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

Intuit Inc. (NASDAQ:INTU) has earned an average rating of “Moderate Buy” from the thirty-two brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $454.6452.

INTU has been the subject of several recent analyst reports. TD Cowen reissued a “buy” rating on shares of Intuit in a report on Tuesday. Bank of America initiated coverage on shares of Intuit in a research note on Wednesday, May 27th. They issued a “buy” rating and a $400.00 price target on the stock. Weiss Ratings lowered Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Truist Financial restated a “hold” rating and issued a $350.00 target price (down from $410.00) on shares of Intuit in a research report on Monday, August 3rd. Finally, Barclays dropped their price target on Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Software-sector rotation supported INTU. A sharp selloff in AI hardware stocks redirected capital toward enterprise software companies, including Intuit, Monday.com and HubSpot. Investors may be reassessing the durability and valuation of software businesses after their recent weakness, although the article cautions that the move could be a short-term trading rotation. Software Stocks Soar in Rotational Trade
• Positive Sentiment: Growth and AI initiatives remain part of the bullish case. Coverage highlighted Intuit’s expansion of AI-native enterprise resource planning tools and the launch of Intuit Intelligence. Analysts and financial commentary also point to growth in advanced products, a potentially large mid-market opportunity and expectations for earnings growth. Intuit’s latest reported quarter included revenue growth of 10.4% year over year and an EPS beat.
• Positive Sentiment: Mizuho retained a favorable view despite reducing its target. Mizuho lowered its price target from $500 to $430 but maintained an “outperform” rating, signaling that the firm still sees meaningful upside after becoming more conservative on valuation or growth assumptions.

Insider Activity at Intuit

In other Intuit news, 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 completion of the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the company’s stock in a transaction dated 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 completion of the purchase, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 1,239 shares of company stock worth $348,354. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

A number of hedge funds have recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new position in shares of Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at $25,000. Pin Oak Investment Advisors Inc. purchased a new stake in Intuit during the 3rd quarter worth about $33,000. Birchwood Financial Partners Inc. acquired a new position in shares of Intuit during the 4th quarter worth about $33,000. Finally, Fiduciary Financial Advisors acquired a new position in shares of Intuit during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit Trading Up 4.4%

Intuit stock opened at $350.41 on Wednesday. The firm has a market cap of $95.85 billion, a PE ratio of 21.22, a P/E/G ratio of 1.09 and a beta of 0.97. Intuit has a 12 month low of $252.84 and a 12 month high of $719.10. The stock’s 50 day simple moving average is $294.02 and its two-hundred day simple moving average is $361.87. 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 (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the company earned $11.65 earnings per share. Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Intuit will post 18.18 earnings per share for the current year.

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.