Intuit (NASDAQ:INTU – Get Free Report) had its price target dropped by equities research analysts at Mizuho from $500.00 to $430.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Mizuho’s price target would suggest a potential upside of 24.40% from the company’s previous close.
Several other analysts have also weighed in on INTU. Morgan Stanley lowered Intuit from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $580.00 to $335.00 in a report on Tuesday, July 21st. Evercore dropped their price objective on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. HSBC cut their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Rothschild & Co Redburn lowered their target price on shares of Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, June 2nd. Finally, Bank of America initiated coverage on shares of Intuit in a research note on Wednesday, May 27th. They set a “buy” rating and a $400.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and an average target price of $454.65.
Read Our Latest Research Report on Intuit
Intuit Price Performance
Intuit (NASDAQ:INTU – Get Free Report) 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 company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 earnings per share. Intuit’s revenue was up 10.4% on a year-over-year basis. 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, equities analysts predict that Intuit will post 18.18 EPS for the current fiscal year.
Insider Transactions at Intuit
In related news, Director Vasant M. Prabhu acquired 1,250 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director directly owned 1,250 shares in the company, valued at approximately $386,812.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,239 shares of company stock worth $348,354. Company insiders own 2.49% of the company’s stock.
Institutional Trading of Intuit
A number of large investors have recently modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of Intuit during the 4th quarter worth $25,000. Fiduciary Financial Advisors bought a new position in Intuit during the 2nd quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit during the 4th quarter valued at about $25,000. Osbon Capital Management LLC purchased a new stake in shares of Intuit in the 2nd quarter worth approximately $26,000. Finally, MidFirst Bank bought a new position in shares of Intuit during the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.
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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