Analysts Set Intuit Inc. (NASDAQ:INTU) Price Target at $434.68

Shares of Intuit Inc. (NASDAQ:INTU) have earned an average recommendation of “Hold” from the thirty-one ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $430.9677.

Several research firms have recently issued reports on INTU. Piper Sandler raised their price objective on Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Truist Financial lowered their price target on Intuit from $350.00 to $300.00 and set a “hold” rating for the company in a research report on Wednesday, August 26th. Northcoast Research dropped their price objective on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. The Goldman Sachs Group boosted their price objective on shares of Intuit from $276.00 to $304.00 and gave the company a “sell” rating in a research report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price 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 Stock Performance

Shares of NASDAQ:INTU opened at $321.57 on Friday. Intuit has a 52 week low of $252.84 and a 52 week high of $705.08. The stock has a market capitalization of $85.94 billion, a P/E ratio of 19.49, a PEG ratio of 0.92 and a beta of 0.98. The firm has a fifty day simple moving average of $320.93 and a two-hundred day simple moving average of $352.07. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm 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 company earned $2.75 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. 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 expect that Intuit will post 23.49 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 33.45%.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and set a $385 price target, implying meaningful upside from recent trading levels. The endorsement supports the view that Intuit’s valuation does not fully reflect its long-term growth opportunities.
• Positive Sentiment: Intuit’s CFO outlined plans to build an “end-to-end consumer platform” spanning tax, personal finance, credit and other financial-management services. Greater integration across TurboTax, Credit Karma and related products could increase customer engagement, cross-selling and recurring revenue. Intuit CFO outlines consumer platform strategy
• Positive Sentiment: A review of Intuit’s latest quarterly results highlighted its earnings beat and double-digit revenue growth, reinforcing the company’s strong fundamental performance relative to parts of the finance and human-resources software sector. Intuit Q2 earnings review
• Neutral Sentiment: Director Richard Dalzell sold 285 shares worth approximately $92,728 under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his ownership by 2.41%, but its planned nature limits its value as a signal about management’s current outlook. Intuit insider transaction filing
• Negative Sentiment: A tax-policy analysis criticized Intuit for reportedly paying no federal corporate income tax, potentially renewing reputational and regulatory concerns surrounding TurboTax and the tax-preparation industry. The report is unlikely to affect near-term earnings but may add headline risk. ITEP analysis of Intuit’s federal taxes

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents 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 this link. 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 that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,760 shares of company stock worth $561,683 over the last three months. 2.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuit

A number of large investors have recently bought and sold shares of the business. XXEC Inc. purchased a new stake in shares of Intuit during the second quarter valued at $436,740,000. California State Teachers Retirement System grew its holdings in shares of Intuit by 25,506.0% in the second 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 last quarter. BlackRock Inc. purchased a new position in Intuit in the 2nd quarter worth about $6,851,859,000. State Street Corp increased its stake in Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after buying an additional 180,069 shares during the period. Finally, Corient Private Wealth LP bought a new stake in Intuit during the 2nd quarter valued at about $40,545,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

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