Intuit (NASDAQ:INTU) Upgraded by Piper Sandler to Strong Sell Rating

Intuit (NASDAQ:INTU) was upgraded by equities researchers at Piper Sandler to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Daiwa Securities Group decreased their price target on shares of Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. BNP Paribas Exane lowered their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Citigroup reduced their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $490.39.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $279.70 on Tuesday. The company has a market capitalization of $76.51 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. Intuit has a 52 week low of $252.84 and a 52 week high of $813.70. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $307.54 and a 200 day moving average of $410.07.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, sell-side analysts predict that Intuit will post 18.19 earnings per share for the current fiscal year.

Insider Transactions at Intuit

In related news, Director Vasant M. Prabhu acquired 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction that occurred on Tuesday, June 23rd. The stock was 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 of the company’s stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock worth $348,354 in the last 90 days. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its stake in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit during the 1st quarter worth about $785,564,000. Sivia Capital Partners LLC grew its stake in Intuit by 23.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC grew its stake in Intuit by 12.2% during the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit received a bullish analyst upgrade to Zacks Rank #2 (Buy), which could support the stock by reinforcing confidence in its earnings outlook and near-term growth prospects. Intuit (INTU) Upgraded to Buy: Here’s Why
• Positive Sentiment: Several articles described Intuit as a solid growth stock and noted that Wall Street analysts remain generally optimistic, which may help offset some of the legal overhang. Wall Street Bulls Look Optimistic About Intuit (INTU): Should You Buy?
• Neutral Sentiment: Commentary comparing INTU with Microsoft and discussing Intuit’s growth profile added background, but did not introduce a clear new catalyst for the shares. INTU vs. MSFT: Which Stock Is the Better Value Option?
• Neutral Sentiment: Business/marketing coverage around Mailchimp and Canva was more brand-oriented than stock-moving, so it is unlikely to have a major immediate impact on INTU. Connecting the dots: How Intuit Mailchimp and Canva are redefining growth-driven marketing
• Negative Sentiment: Multiple firms announced or promoted class-action lawsuits and securities-fraud investigations tied to alleged misrepresentations around TurboTax growth and pricing issues, creating a significant legal overhang for Intuit and likely weighing on the stock. INTU Fraud Notice: Intuit Investors are Reminded to Contact BFA Law…
• Negative Sentiment: One article said Intuit shares slipped after Piper Sandler initiated coverage with a sell-equivalent rating and a Street-low price target, adding to bearish sentiment. Intuit Shares Slip After Piper Sandler Initiates Coverage With Street-Low Price Target (INTU)

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.