2,351 Shares in Intuit Inc. $INTU Bought by Peak Asset Management LLC

Peak Asset Management LLC bought a new position in Intuit Inc. (NASDAQ:INTU) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,351 shares of the software maker’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Joseph Group Capital Management bought a new position in Intuit during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit in the fourth quarter worth $25,000. Pin Oak Investment Advisors Inc. acquired a new position in Intuit during the third quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new position in Intuit during the fourth quarter worth $33,000. Finally, Fiduciary Financial Advisors bought a new position in Intuit during the second quarter valued at about $25,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction 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 sale, the director owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last quarter. Corporate insiders own 2.49% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect fiscal fourth-quarter revenue and earnings-per-share growth, with consensus EPS near $3.58–$3.59, compared with $2.75 a year earlier. Strength in QuickBooks, Credit Karma and AI-related offerings could support the stock if Intuit meets or exceeds expectations. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: Some commentary describes INTU as potentially undervalued after its steep one-year decline. Bulls argue that new conversational-AI capabilities and the company’s recurring software ecosystem could help restore revenue and profit growth. Intuit Stock Could Be A Bargain After A 44% Fall
• Neutral Sentiment: The options market is pricing a roughly 9% potential post-earnings move, indicating unusually high near-term volatility. The market’s reaction is likely to depend more on forward guidance and AI adoption trends than on the quarterly numbers alone. Intuit Options Market Prices a 9% Swing Ahead of Earnings
• Negative Sentiment: Jefferies lowered its price target to $500 from $550, warning that the earnings bar may still be difficult to clear despite reduced expectations. Concerns include slowing TurboTax momentum and the possibility that generative AI could weaken Intuit’s competitive advantage. Jefferies Cuts Intuit Price Target
• Negative Sentiment: Multiple law firms promoted a securities class action and a September 8 lead-plaintiff deadline. The allegations focus on whether Intuit overstated AI-driven growth and the strength of its tax-related business. These are allegations, not proven findings, but the litigation creates an additional overhang for investors. Rosen Intuit Securities Class Action Deadline

Intuit Price Performance

Shares of INTU stock opened at $369.92 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 12 month low of $252.84 and a 12 month high of $705.08. The firm has a market cap of $101.19 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.15 and a beta of 0.97. The stock has a 50-day moving average price of $300.85 and a 200 day moving average price of $358.61.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTU. Daiwa Securities Group lowered their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Evercore restated an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a report on Tuesday, August 18th. Jefferies Financial Group lowered their price target on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Sunday. Finally, Rothschild & Co Redburn reduced their target price on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average target price of $449.65.

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.