W1M Asset Management Ltd Buys Shares of 1,867 Intuit Inc. $INTU

23 Aug 2026, 06:01 by Amy Steele · The Cerbat Gem

W1M Asset Management Ltd bought a new stake in shares of Intuit Inc. (NASDAQ:INTU – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,867 shares of the software maker’s stock, valued at approximately $487,000.

A number of other hedge funds have also made changes to their positions in the stock. Joseph Group Capital Management acquired a new stake in Intuit in the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the 4th quarter worth $25,000. MidFirst Bank bought a new stake in shares of Intuit in the 2nd quarter worth about $28,000. HHM Wealth Advisors LLC increased its position in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Intuit in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu purchased 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the purchase, the director owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of Intuit 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 transaction, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock valued at $348,354 over the last 90 days. 2.49% of the stock is currently owned by insiders.

Intuit Stock Up 1.4%

Shares of Intuit stock opened at $367.00 on Friday. The business’s fifty day moving average price is $299.09 and its two-hundred day moving average price is $359.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $100.39 billion, a P/E ratio of 22.23, a PEG ratio of 1.15 and a beta of 0.97. Intuit Inc. has a 1-year low of $252.84 and a 1-year high of $705.08.

Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the prior year, the business posted $11.65 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Intuit Inc. will post 18.19 EPS for the current year.

Key Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit’s TurboTax, Credit Karma and QuickBooks businesses remain central to the bullish case. Analysts say the company is building a year-round consumer financial platform and using cross-selling to increase engagement and average revenue per user. Intuit Consumer Flywheel Gains: Can Cross-Selling Sustain Higher ARPU?
Positive Sentiment: Some analysts see potential for an upside earnings surprise, citing valuation compression, raised guidance and continued momentum in Intuit’s key growth engines. Bank of America maintained a Buy rating and a $400 price target, supporting investor confidence before the report. Intuit: Resilient Growth Drivers and Attractive Valuation Support Buy Rating
Neutral Sentiment: Options-oriented coverage highlights the possibility of generating income by selling calls against existing INTU shares. The strategy may provide an attractive yield but limits upside if the stock rises above the option’s strike price. Get Paid 16% A Year To Hold INTU Stock You Already Own
Neutral Sentiment: Wall Street’s outlook is mixed ahead of earnings. Piper Sandler reaffirmed an Underweight rating, while another valuation update reduced its fair-value estimate from $488.17 to $449.20, reflecting concerns about growth expectations, valuation and potential artificial-intelligence risks. Piper Sandler Reaffirms Underweight Rating for Intuit
Negative Sentiment: Several law firms are publicizing a securities-fraud class action against Intuit and certain officers. The lawsuit alleges that the company made material misstatements or omissions about the strength of its tax-related business and TurboTax growth disclosures. Investors face a September 8 deadline to seek lead-plaintiff status. The legal claims are allegations and could create reputational, financial and investor-confidence risks. Intuit Securities Fraud Class Action Deadline Alert

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus decreased their price target on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Piper Sandler reiterated an “underweight” rating and issued a $250.00 price target on shares of Intuit in a report on Wednesday. Wolfe Research reissued an “outperform” rating and set a $400.00 price target on shares of Intuit in a research report on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Susquehanna decreased their price objective on shares of Intuit from $550.00 to $427.00 and set a “positive” rating for the company in a report on Monday, July 20th. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $451.26.

Read Our Latest Stock Analysis on Intuit

About Intuit

(Free Report)

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.