Brokerages Set Intuit Inc. (NASDAQ:INTU) Price Target at $797.62

Intuit Inc. (NASDAQ:INTU) has been given a consensus recommendation of “Moderate Buy” by the twenty-six research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $791.8182.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. CLSA began coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Wells Fargo & Company set a $880.00 target price on Intuit and gave the company an “overweight” rating in a research note on Friday, June 13th. Finally, Stifel Nicolaus lowered their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd.

Insider Transactions at Intuit

In other news, CFO Sandeep Aujla sold 2,591 shares of Intuit stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the sale, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. The trade was a 77.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders have sold a total of 8,141 shares of company stock worth $6,195,865 in the last ninety days. Company insiders own 2.68% of the company’s stock.

Institutional Trading of Intuit

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. boosted its stake in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Intuit in the 4th quarter worth about $28,000. Finally, Dogwood Wealth Management LLC grew its holdings in Intuit by 111.8% in the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after buying an additional 19 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

INTU stock opened at $692.68 on Friday. The company has a market cap of $193.12 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 2.68 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $711.13 and a 200-day moving average of $687.65. Intuit has a 12-month low of $532.65 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.Intuit’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the business posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts expect that Intuit will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, October 9th. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a dividend yield of 0.7%. Intuit’s dividend payout ratio is 30.28%.

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.