Intuit (NASDAQ:INTU) Stock Price Expected to Rise, Daiwa Capital Markets Analyst Says

Intuit (NASDAQ:INTU) had its price target boosted by stock analysts at Daiwa Capital Markets from $770.00 to $800.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the software maker’s stock. Daiwa Capital Markets’ target price suggests a potential upside of 24.29% from the stock’s previous close.

INTU has been the topic of a number of other research reports. Zacks Research lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Barclays lowered their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Stifel Nicolaus reduced their price target on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Independent Research set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $798.20.

Intuit Price Performance

Shares of NASDAQ INTU opened at $643.67 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $179.46 billion, a PE ratio of 46.85, a PEG ratio of 2.53 and a beta of 1.25. The stock’s 50 day moving average price is $666.27 and its 200-day moving average price is $707.77. Intuit has a twelve month low of $532.65 and a twelve month high of $813.70.

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

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director directly owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,836 shares of company stock worth $1,235,203. Insiders own 2.68% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTU. KMG Fiduciary Partners LLC lifted its position in Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker’s stock valued at $607,000 after acquiring an additional 14 shares during the period. Pinnacle Bancorp Inc. grew its holdings in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker’s stock worth $296,000 after acquiring an additional 14 shares during the period. Weaver Capital Management LLC boosted its position in Intuit by 1.3% in the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker’s stock worth $888,000 after purchasing an additional 14 shares during the last quarter. May Hill Capital LLC lifted its position in shares of Intuit by 4.2% in the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after acquiring an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists grew its position in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

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.