Intuit Inc. (NASDAQ:INTU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Intuit Inc. (NASDAQ:INTUGet Free Report) have earned an average rating of “Moderate Buy” from the thirty-one analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $498.40.

A number of brokerages have recently issued reports on INTU. Scotiabank set a $575.00 target price on shares of Intuit in a research note on Friday, March 6th. TD Cowen cut their target price on shares of Intuit from $576.00 to $504.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Jefferies Financial Group cut their target price on shares of Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Royal Bank Of Canada cut their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Finally, Oppenheimer cut their target price on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st.

View Our Latest Stock Report on INTU

Intuit Price Performance

INTU stock opened at $267.15 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 has a 52-week low of $252.84 and a 52-week high of $813.70. The stock’s 50 day moving average is $338.90 and its two-hundred day moving average is $447.57. The company has a market capitalization of $73.08 billion, a PE ratio of 16.18, a P/E/G ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTUGet Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the business earned $11.65 EPS. Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts predict that Intuit will post 18.19 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, July 9th. Intuit’s dividend payout ratio is 29.07%.

Insider Transactions at Intuit

In related news, Director Vasant M. Prabhu bought 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the purchase, the director owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the sale, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This trade represents a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Institutional investors and hedge funds have recently bought and sold shares of the business. Joseph Group Capital Management acquired a new stake in Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the third quarter worth about $33,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit during the fourth quarter worth about $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in Intuit by 54.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

Intuit Company Profile

(Get Free Report)

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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Analyst Recommendations for Intuit (NASDAQ:INTU)

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