Wolfe Research Cuts Intuit (NASDAQ:INTU) Price Target to $830.00

Intuit (NASDAQ:INTU) had its price objective decreased by Wolfe Research from $870.00 to $830.00 in a report issued on Monday,MarketScreener reports. Wolfe Research currently has an outperform rating on the software maker’s stock.

Other research analysts have also issued reports about the company. UBS Group dropped their target price on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research note on Friday, November 21st. JPMorgan Chase & Co. cut their price objective on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets reduced their target price on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, Barclays decreased their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $796.60.

Intuit Stock Down 1.3%

Intuit stock opened at $660.78 on Monday. Intuit has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $183.88 billion, a PE ratio of 45.17, a P/E/G ratio of 2.74 and a beta of 1.27. The firm’s 50 day moving average price is $656.92 and its two-hundred day moving average price is $702.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating the consensus estimate of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the company posted $2.50 EPS. Intuit’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, research analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Transactions at Intuit

In other Intuit news, Director Scott D. Cook sold 74,095 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $655.78, for a total transaction of $48,590,019.10. Following the completion of the sale, the director directly owned 5,819,584 shares in the company, valued at $3,816,366,795.52. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 269,799 shares of company stock worth $176,627,160. 2.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its holdings in Intuit by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Intuit in the second quarter worth about $1,733,000. denkapparat Operations GmbH bought a new stake in shares of Intuit in the second quarter valued at approximately $830,000. New York Life Investment Management LLC lifted its stake in shares of Intuit by 1.1% during the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after buying an additional 442 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Intuit by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,608 shares of the software maker’s stock worth $5,205,000 after buying an additional 152 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.