Intuit’s (INTU) Underweight Rating Reaffirmed at Piper Sandler

Intuit (NASDAQ:INTU)‘s stock had its “underweight” rating reiterated by equities research analysts at Piper Sandler in a report released on Wednesday,Benzinga reports. They presently have a $250.00 price objective on the software maker’s stock. Piper Sandler’s price objective points to a potential downside of 28.66% from the company’s current price.

A number of other analysts have also issued reports on INTU. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. BMO Capital Markets cut their price target on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Citigroup decreased their price objective on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Susquehanna dropped their target price on shares of Intuit from $550.00 to $427.00 and set a “positive” rating for the company in a research report on Monday, July 20th. Twenty investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average price target of $454.65.

Intuit Price Performance

Shares of NASDAQ INTU opened at $350.41 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $719.10. The business has a 50 day moving average price of $294.02 and a two-hundred day moving average price of $361.87. The firm has a market cap of $95.85 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.97.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $11.65 EPS. Sell-side analysts expect that Intuit will post 18.18 earnings per share for the current fiscal year.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares of the company’s stock, valued at $541,992.50. This trade represents a 40.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Several hedge funds have recently made changes to their positions in the stock. Joseph Group Capital Management bought a new stake in Intuit in the fourth quarter valued at $25,000. Fiduciary Financial Advisors acquired a new position in shares of Intuit during the second quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit during the fourth quarter worth about $25,000. Osbon Capital Management LLC bought a new position in shares of Intuit during the second quarter worth about $26,000. Finally, MidFirst Bank bought a new position in shares of Intuit during the second quarter worth about $28,000. 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: Intuit participated in a broad software-sector rebound, with investors treating the stock as a relatively discounted enterprise-software name after its significant decline from the 52-week high. The move appeared driven primarily by sector rotation rather than a new company-specific catalyst. Software Stocks Soar in Rotational Trade
• Positive Sentiment: Recent analyst commentary remains supportive of Intuit’s longer-term growth prospects, highlighting its advanced products, artificial-intelligence initiatives—including Intuit Intelligence Chat—and an estimated nearly $90 billion mid-market opportunity. Analysts also expect earnings growth in the upcoming report, although these are expectations rather than new financial results. Investors Reacting to Intuit’s AI Expansion
• Neutral Sentiment: Mizuho reduced its price target for INTU from $500 to $430 while retaining an “Outperform” rating. The lower target signals more cautious assumptions, but the rating still implies confidence in upside from current levels. Mizuho Lowers Intuit Price Target
• Negative Sentiment: Multiple law firms publicized a securities class action and a September 8 lead-plaintiff deadline. The lawsuit alleges Intuit made misleading statements about TurboTax growth and the strength of its tax-related business, including claims that growth would remain durable before guidance was reduced. The allegations have not been proven, but continued legal publicity raises reputational, financial, and investor-confidence risks. Shareholders Sue Intuit Over TurboTax Claims
• Negative Sentiment: TD Cowen maintained a Hold stance, citing the possibility that Intuit may need to reset growth targets as monetization assumptions become more conservative. This reinforces concerns about pressure on the DIY tax business and the credibility of prior TurboTax growth expectations. Intuit Growth Targets Poised for Reset

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.