Intuit (NASDAQ:INTU) Receives “Hold” Rating from Stifel Nicolaus

Intuit (NASDAQ:INTU)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a note issued to investors on Friday, September 18th, Benzinga reports. They presently have a $300.00 price objective on the software maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 8.78% from the stock’s previous close.

Several other research analysts have also issued reports on the company. KeyCorp set a $400.00 target price on Intuit in a research report on Wednesday, August 26th. Bank of America cut shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target on the stock. in a report on Wednesday, August 26th. Citigroup reduced their price target on shares of Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. The Goldman Sachs Group upped their target price on shares of Intuit from $276.00 to $304.00 and gave the stock a “sell” rating in a research report on Wednesday, August 26th. Finally, Argus lowered their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit currently has an average rating of “Hold” and an average target price of $431.55.

Intuit Price Performance

INTU stock traded down $1.34 during midday trading on Friday, reaching $275.79. 3,397,804 shares of the company’s stock traded hands, compared to its average volume of 4,314,089. The company has a 50-day simple moving average of $325.48 and a two-hundred day simple moving average of $344.35. The company has a market cap of $73.70 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.85 and a beta of 0.98. Intuit has a 1-year low of $252.84 and a 1-year high of $703.96. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts anticipate that Intuit will post 23.01 earnings per share for the current year.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction dated 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several large investors have recently modified their holdings of the stock. XXEC Inc. purchased a new position in Intuit in the second quarter worth $436,740,000. BlackRock Inc. acquired a new stake in Intuit in the 2nd quarter worth about $6,851,859,000. State Street Corp raised its holdings in shares of Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after purchasing an additional 180,069 shares during the period. Corient Private Wealth LP purchased a new position in shares of Intuit in the 2nd quarter worth about $40,545,000. Finally, Geode Capital Management LLC raised its holdings in shares of Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.