Wells Fargo & Company Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price target decreased by analysts at Wells Fargo & Company from $880.00 to $840.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s target price points to a potential upside of 26.59% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Friday. Morgan Stanley cut their target price on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Citigroup decreased their price target on Intuit from $815.00 to $803.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, UBS Group decreased their price objective on Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average target price of $795.00.

Intuit Trading Up 4.1%

INTU traded up $26.13 during trading on Friday, reaching $663.57. 1,166,332 shares of the company’s stock were exchanged, compared to its average volume of 1,810,651. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit has a one year low of $532.65 and a one year high of $813.70. The firm has a fifty day moving average price of $665.95 and a two-hundred day moving average price of $706.58. The stock has a market capitalization of $185.01 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts forecast that Intuit will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s 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 completion of the sale, the director owned 14,475 shares in the company, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares in the company, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its stake in Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the period. Wealth Group Ltd. bought a new position in Intuit in the 1st quarter worth approximately $493,000. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter valued at approximately $785,564,000. Finally, Wedbush Securities Inc. raised its position in shares of Intuit by 8.5% during the first quarter. Wedbush Securities Inc. now owns 2,165 shares of the software maker’s stock valued at $1,329,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Company Profile

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.