Intuit Inc. (NASDAQ:INTU) Stock Has Consensus Price Target of $431.55 According to Analysts

Intuit Inc. (NASDAQ:INTU) has been given an average rating of “Hold” by the thirty-one brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $431.55.

A number of equities research analysts have issued reports on INTU shares. Mizuho reiterated an “outperform” rating and set a $430.00 price objective on shares of Intuit in a research note on Friday, September 18th. The Goldman Sachs Group restated a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. Citigroup cut their target price on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Bank of America downgraded Intuit from a “buy” rating to a “neutral” rating and set a $360.00 target price for the company. in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th.

Intuit Trading Up 1.3%

Shares of NASDAQ:INTU opened at $284.68 on Thursday. The business’s 50 day simple moving average is $323.72 and its 200 day simple moving average is $336.26. Intuit has a 1 year low of $252.84 and a 1 year high of $689.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $76.08 billion, a P/E ratio of 17.25, a P/E/G ratio of 0.82 and a beta of 1.01.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts anticipate that Intuit will post 23.01 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be given a $1.38 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio (DPR) is 29.09%.

Insider Buying and Selling

In other Intuit news, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

A number of hedge funds have recently made changes to their positions in INTU. Verus Capital Partners LLC boosted its stake in Intuit by 5.2% during the 4th quarter. Verus Capital Partners LLC now owns 506 shares of the software maker’s stock worth $335,000 after purchasing an additional 25 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake in shares of Intuit by 10.3% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock valued at $115,000 after buying an additional 25 shares during the period. Prentice Wealth Management LLC grew its position in Intuit by 3.1% in the first quarter. Prentice Wealth Management LLC now owns 876 shares of the software maker’s stock worth $379,000 after acquiring an additional 26 shares during the period. Elgethun Capital Management grew its holdings in shares of Intuit by 5.5% during the 4th quarter. Elgethun Capital Management now owns 534 shares of the software maker’s stock worth $354,000 after purchasing an additional 28 shares during the period. Finally, Powell Investment Advisors LLC boosted its stake in Intuit by 5.4% during the first quarter. Powell Investment Advisors LLC now owns 551 shares of the software maker’s stock worth $238,000 after buying an additional 28 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.