Erste Group Bank Upgrades Intuit (NASDAQ:INTU) to Hold

Intuit (NASDAQ:INTU) was upgraded by analysts at Erste Group Bank to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Daiwa Securities Group reduced their price objective on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. JPMorgan Chase & Co. reduced their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Wells Fargo & Company dropped their target price on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. Mizuho dropped their target price on Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings lowered Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $636.10.

Intuit Price Performance

Shares of NASDAQ INTU opened at $400.42 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit has a twelve month low of $342.11 and a twelve month high of $813.70. The stock has a 50 day moving average of $414.59 and a two-hundred day moving average of $541.41. The stock has a market cap of $110.73 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.57 and a beta of 1.21.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the business earned $3.32 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit will post 17.44 earnings per share for the current year.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

A number of institutional investors have recently bought and sold shares of the company. BetterWealth LLC boosted its position in Intuit by 3.8% during the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after purchasing an additional 15 shares in the last quarter. Sachetta LLC boosted its position in Intuit by 23.8% during the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after purchasing an additional 15 shares in the last quarter. PUREfi Wealth LLC boosted its position in Intuit by 4.5% during the third quarter. PUREfi Wealth LLC now owns 369 shares of the software maker’s stock worth $252,000 after purchasing an additional 16 shares in the last quarter. GW&K Investment Management LLC boosted its position in Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock worth $138,000 after purchasing an additional 16 shares in the last quarter. Finally, Cannell & Spears LLC boosted its position in Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after purchasing an additional 16 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: FedNow certification and TurboTax mix shift improve monetization and product stickiness — Intuit completed FedNow certification and is leaning into higher?priced TurboTax upsells, boosting real?time payments for SMBs and cross?sell opportunities across its platform. How TurboTax Upselling and FedNow Integration At Intuit (INTU) Has Changed Its Investment Story
• Positive Sentiment: Joining the Federal Reserve’s instant payments network expands payments roadmap — membership in the Fed’s instant payments network strengthens Intuit’s cash?flow and payment services for small businesses, supporting recurring revenue and payment?fee opportunities. Intuit (INTU) Just Joined the Fed’s Instant Payments Network
• Positive Sentiment: Analysts and screens point to accelerating earnings — coverage by Zacks and other outlets flags Intuit among companies with accelerating earnings, reinforcing expectations that recent revenue and margin trends can support further upside. Intuit vs. BILL Holdings: Which Fintech Stock is the Better Buy?
• Positive Sentiment: Analyst upgrades and ETF inflows provide directional support — recent analyst upgrades and broader ETF inflows into tech/fintech names have helped demand for INTU shares. Analysts upgrade Intuit, Qualcomm as ETF inflows hit record pace
• Neutral Sentiment: Comparative fintech takes: INTU vs BILL — recent pieces compare Intuit’s AI, payments and SMB platform strategy with BILL Holdings; the analysis highlights strengths but underscores different product/customer mixes, so competitive implications are nuanced. Intuit vs. BILL Holdings: Which Fintech Stock is the Better Buy?
• Neutral Sentiment: Leadership reshuffle in Small Business & Mid?Market — Intuit announced changes in the SMB/mid?market leadership team; execution risk is manageable but worth monitoring for continuity on product and go?to?market initiatives. Intuit Reshapes Leadership of Small Business and Mid-Market
• Neutral Sentiment: Short?term market reaction coverage — several outlets noted the stock’s intraday advance versus a weaker market; this reflects headlines and flows rather than new fundamental guidance. Intuit (INTU) Advances While Market Declines: Some Information for Investors

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.