Intuit (NASDAQ:INTU) Stock Rating Upgraded by Piper Sandler

Intuit (NASDAQ:INTU) was upgraded by investment analysts at Piper Sandler to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the company. The Goldman Sachs Group lowered Intuit from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Evercore decreased their price target on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Royal Bank Of Canada lowered their price objective on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $490.39.

Intuit Stock Down 1.0%

Shares of NASDAQ:INTU opened at $279.70 on Tuesday. Intuit has a 12 month low of $252.84 and a 12 month high of $813.70. The company’s 50-day moving average price is $307.54 and its two-hundred day moving average price is $410.07. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market cap of $76.51 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.03 and a beta of 1.00.

Intuit (NASDAQ:INTU) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the firm posted $11.65 earnings per share. The company’s revenue 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. As a group, research analysts forecast that Intuit will post 18.19 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

A number of large investors have recently added to or reduced their stakes in INTU. Investors Research Corp raised its stake in shares of Intuit by 10.2% in the 2nd quarter. Investors Research Corp now owns 1,077 shares of the software maker’s stock valued at $281,000 after purchasing an additional 100 shares during the period. Doliver Advisors LP boosted its position in shares of Intuit by 190.2% during the second quarter. Doliver Advisors LP now owns 5,171 shares of the software maker’s stock worth $1,350,000 after buying an additional 3,389 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Intuit by 22.1% during the second quarter. Revolve Wealth Partners LLC now owns 1,038 shares of the software maker’s stock worth $271,000 after buying an additional 188 shares in the last quarter. Atlas Brown Inc. bought a new position in shares of Intuit during the second quarter worth about $400,000. Finally, Fluent Financial LLC acquired a new stake in Intuit in the 2nd quarter valued at approximately $1,454,000. Institutional investors own 83.66% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit received a bullish analyst upgrade to Zacks Rank #2 (Buy), which could support the stock by reinforcing confidence in its earnings outlook and near-term growth prospects. Intuit (INTU) Upgraded to Buy: Here’s Why
• Positive Sentiment: Several articles described Intuit as a solid growth stock and noted that Wall Street analysts remain generally optimistic, which may help offset some of the legal overhang. Wall Street Bulls Look Optimistic About Intuit (INTU): Should You Buy?
• Neutral Sentiment: Commentary comparing INTU with Microsoft and discussing Intuit’s growth profile added background, but did not introduce a clear new catalyst for the shares. INTU vs. MSFT: Which Stock Is the Better Value Option?
• Neutral Sentiment: Business/marketing coverage around Mailchimp and Canva was more brand-oriented than stock-moving, so it is unlikely to have a major immediate impact on INTU. Connecting the dots: How Intuit Mailchimp and Canva are redefining growth-driven marketing
• Negative Sentiment: Multiple firms announced or promoted class-action lawsuits and securities-fraud investigations tied to alleged misrepresentations around TurboTax growth and pricing issues, creating a significant legal overhang for Intuit and likely weighing on the stock. INTU Fraud Notice: Intuit Investors are Reminded to Contact BFA Law…
• Negative Sentiment: One article said Intuit shares slipped after Piper Sandler initiated coverage with a sell-equivalent rating and a Street-low price target, adding to bearish sentiment. Intuit Shares Slip After Piper Sandler Initiates Coverage With Street-Low Price Target (INTU)

Intuit Company Profile

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.