Intuit (NASDAQ:INTU) Given Outperform Rating at Evercore ISI

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating restated by Evercore ISI in a report issued on Tuesday,Benzinga reports. They currently have a $875.00 price target on the software maker’s stock. Evercore ISI’s price target indicates a potential upside of 34.85% from the stock’s previous close.

INTU has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Rothschild & Co Redburn upped their price objective on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a research note on Tuesday, September 2nd. Bank of America decreased their price target on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Oppenheimer raised their price objective on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $795.91.

Intuit Price Performance

INTU stock traded up $2.87 during mid-day trading on Tuesday, reaching $648.85. The company’s stock had a trading volume of 1,271,246 shares, compared to its average volume of 1,808,215. The company’s 50 day moving average is $666.95 and its two-hundred day moving average is $707.34. The stock has a market cap of $180.90 billion, a PE ratio of 47.21, a P/E/G ratio of 2.53 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business earned $1.99 EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts expect that Intuit will post 14.09 EPS for the current year.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC boosted its holdings in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. raised its position in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Intuit in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC grew its position in shares of Intuit by 270.0% during the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.