Intuit Inc. (NASDAQ:INTU) Stock Has Average Price Target of $431.55 According to Brokerages

Intuit Inc. (NASDAQ:INTU) has been assigned an average recommendation of “Hold” from the thirty-one ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $431.55.

A number of research firms have recently issued reports on INTU. JPMorgan Chase & Co. lowered Intuit from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $605.00 to $331.00 in a report on Wednesday, August 26th. Wolfe Research downgraded Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Citigroup dropped their price target on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Oppenheimer reduced their price objective on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Intuit in a research note on Friday, September 18th.

Intuit Stock Performance

Intuit stock opened at $297.24 on Thursday. The firm’s 50 day simple moving average is $322.53 and its 200-day simple moving average is $334.04. The company has a market cap of $79.43 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $689.17.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. 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, equities research analysts predict that Intuit will post 23.01 EPS for the current year.

Intuit Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 8th. Intuit’s dividend payout ratio is 29.09%.

Insider Buying and Selling

In related news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Dalzell sold 285 shares of the company’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 in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Hedge funds and other institutional investors have recently modified their holdings of the company. XXEC Inc. acquired a new position in Intuit in the 2nd quarter worth about $436,740,000. BlackRock Inc. bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $6,851,859,000. State Street Corp grew its stake in shares of Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Corient Private Wealth LP acquired a new position in Intuit in the second quarter worth approximately $40,545,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.