Intuit (NASDAQ:INTU) Given New $600.00 Price Target at Rothschild & Co Redburn

Intuit (NASDAQ:INTU) had its price objective decreased by investment analysts at Rothschild & Co Redburn from $700.00 to $600.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the software maker’s stock. Rothschild & Co Redburn’s price objective points to a potential upside of 87.88% from the company’s previous close.

A number of other equities research analysts have also commented on INTU. Scotiabank set a $575.00 price objective on shares of Intuit in a report on Friday, March 6th. Jefferies Financial Group reduced their price objective on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Bank of America began coverage on Intuit in a research note on Wednesday, May 27th. They issued a “buy” rating and a $400.00 target price on the stock. Argus cut 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, May 22nd. Finally, Susquehanna cut their price target on shares of Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research report on Friday, May 22nd. Twenty-four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $514.58.

Intuit Trading Down 3.7%

Shares of Intuit stock traded down $12.19 during trading on Tuesday, hitting $319.35. 6,551,567 shares of the company were exchanged, compared to its average volume of 5,335,193. The firm has a market capitalization of $87.35 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. The firm’s fifty day moving average price is $388.38 and its 200 day moving average price is $495.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit has a 1-year low of $300.50 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, sell-side analysts expect that Intuit will post 17.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vasant M. Prabhu bought 1,250 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.49% of the stock is owned by insiders.

Institutional Trading of Intuit

Several large investors have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit in the first quarter worth $785,564,000. Sivia Capital Partners LLC raised its holdings in Intuit by 23.1% in the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC lifted its position in Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after buying an additional 51 shares during the period. 83.66% of the stock is owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some analysts and commentators argue Intuit is oversold and may be a long-term value opportunity, with support from its AI strategy and software franchise. Intuit: Undervalued And An AI Leader
• Positive Sentiment: Mailchimp’s new AI-powered analytics and integrations could help Intuit unlock a new growth lever in its small-business marketing software. Mailchimp’s AI Bet: Can Intuit Unlock the Next Growth Lever?
• Neutral Sentiment: Intuit was included in a roundup of Tuesday’s analyst research calls, but the article does not provide a clear rating change or catalyst in the excerpt. Tuesday’s Top Wall Street Analyst Research Calls
• Negative Sentiment: Goldman Sachs reportedly cut Intuit to Sell from Neutral, reinforcing bearish sentiment around the stock after recent weakness. Intuit stock down after Goldman Sachs lowers recommendation to Sell from Neutral
• Negative Sentiment: Bleichmar Fonti & Auld announced a securities-fraud investigation into Intuit over allegations tied to TurboTax pricing representations, which could increase legal and reputational risk. INTU Stock Drop: Intuit Investigated for Securities Fraud after Stock Plummets 20% on Pricing Issues
• Negative Sentiment: Additional shareholder-notification coverage echoed the same investigation theme, suggesting continued headline risk for INTU. INTU Shareholder Notification

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.