Intuit (NASDAQ:INTU) Given New $500.00 Price Target at Daiwa Securities Group

Intuit (NASDAQ:INTU) had its price objective reduced by equities researchers at Daiwa Securities Group from $640.00 to $500.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the software maker’s stock. Daiwa Securities Group’s target price would indicate a potential upside of 60.39% from the stock’s current price.

Several other equities analysts have also recently weighed in on INTU. Barclays dropped their price target on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Oppenheimer cut their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Evercore lowered their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Wolfe Research reiterated an “outperform” rating and issued a $400.00 target price on shares of Intuit in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reduced their target price on Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Twenty-four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $525.65.

Intuit Stock Up 2.4%

Shares of INTU traded up $7.39 during trading hours on Wednesday, reaching $311.74. The stock had a trading volume of 4,201,537 shares, compared to its average volume of 3,995,564. The firm has a 50-day simple moving average of $398.54 and a 200 day simple moving average of $504.48. Intuit has a 12 month low of $300.50 and a 12 month high of $813.70. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $85.27 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.24 and a beta of 1.04.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the business posted $11.65 EPS. Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts predict that Intuit will post 17.49 earnings per share for the current fiscal year.

Insider Activity at Intuit

In other news, Director Vasant M. Prabhu acquired 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at approximately $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuit

Several large investors have recently modified their holdings of the business. Joseph Group Capital Management purchased a new stake in shares of Intuit during the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit in the 4th quarter valued at approximately $25,000. MTM Investment Management LLC raised its holdings in Intuit by 135.0% during the 3rd 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 during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the third quarter worth $33,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Intuit in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America initiated coverage on Intuit with a Buy rating and a $400 price target, signaling Wall Street still sees meaningful upside from current levels.
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares in two recent transactions, a notable insider vote of confidence after the stock’s drop.
• Positive Sentiment: Several recent analyst pieces remained constructive on Intuit’s long-term case, citing strong TurboTax demand, growth in TurboTax Live, and Intuit’s broader push into AI-powered financial tools.
• Neutral Sentiment: Intuit’s latest earnings were solid overall, with revenue and EPS slightly beating estimates and full-year guidance raised, but that has been overshadowed by the market’s reaction to pricing concerns.
• Negative Sentiment: Multiple law firms have launched or promoted securities-fraud investigations into Intuit over alleged misstatements about TurboTax pricing, keeping legal overhang front and center. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed a notice for mass layoffs in California and Nevada, reinforcing investor concerns that the company is restructuring aggressively as it shifts toward AI. AOL article

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.