Intuit (NASDAQ:INTU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Intuit (NASDAQ:INTU) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other equities analysts also recently issued reports about the company. Wolfe Research set a $550.00 price objective on Intuit and gave the stock an “outperform” rating in a research report on Thursday, March 12th. TD Cowen restated a “buy” rating on shares of Intuit in a research report on Monday, March 16th. Wells Fargo & Company lowered their price objective on Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada lowered their price objective on Intuit from $850.00 to $600.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $670.00 to $700.00 in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $638.06.

Intuit Price Performance

Intuit stock opened at $369.44 on Friday. Intuit has a 12 month low of $342.11 and a 12 month high of $813.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $102.17 billion, a PE ratio of 23.93, a P/E/G ratio of 1.41 and a beta of 1.21. The stock has a 50-day moving average price of $419.95 and a two-hundred day moving average price of $562.99.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the company earned $3.32 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Analysts expect that Intuit will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, April 9th. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Large investors have recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new stake in Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at approximately $25,000. MTM Investment Management LLC grew its stake in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the period. Total Investment Management Inc. acquired a new stake in Intuit in the second quarter valued at approximately $33,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Intuit in the third quarter valued at approximately $33,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.