Intuit (NASDAQ:INTU) Shares Gap Up Following Earnings Beat

Intuit Inc. (NASDAQ:INTU)’s stock price gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $637.44, but opened at $669.60. Intuit shares last traded at $660.5540, with a volume of 1,113,438 shares trading hands.

The software maker reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTU. Royal Bank Of Canada restated an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research report on Friday. Morgan Stanley reduced their target price on Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Citigroup lowered their target price on shares of Intuit from $815.00 to $803.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. JPMorgan Chase & Co. reduced their price target on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, KeyCorp decreased their price target on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $795.00.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the sale, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott D. Cook sold 529 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,407 shares of company stock worth $1,614,913. Corporate insiders own 2.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in INTU. KMG Fiduciary Partners LLC boosted its stake in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock worth $607,000 after buying an additional 14 shares during the last quarter. Pinnacle Bancorp Inc. boosted its position in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock valued at $296,000 after purchasing an additional 14 shares during the last quarter. Weaver Capital Management LLC boosted its position in Intuit by 1.3% during the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock valued at $888,000 after purchasing an additional 14 shares during the last quarter. May Hill Capital LLC grew its stake in Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after purchasing an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists increased its position in shares of Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Trading Up 4.4%

The company has a market cap of $185.54 billion, a P/E ratio of 48.29, a PEG ratio of 2.53 and a beta of 1.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $665.95 and a 200-day moving average price of $706.58.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.