Intuit (NASDAQ:INTU) Price Target Lowered to $580.00 at Argus

Intuit (NASDAQ:INTU) had its target price reduced by stock analysts at Argus from $780.00 to $580.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the software maker’s stock. Argus’ price target would indicate a potential upside of 33.03% from the stock’s current price.

INTU has been the subject of several other reports. Mizuho cut their price objective on Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a report on Monday. Oppenheimer lowered their price target on Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Evercore restated an “outperform” rating and set a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Finally, Barclays reduced their price objective on shares of Intuit from $785.00 to $540.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Twenty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $654.07.

Intuit Price Performance

INTU opened at $436.00 on Wednesday. The firm has a market capitalization of $120.58 billion, a P/E ratio of 28.24, a PEG ratio of 1.71 and a beta of 1.26. The stock has a fifty day moving average of $516.16 and a 200-day moving average of $612.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit has a 12-month low of $349.00 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast that Intuit will post 14.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction that occurred 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 owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 344,596 shares of company stock valued at $227,352,014. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Several institutional investors have recently bought and sold shares of INTU. Tortoise Investment Management LLC boosted its position in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares during the last quarter. Sagard Holdings Management Inc. bought a new position in shares of Intuit in the second quarter valued at approximately $28,000. True Wealth Design LLC boosted its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Finally, Joseph Group Capital Management bought a new stake in Intuit during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

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.