Western Wealth Management LLC Acquires Shares of 2,518 Intuit Inc. $INTU

Western Wealth Management LLC acquired a new stake in Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 2,518 shares of the software maker’s stock, valued at approximately $657,000.

A number of other hedge funds have also modified their holdings of the business. Rakuten Investment Management Inc. lifted its position in Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after purchasing an additional 43,389 shares during the period. Bank of New York Mellon Corp increased its position in Intuit by 20.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares during the period. Vestcor Inc raised its stake in shares of Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock worth $13,723,000 after buying an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Intuit by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after buying an additional 6,999 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on INTU shares. TD Cowen reiterated a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Wolfe Research reaffirmed an “outperform” rating and set a $400.00 price target on shares of Intuit in a research note on Thursday, May 21st. Oppenheimer cut their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Daiwa Securities Group reduced their price objective on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Finally, BNP Paribas Exane decreased their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $449.65.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last 90 days. Company insiders own 2.49% of the company’s stock.

More 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 Trading Down 3.4%

Intuit stock opened at $357.46 on Wednesday. The stock has a 50-day moving average price of $302.38 and a 200 day moving average price of $357.99. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a market cap of $97.78 billion, a PE ratio of 21.65, a P/E/G 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 (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts predict that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

About Intuit

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.