Intuit’s (INTU) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $850.00 price target on the software maker’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 26.68% from the stock’s current price.

Other analysts also recently issued research reports about the stock. KeyCorp cut their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. UBS Group cut their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn upped their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Bank of America cut their target price on Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Barclays lowered their price objective on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $796.74.

Intuit Stock Performance

NASDAQ INTU opened at $670.99 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a market cap of $187.08 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The stock’s 50 day simple moving average is $665.95 and its 200-day simple moving average is $706.58.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts anticipate that Intuit will post 14.09 EPS for the current fiscal year.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction 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 represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,407 shares of company stock valued at $1,614,913 over the last quarter. Insiders own 2.68% of the company’s stock.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently bought and sold shares of the business. Achmea Investment Management B.V. raised its stake in Intuit by 1.0% during the third quarter. Achmea Investment Management B.V. now owns 42,311 shares of the software maker’s stock valued at $28,894,000 after buying an additional 419 shares in the last quarter. Oarsman Capital Inc. increased its position in Intuit by 1.8% in the 3rd quarter. Oarsman Capital Inc. now owns 2,031 shares of the software maker’s stock valued at $1,387,000 after acquiring an additional 35 shares during the period. Ariadne Wealth Management LP increased its holdings in shares of Intuit by 3.5% during the third quarter. Ariadne Wealth Management LP now owns 897 shares of the software maker’s stock valued at $583,000 after purchasing an additional 30 shares during the period. Centaurus Financial Inc. raised its stake in shares of Intuit by 23.3% during the third quarter. Centaurus Financial Inc. now owns 180 shares of the software maker’s stock valued at $123,000 after purchasing an additional 34 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Intuit by 9.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 26,992 shares of the software maker’s stock worth $18,433,000 after acquiring an additional 2,352 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

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.