Intuit (NASDAQ:INTU – Get Free Report) had its price target reduced by equities research analysts at Argus from $580.00 to $480.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the software maker’s stock. Argus’ price objective suggests a potential upside of 55.09% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Oppenheimer reduced their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank set a $575.00 target price on shares of Intuit in a research note on Friday, March 6th. Mizuho cut their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, KeyCorp decreased their price objective on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday. Twenty-five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $555.00.
Read Our Latest Stock Analysis on Intuit
Intuit Trading Up 0.8%
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the prior year, the firm posted $11.65 EPS. 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. As a group, sell-side analysts expect that Intuit will post 17.44 EPS for the current fiscal year.
Insider Activity at Intuit
In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.
Hedge Funds Weigh In On Intuit
A number of large investors have recently bought and sold shares of the business. GW&K Investment Management LLC increased its holdings in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after acquiring an additional 16 shares during the period. Cannell & Spears LLC raised its position in shares of Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after acquiring an additional 16 shares in the last quarter. Betterment LLC lifted its stake in shares of Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock worth $532,000 after purchasing an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in Intuit by 4.7% during the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after purchasing an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. boosted its position in Intuit by 0.4% during the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.
Intuit News Summary
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit beat fiscal Q3 EPS and revenue estimates and raised full-year guidance, showing the core business remains healthy. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
- Positive Sentiment: The company announced a larger share repurchase authorization and increased its dividend, signaling confidence in cash flow and shareholder returns.
- Neutral Sentiment: Management says the 17% workforce reduction is part of a broader restructuring to flatten the organization and reallocate spending toward AI and “big bets.” Intuit CEO says company’s 17% workforce cut had ‘nothing to do with AI’
- Neutral Sentiment: Intuit’s quarterly report also included strong revenue growth, but the market is waiting to see whether the AI pivot can offset execution risk from the reorganization.
- Negative Sentiment: The layoffs, restructuring charges of $300 million to $340 million, and softer TurboTax outlook have overshadowed the earnings beat and pressured sentiment. Intuit boosts annual forecasts, to cut 17% of global staff
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.
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