Intuit Inc. (NASDAQ:INTU) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Intuit Inc. (NASDAQ:INTU) have received an average recommendation of “Moderate Buy” from the thirty-two ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $511.3548.

A number of brokerages have commented on INTU. Susquehanna reduced their price objective on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research report on Friday, May 22nd. Wall Street Zen downgraded Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Guggenheim set a $633.00 target price on Intuit in a research report on Monday, March 16th. Finally, UBS Group cut their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st.

Insider Activity

In other news, Director Vasant M. Prabhu purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 955 shares of company stock valued at $273,855 over the last three months. 2.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuit

Institutional investors have recently bought and sold shares of the business. Joseph Group Capital Management bought a new position in Intuit in the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit in the 4th quarter valued at $25,000. Pin Oak Investment Advisors Inc. bought a new position in Intuit in the 3rd quarter valued at $33,000. Birchwood Financial Partners Inc. bought a new position in Intuit in the 4th quarter valued at $33,000. Finally, Barnes Dennig Private Wealth Management LLC raised its position in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

Shares of INTU stock opened at $257.77 on Tuesday. The stock has a 50 day moving average of $347.59 and a two-hundred day moving average of $457.36. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit has a 12 month low of $252.84 and a 12 month high of $813.70. The company has a market capitalization of $70.51 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.98 and a beta of 0.98.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter last year, the company earned $11.65 EPS. The company’s quarterly 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 expect that Intuit will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

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.