Intuit (NASDAQ:INTU) Upgraded at BNP Paribas Exane

Intuit (NASDAQ:INTU) was upgraded by equities research analysts at BNP Paribas Exane from an “underperform” rating to a “neutral” rating in a report released on Monday, MarketBeat.com reports. The firm currently has a $463.00 price objective on the software maker’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 5.24% from the company’s current price.

INTU has been the subject of a number of other reports. Citigroup reduced their price objective on shares of Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Royal Bank Of Canada dropped their target price on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Weiss Ratings downgraded shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Scotiabank set a $575.00 price objective on shares of Intuit in a research note on Friday, March 6th. Finally, Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research report on Sunday, February 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $638.23.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $439.96 on Monday. The stock’s fifty day simple moving average is $482.31 and its 200 day simple moving average is $599.82. The stock has a market capitalization of $121.67 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.77 and a beta of 1.27. 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 52-week low of $349.00 and a 52-week high of $813.70.

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

Insider Activity at Intuit

In related news, 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 transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 120,501 shares of company stock valued at $79,983,892. 2.49% of the stock is owned by company insiders.

Institutional Trading of Intuit

A number of institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of Intuit in the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit in the fourth quarter worth approximately $25,000. Sagard Holdings Management Inc. acquired a new position in Intuit in the second quarter worth approximately $28,000. Finally, MTM Investment Management LLC raised its position in Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds 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.