Intuit Inc. (NASDAQ:INTU) Given Average Recommendation of “Moderate Buy” by Brokerages

Intuit Inc. (NASDAQ:INTU) has earned an average rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $798.20.

A number of brokerages recently weighed in on INTU. Evercore ISI reiterated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a report on Tuesday, November 18th. Independent Research set a $875.00 price objective on Intuit in a research note on Tuesday, November 18th. Morgan Stanley lowered their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Citigroup dropped their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, October 12th.

Intuit Price Performance

NASDAQ:INTU opened at $663.08 on Friday. The business’s 50-day moving average is $659.39 and its 200 day moving average is $706.04. Intuit has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a market capitalization of $184.52 billion, a P/E ratio of 45.32, a P/E/G ratio of 2.65 and a beta of 1.27. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

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

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, January 9th. Intuit’s payout ratio is 32.81%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the sale, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,836 shares of company stock worth $1,235,203 over the last ninety days. 2.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% in 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. raised its stake 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 worth $27,000 after buying an additional 21 shares during the period. Dogwood Wealth Management LLC lifted its position 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 buying an additional 19 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in Intuit in the 2nd quarter valued at $28,000. Finally, True Wealth Design LLC increased its holdings in Intuit by 270.0% in 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 in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.