Angeles Wealth Management LLC Decreases Position in Intuit Inc. $INTU

Angeles Wealth Management LLC trimmed its position in shares of Intuit Inc. (NASDAQ:INTU) by 68.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,344 shares of the software maker’s stock after selling 2,884 shares during the quarter. Angeles Wealth Management LLC’s holdings in Intuit were worth $581,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Betterment LLC raised its position in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares during the last quarter. Value Partners Investments Inc. grew its stake in Intuit by 0.4% during the 4th quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after acquiring an additional 17 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Intuit by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,621 shares of the software maker’s stock valued at $2,399,000 after acquiring an additional 18 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in Intuit by 2.4% in the 4th quarter. SeaCrest Wealth Management LLC now owns 764 shares of the software maker’s stock worth $498,000 after purchasing an additional 18 shares in the last quarter. Finally, PFG Investments LLC boosted its holdings in shares of Intuit by 2.0% during the 4th quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock worth $606,000 after purchasing an additional 18 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTU has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Royal Bank Of Canada cut their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Evercore reduced their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Bank of America began coverage on shares of Intuit in a report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price objective for the company. Finally, BMO Capital Markets reduced their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average price target of $490.39.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock?
• Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell
• Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act
• Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
• Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers

Insider Activity at Intuit

In other Intuit news, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares in the company, valued at $386,812.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their position. 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. In the last three months, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Intuit Trading Down 1.3%

INTU opened at $291.09 on Friday. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. 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 business has a fifty day simple moving average of $303.20 and a 200-day simple moving average of $406.56. The firm has a market cap of $79.62 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.08 and a beta of 1.00.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the company earned $11.65 EPS. Intuit’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. On average, equities analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Intuit 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.