Intuit (NASDAQ:INTU) Price Target Cut to $504.00 by Analysts at TD Cowen

Intuit (NASDAQ:INTU) had its price target cut by TD Cowen from $576.00 to $504.00 in a report published on Thursday,MarketScreener reports. They currently have a buy rating on the software maker’s stock.

INTU has been the subject of several other research reports. Truist Financial lowered their target price on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a report on Thursday. Daiwa Securities Group lowered their target price on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Argus lowered their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Barclays dropped their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating on the stock in a research note on Thursday. Twenty-five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.00.

Intuit Stock Up 0.9%

Shares of Intuit stock traded up $2.61 during trading hours on Thursday, hitting $309.68. The company had a trading volume of 3,192,260 shares, compared to its average volume of 3,831,514. The company’s 50-day moving average is $405.96 and its two-hundred day moving average is $511.86. Intuit has a twelve month low of $302.36 and a twelve month high of $813.70. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $85.64 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the prior year, the business posted $11.65 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Analysts anticipate that Intuit will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. Intuit’s dividend payout ratio is presently 29.07%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Intuit

Large investors have recently made changes to their positions in the stock. Joseph Group Capital Management purchased a new position in shares of Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit in the 4th quarter valued at about $25,000. MTM Investment Management LLC increased its holdings in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in shares of Intuit in the 3rd quarter valued at about $33,000. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of Intuit in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit beat fiscal Q3 EPS and revenue estimates and raised full-year guidance, showing the core business remains healthy. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: The company announced a larger share repurchase authorization and increased its dividend, signaling confidence in cash flow and shareholder returns.
• Neutral Sentiment: Management says the 17% workforce reduction is part of a broader restructuring to flatten the organization and reallocate spending toward AI and “big bets.” Intuit CEO says company’s 17% workforce cut had ‘nothing to do with AI’
• Neutral Sentiment: Intuit’s quarterly report also included strong revenue growth, but the market is waiting to see whether the AI pivot can offset execution risk from the reorganization.
• Negative Sentiment: The layoffs, restructuring charges of $300 million to $340 million, and softer TurboTax outlook have overshadowed the earnings beat and pressured sentiment. Intuit boosts annual forecasts, to cut 17% of global staff

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.