Intuit’s (INTU) Hold Rating Reiterated at Truist Financial

Truist Financial reaffirmed their hold rating on shares of Intuit (NASDAQ:INTU) in a research note released on Friday,Benzinga reports. Truist Financial currently has a $300.00 price objective on the software maker’s stock.

INTU has been the subject of several other reports. Royal Bank Of Canada restated an “outperform” rating and set a $385.00 price objective on shares of Intuit in a research report on Friday. KeyCorp set a $400.00 target price on Intuit in a research report on Wednesday, August 26th. Morgan Stanley lowered their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. HSBC dropped their target price on shares of Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, Piper Sandler raised their price target on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $431.55.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $303.19 on Friday. Intuit has a 1 year low of $252.84 and a 1 year high of $705.08. The stock has a market capitalization of $81.02 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company’s 50 day simple moving average is $325.51 and its 200 day simple moving average is $349.49.

Intuit (NASDAQ:INTU) last released 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. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, research analysts predict that Intuit will post 23.01 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s payout ratio is currently 29.09%.

Insider Activity

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 stock was 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 owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the firm’s 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 approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,476 shares of company stock valued at $481,538 over the last quarter. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rakuten Investment Management Inc. grew its stake in shares of Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after purchasing an additional 43,389 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Intuit by 20.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares during the period. Vestcor Inc grew its position in shares of Intuit by 79.1% in the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after buying an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Intuit by 119.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after buying an additional 47,148 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Intuit in the second quarter valued at about $1,643,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit emphasized AI as a central growth driver, targeting faster product development, broader adoption and improved customer acquisition. Management believes AI-enabled features and higher-value services can support future revenue and earnings growth. INTU Doubles Down on AI: Can Intelligence Drive the Next Growth Wave?
• Positive Sentiment: The company introduced QuickBooks Free and Lite offerings to expand its small-business funnel. The strategy could increase customer adoption and create additional opportunities to monetize payments and premium services over time. Intuit Launches QuickBooks Free
• Positive Sentiment: Several analysts maintained constructive views: Mizuho reiterated an Outperform rating with a $430 target, while RBC kept an Outperform rating with a $385 target. TD Cowen also maintained its $346 target, indicating some analysts see meaningful upside after the selloff.
• Neutral Sentiment: At its investor day, Intuit reaffirmed first-quarter and fiscal 2027 guidance rather than raising expectations. Maintaining the outlook supports visibility, but the lack of an upgrade may have disappointed investors seeking stronger near-term growth signals. Intuit Hosts Investor Day
• Negative Sentiment: Analysts highlighted slower core growth, customer-acquisition challenges and elevated investment needs. Bank of America maintained a Hold rating and a $360 target, while Truist and Stifel kept Hold ratings with $300 targets, reflecting uncertainty over the pace and payoff of Intuit’s initiatives.
• Negative Sentiment: Investors remain concerned about TurboTax market-share pressure and slowing QuickBooks Online customer growth. Although free products may widen the funnel, they could also weigh on near-term monetization as Intuit invests to attract users.

Intuit Company Profile

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.