Intuit Inc. (NASDAQ:INTU – Get Free Report) Director Vasant Prabhu purchased 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Intuit Stock Up 1.7%
Intuit stock opened at $313.00 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit Inc. has a 1-year low of $300.50 and a 1-year high of $813.70. The company has a market cap of $85.62 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04. The stock’s 50 day moving average price is $392.72 and its 200 day moving average price is $499.68.
Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $11.65 earnings per share. 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, sell-side analysts predict that Intuit Inc. will post 17.6 EPS for the current fiscal year.
Intuit Dividend Announcement
Analyst Ratings Changes
A number of analysts have commented on INTU shares. Daiwa Securities Group decreased their target price on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their target price on Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada decreased their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings raised Intuit from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $525.65.
Check Out Our Latest Stock Report on Intuit
Hedge Funds Weigh In On Intuit
Institutional investors have recently added to or reduced their stakes in the business. Joseph Group Capital Management acquired a new position in Intuit in the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit in the fourth quarter valued at $25,000. MTM Investment Management LLC increased its stake in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Intuit in the third quarter valued at $33,000. Finally, Birchwood Financial Partners Inc. acquired a new position in Intuit in the fourth quarter valued at $33,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Key Intuit News
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Director Vasant Prabhu bought additional INTU shares near current levels, signaling insider confidence after the selloff. SEC Form 4 filing
- Positive Sentiment: Bank of America and other recent analyst commentary remained constructive, citing Intuit’s strong margins, AI tailwinds, and long-term growth runway, even though some price targets were trimmed. Proactive Investors article
- Positive Sentiment: Intuit’s latest earnings beat expectations, with revenue and EPS both ahead of consensus and full-year guidance reaffirming solid profitability. Intuit earnings summary
- Neutral Sentiment: Recent coverage also highlighted investor interest in Intuit, but much of it was broad commentary rather than a new business catalyst. Zacks article
- Negative Sentiment: Multiple law firms launched or promoted investigations into Intuit over alleged pricing issues and potential securities-law violations, adding headline risk and uncertainty. PR Newswire investigation notice
- Negative Sentiment: Recent analyst target cuts from firms including Citi, BMO, Mizuho, and Jefferies suggest the market has become more cautious on near-term upside. MarketBeat analyst coverage
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.
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