Western Wealth Management LLC Purchases 2,428 Shares of Intuit Inc. $INTU

Western Wealth Management LLC lifted its position in Intuit Inc. (NASDAQ:INTU) by 513.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,901 shares of the software maker’s stock after purchasing an additional 2,428 shares during the period. Western Wealth Management LLC’s holdings in Intuit were worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Lombard Odier Asset Management Europe Ltd raised its holdings in Intuit by 277.7% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 38,016 shares of the software maker’s stock valued at $16,437,000 after acquiring an additional 27,951 shares during the period. Positano Wealth Management Ltd bought a new position in shares of Intuit in the first quarter worth about $748,000. Parallel Advisors LLC boosted its stake in shares of Intuit by 5.9% in the first quarter. Parallel Advisors LLC now owns 27,985 shares of the software maker’s stock worth $12,100,000 after acquiring an additional 1,560 shares during the period. Caerus Investment Advisors LLC grew its position in shares of Intuit by 123.6% during the first quarter. Caerus Investment Advisors LLC now owns 995 shares of the software maker’s stock worth $430,000 after purchasing an additional 550 shares in the last quarter. Finally, First Nebraska Trust Co purchased a new stake in shares of Intuit during the first quarter worth about $5,407,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

INTU has been the topic of a number of research analyst reports. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. BNP Paribas Exane reduced their price objective on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Jefferies Financial Group dropped their target price on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada dropped their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $461.23.

Intuit Stock Performance

NASDAQ INTU opened at $334.71 on Thursday. The stock has a market capitalization of $91.56 billion, a PE ratio of 20.27, a P/E/G ratio of 1.06 and a beta of 0.97. The business has a 50 day simple moving average of $290.18 and a two-hundred day simple moving average of $367.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $721.54.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts predict that Intuit Inc. will post 18.18 EPS for the current fiscal year.

Intuit Announces Dividend

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

Key Headlines Impacting Intuit

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

Insider Buying and Selling at Intuit

In other news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last quarter. 2.49% of the stock is owned by company insiders.

Intuit 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.