Wilsey Asset Management Inc. Buys Shares of 125,334 Intuit Inc. $INTU

Wilsey Asset Management Inc. acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 125,334 shares of the software maker’s stock, valued at approximately $32,712,000. Intuit comprises approximately 4.8% of Wilsey Asset Management Inc.’s holdings, making the stock its 14th biggest position.

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

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their position. The transaction 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 business’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents 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 worth $348,354 in the last quarter. Company insiders own 2.49% of the company’s stock.

Intuit News Roundup

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 Trading Down 1.8%

Shares of INTU stock opened at $321.91 on Friday. Intuit Inc. has a fifty-two week low of $252.84 and a fifty-two week high of $786.28. 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 stock has a 50 day simple moving average of $289.94 and a two-hundred day simple moving average of $373.39. The company has a market cap of $88.05 billion, a P/E ratio of 19.50, a PEG ratio of 1.03 and a beta of 0.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results 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 firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Research analysts forecast that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

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

Wall Street Analysts Forecast Growth

INTU has been the topic of a number of analyst reports. Stifel Nicolaus reiterated 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. Mizuho lowered their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley lowered Intuit from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $580.00 to $335.00 in a research note on Tuesday, July 21st. Barclays reduced their target price on Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Oppenheimer decreased their target price on shares of Intuit from $558.00 to $406.00 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 given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.45.

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.