Fundsmith 13F: Exits Intuit (INTU) Stake

Fundsmith has fully divested its shareholdings in Intuit Inc. (NASDAQ: INTU) after selling all of its shares during the period ending May 15, 2026. The investment management firm disclosed the transaction in its latest Form 13F filing with the Securities and Exchange Commission. Because these regulatory filings are backward-looking, this report represents the fund's portfolio as of mid-May and may not reflect its current holdings today.

Fundsmith Exits Its Position

The transaction represents a 100.0% decrease in the fund's holdings, as Fundsmith offloaded 625,619 shares of the software company. This complete exit follows a broader trend for the investment firm, which also closed out its position in Graco Inc. on the exact same date and sold its entire stake in Choice Hotels International in late 2025. By closing its position in Intuit, Fundsmith has reallocated capital away from the tax and accounting software specialist.

Intuit Stock Performance Indicators

Shares of Intuit were priced at $261.0 on Saturday, hovering near the lower end of their 52-week trading range of $252.84 to $689.17. The stock is currently trading below its 50-day moving average of $320.94 and its 200-day moving average of $377.12. Intuit has a total market value of $88.23 billion. It is currently valued at a price-to-earnings ratio of 20.05, while the forward price-to-earnings ratio sits at 12.25, indicating that investors expect higher earnings in the coming year.

Robust Financial Results and Profitability

Intuit continues to generate stable financial results, reporting annual revenue of $21.45 billion. That represents a revenue growth rate of 13.7%. The software provider remains highly profitable, boasting a net margin of 21.29% and a return on equity of 23.60%. The company has scheduled its next earnings announcement for November 19, 2026.

Intuit Dividend Metrics

For income-focused investors, Intuit offers a steady dividend payout. The company has a dividend yield of 1.67%. Its dividend payout ratio is currently 29.16%, which suggests the company retains a substantial portion of its profits to fund internal operations and future business growth while still returning cash to shareholders.

Insider Buying and Selling at Intuit Inc.

Insider transactions show some trimming of positions, though not necessarily a bearish outlook. On June 16, 2026, Richard Dalzell, an insider at Intuit, sold 284 shares. The transaction was executed at an average price of $282.2 per share, bringing the total transaction value to $80,144.8. This sale was carried out under a pre-arranged Rule 10b5-1 trading plan. In other trading developments, former President Donald J. Trump acquired a block of Intuit shares valued between $100,001 and $250,000 on May 22, 2026. Later, on September 18, 2026, Representative Gilbert Ray Cisneros Jr. disclosed a sale of Intuit shares.

Analysts Set New Price Targets

Wall Street firms have actively reviewed their outlook on the software company. On October 2, 2026, RBC Capital reiterated an Outperform rating on the stock with a $385.0 price target. Several other research firms updated their targets on September 18, 2026. Evercore ISI Group kept an Outperform rating with a $400.0 price target, and Mizuho maintained an Outperform rating with a $430.0 target. Meanwhile, Stifel, Truist Securities, and TD Cowen all maintained Hold ratings, setting price targets of $300.0, $300.0, and $346.0, respectively. Stifel had previously downgraded the stock to Hold from a higher rating back in June. Overall, 31 analyst opinions contribute to a consensus buy recommendation, with an average price target of $406.92.

About Intuit Inc.

Intuit is a financial software developer that provides tax preparation, accounting, and personal finance tools to individuals and small businesses. Its core products include TurboTax for income tax filing, QuickBooks for small business accounting, Credit Karma for credit monitoring, and Mailchimp for marketing automation. The company relies heavily on recurring subscription fees and annual tax-season software purchases.

What's Ahead for Intuit Inc.

Investors will want to monitor the software maker's upcoming financial results in November to see if the business can reverse the downward pressure on its stock price. While large institutional investors like Fundsmith have chosen to step away, the strong consensus buy rating from Wall Street suggests many analysts believe the stock still has long-term potential.