Intuit (NASDAQ:INTU) Price Target Lowered to $750.00 at KeyCorp

Intuit (NASDAQ:INTU) had its price objective cut by stock analysts at KeyCorp from $825.00 to $750.00 in a research report issued on Friday,MarketScreener reports. The firm presently has an “overweight” rating on the software maker’s stock. KeyCorp’s price target points to a potential upside of 36.94% from the stock’s current price.

INTU has been the subject of a number of other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a research note on Friday, November 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Evercore ISI reissued an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Finally, BMO Capital Markets decreased their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Price Performance

Intuit stock opened at $547.69 on Friday. The business has a 50 day simple moving average of $639.19 and a 200 day simple moving average of $678.06. Intuit has a one year low of $520.69 and a one year high of $813.70. The company has a market capitalization of $152.41 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, sell-side analysts forecast that Intuit will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its holdings in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after purchasing an additional 1,433 shares during the period. MUFG Securities EMEA plc bought a new position in Intuit during the second quarter valued at $1,733,000. Wilmington Savings Fund Society FSB grew its stake in Intuit by 19.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock valued at $20,182,000 after buying an additional 4,913 shares in the last quarter. Liberty One Investment Management LLC grew its stake in Intuit by 31.8% in the 3rd quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock worth $6,580,000 after buying an additional 2,326 shares in the last quarter. Finally, denkapparat Operations GmbH purchased a new position in shares of Intuit during the 2nd quarter valued at about $830,000. Institutional investors own 83.66% of the company’s stock.

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.