Wilsey Asset Management Inc. Buys New Shares in Intuit Inc. $INTU

Key Points

• Wilsey Asset Management bought 125,334 Intuit shares worth approximately $32.7 million, making Intuit about 4.8% of its portfolio. Institutional investors and hedge funds collectively own 83.66% of the company.
• Analyst sentiment remains a “Moderate Buy”, with 19 Buy, 10 Hold and three Sell ratings and an average price target of $460.45. However, Morgan Stanley and Stifel recently lowered their price targets, reflecting concerns about near-term growth.
• Intuit’s latest quarterly results exceeded expectations, with EPS of $12.80 and revenue of $8.56 billion, up 10.4% year over year. The company also declared a quarterly dividend of $1.20, equivalent to a 1.5% annual yield.

Wilsey Asset Management Inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,334 shares of the software maker's stock, valued at approximately $32,712,000. Intuit makes up about 4.8% of Wilsey Asset Management Inc.'s portfolio, making the stock its 14th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in INTU. Joseph Group Capital Management bought a new stake in shares of Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the fourth quarter worth about $25,000. HHM Wealth Advisors LLC increased its position in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after buying an additional 30 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Intuit in the first quarter valued at approximately $30,000. Finally, CrossGen Wealth LLC bought a new stake in Intuit in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 83.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley cut Intuit from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $580.00 to $335.00 in a research report on Tuesday, July 21st. Freedom Capital cut Intuit from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 21st. Bank of America initiated coverage on Intuit in a report on Wednesday, May 27th. They set a "buy" rating and a $400.00 price target for the company. Wall Street Zen cut shares of Intuit from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a research report on Wednesday, June 17th. Nineteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $460.45.

Intuit Trading Down 1.8%

INTU stock opened at $321.91 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $786.28. The company has a market capitalization of $88.05 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97. The company's 50-day simple moving average is $289.94 and its 200 day simple moving average is $373.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to analysts' expectations of $8.54 billion. During the same quarter in the previous year, the company earned $11.65 EPS. The business's revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 9th. Intuit's payout ratio is 29.07%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director directly owned 11,758 shares of the company's stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by corporate insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced that Citrin Cooperman is making its AI-native Intuit Enterprise Suite available to middle-market clients. The partnership supports Intuit’s expansion beyond small-business accounting and could help drive adoption of its enterprise financial-management platform. Citrin Cooperman Expands Its ERP and Advisory Offerings with Intuit Enterprise Suite
• Neutral Sentiment: Truist reaffirmed its Hold rating after previously citing a soft near-term growth outlook. The stance suggests valuation and longer-term prospects may be balanced by concerns about slowing momentum in the company’s core businesses. Intuit cut to Hold at Truist amid soft near-term growth outlook
• Negative Sentiment: Multiple law firms publicized a securities class action filed against Intuit and certain officers, covering investors who purchased shares from August 22, 2025, through May 20, 2026. The allegations reportedly focus on whether Intuit adequately disclosed TurboTax competitive risks, pricing pressure, and the sustainability of AI-related growth. Repeated notices increase the visibility of potential litigation, legal costs, and reputational risk, although the claims remain allegations. Investors have until September 8, 2026, to seek lead-plaintiff status. Pomerantz Class Action Announcement
• Negative Sentiment: Intuit shares also faced sector-wide pressure after Figma reported sharply higher AI-related research and operating expenses. The development raised investor concerns that AI investment could weigh on margins and earnings across software companies, including Intuit. Software Stocks Slide After Figma Flags Surging AI Costs

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.

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