Intuit (NASDAQ:INTU) Price Target Lowered to $870.00 at Wolfe Research

Intuit (NASDAQ:INTU) had its price target lowered by Wolfe Research from $900.00 to $870.00 in a research note published on Friday,MarketScreener reports.

A number of other analysts have also issued reports on INTU. Rothschild & Co Redburn boosted their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Oppenheimer increased their target price on Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. dropped their target price on Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Barclays reduced their price target on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 price target on shares of Intuit in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $798.13.

Intuit Stock Up 4.0%

Shares of NASDAQ:INTU opened at $663.15 on Friday. The company has a market capitalization of $184.89 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 2.53 and a beta of 1.25. Intuit has a 12-month low of $532.65 and a 12-month high of $813.70. The business has a 50-day moving average price of $666.30 and a 200 day moving average price of $706.80. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.76 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Sell-side analysts expect that Intuit will post 14.09 EPS for the current year.

Intuit Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Intuit’s payout ratio is 34.93%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total value of $792,160.20. Following the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. The trade was a 47.46% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of INTU. Invesco Ltd. grew its holdings in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock valued at $1,890,282,000 after buying an additional 36,513 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Intuit by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after acquiring an additional 1,433 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Intuit during the second quarter worth about $1,733,000. denkapparat Operations GmbH bought a new position in Intuit during the second quarter worth about $830,000. Finally, New York Life Investment Management LLC boosted its holdings in Intuit by 1.1% in the 2nd quarter. New York Life Investment Management LLC now owns 41,830 shares of the software maker’s stock valued at $32,947,000 after purchasing an additional 442 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.