KeyCorp Cuts Intuit (NASDAQ:INTU) Price Target to $750.00

Intuit (NASDAQ:INTU) had its target price reduced by KeyCorp from $825.00 to $750.00 in a research report sent to investors on Friday morning,MarketScreener reports. They currently have an overweight rating on the software maker’s stock.

INTU has been the topic of several other research reports. Independent Research set a $875.00 price target on Intuit in a research note on Tuesday, November 18th. BMO Capital Markets reduced their price target on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. Truist Financial started coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. Wolfe Research cut their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Daiwa Capital Markets lifted their target price on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $791.73.

Intuit Price Performance

INTU stock opened at $563.97 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit has a 1 year low of $520.69 and a 1 year high of $813.70. The firm has a 50-day moving average of $637.23 and a 200 day moving average of $675.14. The company has a market cap of $156.94 billion, a P/E ratio of 38.55, a PEG ratio of 2.30 and a beta of 1.25.

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

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a $1.20 dividend. The ex-dividend date was Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.9%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares in the company, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. The trade was a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 388,464 shares of company stock worth $255,514,393. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. lifted its position in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new stake in Intuit in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC raised its stake in Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after acquiring an additional 27 shares during the period. 83.66% of the stock is currently owned by institutional investors.

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.