Intuit (NASDAQ:INTU) Given New $430.00 Price Target at Mizuho

Intuit (NASDAQ:INTU) had its price target cut by equities research analysts at Mizuho from $500.00 to $430.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Mizuho’s price objective suggests a potential upside of 24.40% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Citigroup dropped their target price on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group cut their price objective on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. HSBC dropped their price target on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Argus reduced their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, BMO Capital Markets dropped their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $454.65.

Intuit Stock Performance

INTU stock opened at $345.66 on Monday. Intuit has a one year low of $252.84 and a one year high of $721.54. The firm has a market cap of $94.55 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a 50-day simple moving average of $292.28 and a two-hundred day simple moving average of $364.67.

Intuit (NASDAQ:INTU) last released its quarterly earnings results 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 net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company 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, equities analysts forecast that Intuit will post 18.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu purchased 500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. The trade was a 40.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last ninety days. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of institutional investors have recently added to or reduced their stakes in the stock. Betterment LLC lifted its holdings in shares of Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC grew its holdings in shares of Intuit by 2.7% during the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after buying an additional 18 shares in the last quarter. Quadcap Wealth Management LLC grew its holdings in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after buying an additional 18 shares in the last quarter. United Asset Strategies Inc. raised its position in Intuit by 1.0% during the fourth quarter. United Asset Strategies Inc. now owns 2,036 shares of the software maker’s stock valued at $1,349,000 after buying an additional 20 shares during the period. Finally, Sage Private Wealth Group LLC lifted its stake in Intuit by 2.8% in the 4th quarter. Sage Private Wealth Group LLC now owns 802 shares of the software maker’s stock worth $531,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors 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.