Intuit Inc. (NASDAQ:INTU) Receives $490.39 Consensus Target Price from Analysts

Shares of Intuit Inc. (NASDAQ:INTU) have received an average recommendation of “Moderate Buy” from the thirty-two research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $486.4194.

Several analysts have recently commented on INTU shares. Argus decreased their target price on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Royal Bank Of Canada reduced their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Susquehanna decreased their price objective on Intuit from $550.00 to $427.00 and set a “positive” rating for the company in a research report on Monday. HSBC lowered their target price on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Finally, Wells Fargo & Company dropped their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st.

Intuit Price Performance

INTU stock opened at $293.82 on Friday. Intuit has a one year low of $252.84 and a one year high of $813.70. The firm has a 50-day moving average of $301.21 and a two-hundred day moving average of $402.03. The firm has a market capitalization of $80.37 billion, a PE ratio of 17.80, a P/E/G ratio of 1.07 and a beta of 1.00. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the business earned $11.65 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, analysts forecast that Intuit will post 18.18 earnings per share for the current year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, July 9th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio is currently 29.07%.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Negative Sentiment: Several law firms issued fresh reminders about the pending class action and September 8 lead plaintiff deadline, highlighting ongoing litigation risk for Intuit investors. Article Title
• Negative Sentiment: New notices from Faruqi & Faruqi, Glancy Prongay Wolke & Rotter, Levi & Korsinsky, Robbins LLP, and BFA Law reinforce that a securities fraud lawsuit has already been filed against Intuit. Article Title
• Negative Sentiment: One report says Intuit was accused of misrepresentations about pricing issues, adding to the legal overhang that may pressure the stock. Article Title
• Neutral Sentiment: Analyst commentary noted TurboTax Live is performing well, while Intuit also plans to revamp DIY tax products with simpler offerings, better pricing, and expanded financial services to regain cost-conscious filers. Article Title
• Neutral Sentiment: Susquehanna cut its price target on Intuit to $427 from $550 but kept a positive rating, which signals some caution but still implies upside from current levels.
• Positive Sentiment: Several articles framed the recent decline in Intuit (INTU) as potentially overdone, suggesting some investors see the pullback as a buying opportunity. Article Title

Insider Activity at Intuit

In other news, Director Vasant M. Prabhu purchased 1,250 shares of Intuit stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares in the company, valued at $386,812.50. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INTU. Joseph Group Capital Management acquired a new position in Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit during the 4th quarter worth about $25,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Intuit during the 3rd quarter valued at about $33,000. Birchwood Financial Partners Inc. bought a new position in shares of Intuit in the 4th quarter valued at approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in shares of Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

About Intuit

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.