Brokerages Set Intuit Inc. (NASDAQ:INTU) Target Price at $511.35

Intuit Inc. (NASDAQ:INTU) has been given a consensus rating of “Moderate Buy” by the thirty-one analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $498.40.

Several equities research analysts recently commented on INTU shares. Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Intuit in a research report on Thursday, May 21st. UBS Group cut their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Freedom Capital cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st.

Intuit Trading Down 0.5%

INTU opened at $266.40 on Tuesday. The stock has a market capitalization of $72.87 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.98 and a beta of 0.98. Intuit has a 12 month low of $252.84 and a 12 month high of $813.70. The firm’s fifty day simple moving average is $336.49 and its 200 day simple moving average is $443.36. 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 (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts anticipate that Intuit will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.8%. Intuit’s payout ratio is 29.07%.

Insider Activity

In other Intuit news, Director Vasant M. Prabhu purchased 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the transaction, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,084,358.56. This trade represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $348,354 over the last three months. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Joseph Group Capital Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit during the 4th quarter worth about $25,000. HHM Wealth Advisors LLC increased its stake in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the 1st quarter worth about $30,000. Finally, CrossGen Wealth LLC acquired a new position in shares of Intuit during the 1st quarter worth about $32,000. 83.66% of the stock is owned by institutional investors.

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.