TD Cowen Reaffirms “Hold” Rating for Intuit (NASDAQ:INTU)

Intuit (NASDAQ:INTU)‘s stock had its “hold” rating restated by analysts at TD Cowen in a report released on Friday, September 18th, Benzinga reports. They currently have a $346.00 price objective on the software maker’s stock. TD Cowen’s price target indicates a potential upside of 25.46% from the stock’s current price.

Several other equities analysts have also recently commented on the company. KeyCorp set a $400.00 price target on Intuit in a report on Wednesday, August 26th. BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a report on Wednesday, August 26th. Barclays dropped their target price on Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a report on Wednesday, August 26th. Morgan Stanley dropped their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, August 26th. Finally, UBS Group reissued a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $431.55.

Intuit Stock Performance

Intuit stock traded down $1.34 during trading hours on Friday, hitting $275.79. The stock had a trading volume of 3,397,804 shares, compared to its average volume of 4,314,089. The company has a 50-day moving average of $325.79 and a two-hundred day moving average of $344.83. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a market cap of $73.70 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $703.96.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts anticipate that Intuit will post 23.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 285 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. 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. 2.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

A number of large investors have recently bought and sold shares of the business. Rench Wealth Management Inc. grew its position in Intuit by 93.9% during the 2nd quarter. Rench Wealth Management Inc. now owns 16,451 shares of the software maker’s stock worth $4,294,000 after acquiring an additional 7,966 shares during the last quarter. Capstone Financial Advisors Inc. boosted its position in Intuit by 91.2% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,048 shares of the software maker’s stock valued at $274,000 after buying an additional 500 shares during the last quarter. National Pension Service boosted its position in Intuit by 8.6% in the 2nd quarter. National Pension Service now owns 700,231 shares of the software maker’s stock valued at $182,760,000 after buying an additional 55,375 shares during the last quarter. Triad Investment Management boosted its position in Intuit by 39.4% in the 2nd quarter. Triad Investment Management now owns 8,559 shares of the software maker’s stock valued at $2,234,000 after buying an additional 2,421 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in Intuit by 2,259.7% in the 2nd quarter. Engineers Gate Manager LP now owns 19,515 shares of the software maker’s stock valued at $5,093,000 after buying an additional 18,688 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.