Ally Financial Inc. Buys Shares of 5,000 Intuit Inc. $INTU

Ally Financial Inc. purchased a new position in shares of Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,000 shares of the software maker's stock, valued at approximately $1,305,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Joseph Group Capital Management bought a new position in shares of Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the fourth quarter worth approximately $25,000. Osbon Capital Management LLC bought a new stake in Intuit during the second quarter worth approximately $26,000. MidFirst Bank acquired a new stake in Intuit in the second quarter worth approximately $28,000. Finally, HHM Wealth Advisors LLC boosted its stake in Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 83.66% of the company's stock.

Intuit Price Performance

Shares of Intuit stock opened at $367.00 on Monday. The firm has a market cap of $100.39 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The firm's 50-day simple moving average is $299.09 and its 200-day simple moving average is $359.07. Intuit Inc. has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Key Stories Impacting Intuit

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

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of Intuit 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 sale, the director directly 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 ownership of the stock. 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. Also, Director Vasant M. Prabhu acquired 500 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

INTU has been the topic of a number of research analyst reports. TD Cowen reaffirmed a "buy" rating on shares of Intuit in a report on Tuesday, August 18th. Citigroup cut their price target on shares of Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Wall Street Zen lowered shares of Intuit from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Stifel Nicolaus reaffirmed a "hold" rating and issued a $275.00 price objective (down from $375.00) on shares of Intuit in a research note on Wednesday, June 17th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $400.00 target price on shares of Intuit in a report on Thursday, May 21st. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $449.65.

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.

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