Intuit (NASDAQ:INTU) Earns Outperform Rating from Royal Bank Of Canada

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a report released on Friday, Benzinga reports. They currently have a $385.00 price objective on the software maker’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 21.25% from the company’s previous close.

Several other brokerages also recently issued reports on INTU. Stifel Nicolaus set a $300.00 price target on shares of Intuit in a report on Wednesday, August 26th. HSBC dropped their price objective on shares of Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Evercore restated an “outperform” rating on shares of Intuit in a research report on Tuesday, August 18th. BNP Paribas Exane dropped their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, Morgan Stanley cut their price target on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit has an average rating of “Hold” and a consensus target price of $430.97.

Intuit Trading Up 1.5%

Shares of NASDAQ INTU opened at $317.53 on Friday. The company has a market cap of $86.86 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 0.90 and a beta of 0.98. Intuit has a 12-month low of $252.84 and a 12-month high of $705.08. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $320.01 and its 200 day simple moving average is $352.29.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities research analysts expect that Intuit will post 23.49 EPS for the current year.

Insider Transactions at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were 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 directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 285 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This trade represents a 2.41% 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 sold a total of 1,760 shares of company stock valued at $561,683 in the last quarter. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new stake in shares of Intuit in the 2nd quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the fourth quarter valued at about $25,000. Osbon Capital Management LLC acquired a new position in Intuit during the second quarter worth about $26,000. MidFirst Bank bought a new stake in Intuit in the second quarter worth about $28,000. Finally, HHM Wealth Advisors LLC lifted its holdings in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.