Intuit’s (INTU) Hold Rating Reiterated at TD Cowen

TD Cowen reissued their hold rating on shares of Intuit (NASDAQ:INTU) in a report released on Friday morning,Benzinga reports. TD Cowen currently has a $346.00 price objective on the software maker’s stock.

A number of other equities analysts also recently weighed in on the stock. Piper Sandler increased their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Truist Financial reduced 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 decreased their price objective 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. Jefferies Financial Group decreased their price target on shares of Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Sunday, August 23rd. Finally, Susquehanna lowered their price objective on Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $431.55.

Intuit Price Performance

Intuit stock opened at $303.19 on Friday. The stock has a market capitalization of $81.02 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.88 and a beta of 0.98. Intuit has a 12-month low of $252.84 and a 12-month high of $705.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s 50-day moving average is $325.51 and its two-hundred day moving average is $349.49.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the business posted $2.75 earnings per share. The company’s revenue 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. Equities analysts predict that Intuit will post 23.01 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is 29.09%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,476 shares of company stock valued at $481,538. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in Intuit by 1.4% during the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after buying an additional 180,069 shares in the last quarter. BlackRock Inc. bought a new position in shares of Intuit in the second quarter worth about $6,851,859,000. Geode Capital Management LLC lifted its position in shares of Intuit by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares in the last quarter. Norges Bank bought a new stake in shares of Intuit during the fourth quarter valued at approximately $3,058,407,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after purchasing an additional 471,451 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit emphasized AI as a central growth driver, targeting faster product development, broader adoption and improved customer acquisition. Management believes AI-enabled features and higher-value services can support future revenue and earnings growth. INTU Doubles Down on AI: Can Intelligence Drive the Next Growth Wave?
• Positive Sentiment: The company introduced QuickBooks Free and Lite offerings to expand its small-business funnel. The strategy could increase customer adoption and create additional opportunities to monetize payments and premium services over time. Intuit Launches QuickBooks Free
• Positive Sentiment: Several analysts maintained constructive views: Mizuho reiterated an Outperform rating with a $430 target, while RBC kept an Outperform rating with a $385 target. TD Cowen also maintained its $346 target, indicating some analysts see meaningful upside after the selloff.
• Neutral Sentiment: At its investor day, Intuit reaffirmed first-quarter and fiscal 2027 guidance rather than raising expectations. Maintaining the outlook supports visibility, but the lack of an upgrade may have disappointed investors seeking stronger near-term growth signals. Intuit Hosts Investor Day
• Negative Sentiment: Analysts highlighted slower core growth, customer-acquisition challenges and elevated investment needs. Bank of America maintained a Hold rating and a $360 target, while Truist and Stifel kept Hold ratings with $300 targets, reflecting uncertainty over the pace and payoff of Intuit’s initiatives.
• Negative Sentiment: Investors remain concerned about TurboTax market-share pressure and slowing QuickBooks Online customer growth. Although free products may widen the funnel, they could also weigh on near-term monetization as Intuit invests to attract users.

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.