Analysts Set Intuit Inc. (NASDAQ:INTU) PT at $434.68

Shares of Intuit Inc. (NASDAQ:INTU) have been assigned an average rating of “Hold” from the thirty-one ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $434.6774.

INTU has been the topic of a number of recent research reports. Truist Financial dropped their price target on Intuit from $350.00 to $300.00 and set a “hold” rating on the stock in a research report on Wednesday, August 26th. Daiwa Securities Group lowered their price objective on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Evercore restated an “outperform” rating on shares of Intuit in a research note on Tuesday, August 18th. TD Cowen reaffirmed a “buy” rating on shares of Intuit in a report on Tuesday, August 18th. Finally, BNP Paribas Exane reduced their target price on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st.

Intuit Trading Down 0.4%

Shares of INTU stock opened at $312.77 on Friday. The company has a 50 day moving average of $320.01 and a 200-day moving average of $352.29. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit has a 12-month low of $252.84 and a 12-month high of $705.08. The firm has a market cap of $85.56 billion, a P/E ratio of 18.96, a PEG ratio of 0.90 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. Intuit’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts anticipate that Intuit will post 23.49 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is presently 29.09%.

Insider Buying and Selling at Intuit

In other news, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,760 shares of company stock worth $561,683. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rakuten Investment Management Inc. grew its position in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after acquiring an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after acquiring an additional 471,451 shares during the last quarter. Vestcor Inc boosted its stake in shares of Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after purchasing an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after purchasing an additional 47,148 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Intuit during the 2nd quarter valued at $1,643,000. 83.66% of the stock is currently owned by institutional investors.

Intuit Company Profile

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.