief financial officer now owns 546 shares of the company’s stock, valued at $238,170.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,912 shares of company stock worth $72,890,386. Company insiders own 3.38% of the company’s stock.

Shares of NASDAQ:INTU traded up $0.82 on Friday, hitting $472.15. The company had a trading volume of 8,980 shares, compared to its average volume of 1,350,777. The company has a market cap of $129.02 billion, a PE ratio of 60.43, a price-to-earnings-growth ratio of 4.25 and a beta of 1.00. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.20. Intuit Inc. has a 1-year low of $274.19 and a 1-year high of $473.71. The stock’s 50 day moving average is $420.95.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Monday, May 24th. The software maker reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.19 by ($0.12). The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 23.93% and a return on equity of 28.76%. The company’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.49 earnings per share. On average, equities analysts predict that Intuit Inc. will post 7.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 19th. Shareholders of record on Monday, July 12th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, July 9th. Intuit’s dividend payout ratio is presently 35.98%.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in three segments: Small Business & Self-Employed, Consumer, and Strategic Partner.

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Institutional Ownership by Quarter for Intuit (NASDAQ:INTU)

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