2,518 Shares in Intuit Inc. $INTU Acquired by Western Wealth Management LLC

Western Wealth Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,518 shares of the software maker’s stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTU. Roberts Glore & Co. Inc. IL purchased a new position in Intuit in the 2nd quarter valued at approximately $637,000. Jupiter Topco LLC purchased a new stake in shares of Intuit during the second quarter worth $17,805,000. EFG International AG acquired a new stake in shares of Intuit in the second quarter valued at $786,000. Primecap Management Co. CA acquired a new stake in shares of Intuit in the second quarter valued at $289,727,000. Finally, PDT Partners LLC purchased a new position in Intuit in the second quarter valued at $12,058,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Analyst Upgrades and Downgrades

INTU has been the subject of several analyst reports. Mizuho lowered their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, August 17th. HSBC decreased their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Bank of America initiated coverage on shares of Intuit in a research note on Wednesday, May 27th. They set a “buy” rating and a $400.00 target price on the stock. Finally, Piper Sandler reaffirmed an “underweight” rating and issued a $250.00 target price on shares of Intuit in a report on Wednesday, August 19th. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Intuit has an average rating of “Moderate Buy” and an average target price of $449.65.

Intuit Stock Down 3.4%

INTU stock opened at $357.46 on Wednesday. The stock has a market cap of $97.78 billion, a P/E ratio of 21.65, a PEG ratio of 1.16 and a beta of 0.97. 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 Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company’s 50 day moving average is $302.38 and its two-hundred day moving average is $357.99.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts expect that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last three months. 2.49% of the stock is owned by insiders.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
• Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend

Intuit Company Profile

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.