Intuit (NASDAQ:INTU) Earns Peer Perform Rating from Wolfe Research

Intuit (NASDAQ:INTU)‘s stock had its “peer perform” rating restated by Wolfe Research in a research report issued to clients and investors on Wednesday, MarketBeat reports.

INTU has been the subject of a number of other reports. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Jefferies Financial Group reduced their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Sunday. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Oppenheimer decreased their price target on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $433.45.

Intuit Stock Down 3.7%

Intuit stock traded down $13.22 during midday trading on Wednesday, reaching $344.24. The stock had a trading volume of 8,111,320 shares, compared to its average volume of 4,376,035. 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 $705.08. The company has a fifty day moving average price of $302.38 and a two-hundred day moving average price of $357.99. The company has a market capitalization of $94.16 billion, a P/E ratio of 20.85, a PEG ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities analysts expect that Intuit will post 18.19 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTU. XXEC Inc. bought a new position in Intuit during the second quarter valued at approximately $436,740,000. California State Teachers Retirement System increased its position in Intuit by 25,506.0% during the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock valued at $28,277,368,000 after acquiring an additional 107,919,292 shares during the last quarter. BlackRock Inc. bought a new position in Intuit in the second quarter valued at about $6,851,859,000. Corient Private Wealth LP purchased a new position in Intuit in the second quarter worth about $40,545,000. Finally, Norges Bank purchased a new position in Intuit in the fourth quarter worth about $3,058,407,000. 83.66% of the stock is owned by institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit exceeded fourth-quarter expectations, reporting adjusted EPS of $4.03 versus a $3.58 consensus estimate and revenue of $4.35 billion versus $4.27 billion. Revenue increased 13.7% year over year, while Credit Karma revenue rose 16% and Global Business Solutions revenue climbed 14%. Intuit fourth-quarter earnings report
• Positive Sentiment: The board approved a 15% increase in the quarterly dividend to $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder-return support. Intuit dividend announcement
• Neutral Sentiment: Management described fiscal 2027 as a strategic “reset to reaccelerate,” prioritizing customer acquisition, market-share gains and broader access to QuickBooks. The plan includes revisiting TurboTax pricing and increasing investment, which could support longer-term growth but weighs on near-term financial results. Intuit strategic reset article
• Neutral Sentiment: Intuit said 75% of enterprise customers use its AI agents monthly, highlighting adoption of Intuit Intelligence. However, investors remain concerned that AI competition could pressure TurboTax and eventually QuickBooks. Intuit AI customer adoption article
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies roughly 9% to 10% growth, below analyst expectations and down from fiscal 2026’s 14% growth. Adjusted EPS guidance of $22.88 to $23.12 also trails consensus near $26.04. Reuters Intuit forecast article
• Negative Sentiment: Management acknowledged that pricing is driving some customers away from TurboTax and that lower-cost offerings may reduce revenue in the near term. Mailchimp is also being separated as a segment with expectations for little or no growth, adding to concerns about the company’s growth trajectory. MarketWatch TurboTax pricing article
• Negative Sentiment: Analysts responded by lowering targets or ratings: Truist moved to Hold with a $300 target, JPMorgan reaffirmed Neutral at $331, and Bank of America downgraded the stock to Neutral. Several investor-rights firms also publicized securities class-action claims involving alleged TurboTax risk disclosures, creating an additional overhang. Analyst revisions for Intuit

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.