Intuit (NASDAQ:INTU) Price Target Raised to $290.00

Intuit (NASDAQ:INTU) had its price target lifted by Piper Sandler from $250.00 to $290.00 in a report issued on Wednesday, MarketBeat.com reports. They currently have an underweight rating on the software maker’s stock.

Other analysts also recently issued research reports about the company. Morgan Stanley downgraded Intuit from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $580.00 to $335.00 in a research note on Tuesday, July 21st. Weiss Ratings cut Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. BNP Paribas Exane cut their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. HSBC reduced their price target on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Intuit in a research report on Tuesday, August 18th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $434.68.

Intuit Stock Performance

Shares of INTU opened at $358.06 on Wednesday. The company has a 50-day simple moving average of $307.36 and a two-hundred day simple moving average of $356.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The firm has a market capitalization of $97.94 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97. Intuit has a one year low of $252.84 and a one year high of $705.08.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the firm earned $2.75 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. 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, analysts anticipate that Intuit will post 23 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a yield of 1.5%. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is 29.09%.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 284 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,146 shares of company stock valued at $662,666. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi lifted its position in Intuit by 36.2% during the second quarter. Amundi now owns 2,128,372 shares of the software maker’s stock valued at $555,505,000 after purchasing an additional 565,214 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Intuit in the second quarter worth approximately $48,050,000. California State Teachers Retirement System grew its position in Intuit by 25,506.0% in the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock worth $28,277,368,000 after purchasing an additional 107,919,292 shares during the period. Studio Investment Management LLC grew its position in Intuit by 62.4% in the 2nd quarter. Studio Investment Management LLC now owns 794 shares of the software maker’s stock worth $207,000 after purchasing an additional 305 shares during the period. Finally, Wedmont Private Capital raised its stake in Intuit by 90.5% during the 2nd quarter. Wedmont Private Capital now owns 6,696 shares of the software maker’s stock valued at $1,841,000 after buying an additional 3,181 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management’s planned strategy to reduce initial revenue per TurboTax do-it-yourself customer could help restore customer volume and support longer-term growth. The approach suggests the weakness is a strategic reset focused on winning back users rather than an immediate deterioration in the overall business. Intuit is Lowering TurboTax Revenue per User to Win Customers
• Positive Sentiment: Analysts and investors continue to point to Intuit’s mid-market expansion, artificial-intelligence adoption and substantial share repurchases as potential offsets to slower consumer-tax growth. One analysis characterized the earnings reset as a pivot rather than a breakdown in the company’s fundamentals. Intuit’s Earnings Reset May Be More Pivot Than Plunge
• Neutral Sentiment: Intuit is reorganizing its reporting structure, with Mailchimp becoming a separate reportable segment beginning in fiscal 2027. This may improve transparency around the company’s different growth engines but does not by itself change financial performance. Mailchimp Becomes a Separate Operating Segment
• Negative Sentiment: TurboTax underperformance and competitive pricing pressure remain the primary concerns. Fiscal 2027 revenue growth is expected at only 9% to 10%, with TurboTax growth projected at 2% to 3%; near-term revenue guidance also trailed analyst estimates. Intuit’s Real Problem Is Not on Its Income Statement
• Negative Sentiment: Several firms lowered their ratings or price targets, including downgrades from Bank of America, JPMorgan and Wolfe Research and target reductions from Oppenheimer and Truist. The analyst actions reflect concern that the slower-growth outlook warrants a lower valuation.
• Negative Sentiment: Multiple law firms publicized securities-fraud class-action deadlines for September 8, alleging that Intuit misrepresented the strength of its tax-related business. These announcements add reputational and potential legal overhang, although the allegations have not been proven.

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.