Intuit (NASDAQ:INTU) Price Target Raised to $800.00

Intuit (NASDAQ:INTU) had its price objective lifted by Daiwa Capital Markets from $770.00 to $800.00 in a report published on Wednesday morning,MarketScreener reports. The brokerage currently has a buy rating on the software maker’s stock.

A number of other research firms have also issued reports on INTU. Wells Fargo & Company decreased their target price on Intuit from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Friday, November 21st. Morgan Stanley reduced their price target on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Independent Research set a $875.00 price objective on Intuit in a research report on Tuesday, November 18th. Citigroup cut their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Bank of America decreased their price target on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Trading Up 0.8%

Shares of INTU stock opened at $633.94 on Wednesday. Intuit has a fifty-two week low of $532.65 and a fifty-two week high of $813.70. The company has a 50 day moving average price of $663.60 and a 200 day moving average price of $706.48. The stock has a market capitalization of $176.49 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.8%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,836 shares of company stock valued at $1,235,203 over the last three months. Company insiders own 2.68% of the company’s stock.

Hedge Funds Weigh In On Intuit

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Intuit in the second quarter valued at $3,268,830,000. Nuveen LLC purchased a new position in shares of Intuit during the first quarter worth about $882,031,000. Alliancebernstein L.P. increased its position in Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter valued at approximately $785,564,000. Finally, Winslow Capital Management LLC acquired a new stake in Intuit during the 2nd quarter worth approximately $782,677,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Company Profile

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.