L2 Asset Management LLC Invests $407,000 in Intuit Inc. $INTU

L2 Asset Management LLC acquired a new position in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,560 shares of the software maker’s stock, valued at approximately $407,000.

A number of other hedge funds have also recently bought and sold shares of INTU. Vega Investment Solutions bought a new position in Intuit in the second quarter valued at about $149,000. Dearborn Partners LLC acquired a new position in Intuit during the 2nd quarter valued at about $18,027,000. Algert Global LLC bought a new position in shares of Intuit in the 2nd quarter valued at about $7,440,000. Ally Financial Inc. bought a new position in shares of Intuit in the 2nd quarter valued at about $1,305,000. Finally, ICONIQ Capital LLC acquired a new stake in Intuit during the 2nd quarter worth $211,000. 83.66% of the stock is currently owned by institutional investors.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the 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 directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by corporate insiders.

Intuit Price Performance

INTU opened at $357.46 on Wednesday. The stock has a market cap of $97.78 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.16 and a beta of 0.97. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $302.38 and a 200 day simple moving average of $357.99.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 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 13.7% on a year-over-year basis. During the same period in the previous year, the company 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. On average, research analysts expect that Intuit Inc. will post 18.19 EPS for the current year.

Key Headlines Impacting Intuit

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

Analyst Ratings Changes

Several research analysts have recently issued reports on INTU shares. Royal Bank Of Canada reduced their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. BMO Capital Markets dropped their price objective on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group cut their target price on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Sunday. Susquehanna reduced their target price on Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a report on Monday, July 20th. Finally, Oppenheimer decreased their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $449.65.

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.