Western Wealth Management LLC lifted its position in Intuit Inc. (NASDAQ:INTU – Free Report) by 513.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,901 shares of the software maker’s stock after purchasing an additional 2,428 shares during the quarter. Western Wealth Management LLC’s holdings in Intuit were worth $1,254,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in INTU. McIlrath & Eck LLC increased its position in Intuit by 2,677.8% during the first quarter. McIlrath & Eck LLC now owns 250 shares of the software maker’s stock worth $108,000 after buying an additional 241 shares during the period. Ariadne Wealth Management LP boosted its holdings in shares of Intuit by 13.5% in the first quarter. Ariadne Wealth Management LP now owns 765 shares of the software maker’s stock valued at $331,000 after acquiring an additional 91 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Intuit by 366.0% in the first quarter. Edgestream Partners L.P. now owns 4,352 shares of the software maker’s stock valued at $1,882,000 after acquiring an additional 3,418 shares during the period. Kentucky Retirement Systems grew its position in shares of Intuit by 37.2% during the first quarter. Kentucky Retirement Systems now owns 23,518 shares of the software maker’s stock worth $10,169,000 after acquiring an additional 6,375 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Intuit during the first quarter worth approximately $310,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Intuit Stock Up 0.2%
Shares of Intuit stock opened at $316.07 on Friday. Intuit Inc. has a one year low of $252.84 and a one year high of $807.15. The company has a market cap of $86.46 billion, a P/E ratio of 19.14, a PEG ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a fifty day moving average of $289.00 and a two-hundred day moving average of $382.07.
Intuit Announces Dividend
The firm also recently announced 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 1.5%. Intuit’s payout ratio is presently 29.07%.
Insider Buying and Selling
In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction dated 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 directly owned 1,250 shares of the company’s stock, valued at $386,812.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,239 shares of company stock valued at $348,354. Company insiders own 2.49% of the company’s stock.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit is increasing its marketing presence on ChatGPT as major brands shift advertising budgets toward the platform. The move could help Intuit reach more consumers and support customer acquisition for TurboTax and its broader financial-product ecosystem, although the near-term financial impact is uncertain. Brands like Home Depot, Intuit, and Booking are betting bigger on ChatGPT ads
- Positive Sentiment: Intuit and College Board announced free financial-literacy tools for high school classrooms through a new AP Business with Personal Finance course. The partnership may strengthen Intuit’s brand and create longer-term engagement opportunities, but it is unlikely to materially affect near-term earnings. Intuit and College Board Partner to Bring Free Financial Tools
- Neutral Sentiment: Intuit will report fourth-quarter and full-year fiscal 2026 results after the market closes on August 25, followed by an investor day on September 17. Investors will likely look for updates on TurboTax demand, AI investments, restructuring and fiscal 2027 guidance. Intuit to Announce Fourth-Quarter and Full-Year Fiscal 2026 Results
- Negative Sentiment: An Ontario court certified a consumer-protection and competition class action against Intuit Canada and Intuit Inc. involving allegations that TurboTax’s “free” advertising was misleading. Certification allows the case to proceed and increases potential litigation costs, damages exposure and reputational risk; the allegations have not been proven. Ontario Superior Court Certifies Consumer Protection and Competition Act Class Action Against Intuit
- Negative Sentiment: Multiple law firms announced or promoted a U.S. securities class action covering investors who purchased INTU between August 22, 2025 and May 20, 2026. The complaints reportedly involve alleged misrepresentations concerning TurboTax growth prospects and investor harm after significant stock declines. Investors face a September 8, 2026 deadline to seek lead-plaintiff status. The repeated notices add headline and legal overhang, though they do not represent new financial results or a court finding against Intuit. Class Action Filed Alleging Investor Harm
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. UBS Group decreased their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. HSBC dropped their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Citigroup decreased their target price on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Stifel Nicolaus restated a “hold” rating and issued a $275.00 price target (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Finally, Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Twenty analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $462.39.
Check Out Our Latest Analysis on Intuit
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.
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