Intuit (NASDAQ:INTU) Stock Rating Upgraded by Northcoast Research

Intuit (NASDAQ:INTU) was upgraded by stock analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a $575.00 price target on the software maker’s stock. Northcoast Research’s price target indicates a potential upside of 23.18% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Susquehanna lowered their price objective on Intuit from $819.00 to $720.00 and set a “positive” rating on the stock in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their target price on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company dropped their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Jefferies Financial Group set a $650.00 price objective on Intuit in a research note on Sunday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Intuit from $850.00 to $600.00 and set a “buy” rating for the company in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $646.35.

Intuit Price Performance

Intuit stock opened at $466.79 on Friday. The stock has a market capitalization of $129.09 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.79 and a beta of 1.26. The company’s fifty day moving average price is $507.32 and its 200 day moving average price is $610.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit has a 1 year low of $349.00 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts anticipate that Intuit will post 14.09 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sandeep Aujla sold 1,335 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 269,596 shares of company stock worth $178,119,764. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC increased its position in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the last quarter. Joseph Group Capital Management purchased a new position in Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit during the fourth quarter valued at about $25,000. Sagard Holdings Management Inc. acquired a new position in shares of Intuit in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC boosted its position in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

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.