Intuit (NASDAQ:INTU) Upgraded by Piper Sandler to “Strong Sell” Rating

Piper Sandler upgraded shares of Intuit (NASDAQ:INTU) to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on INTU. BNP Paribas Exane cut their price target on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Evercore decreased their price objective on Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Northcoast Research decreased their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. KeyCorp lowered their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada dropped their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Twenty-two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $490.39.

Intuit Price Performance

Shares of INTU opened at $279.70 on Tuesday. The stock has a market capitalization of $76.51 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.03 and a beta of 1.00. Intuit has a twelve month low of $252.84 and a twelve month high of $813.70. The company has a 50 day moving average of $307.54 and a 200-day moving average of $410.07. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the firm posted $11.65 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, equities research analysts forecast that Intuit will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.7%. Intuit’s dividend payout ratio (DPR) is currently 29.07%.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,239 shares of company stock valued at $348,354. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Joseph Group Capital Management acquired a new position in shares of Intuit in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit during the 4th quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in Intuit during the 3rd quarter worth approximately $33,000. Birchwood Financial Partners Inc. acquired a new stake in Intuit during the 4th quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its stake in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock valued at $36,000 after purchasing an additional 19 shares during the period. 83.66% of the stock is owned by institutional investors.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit received a bullish analyst upgrade to Zacks Rank #2 (Buy), which could support the stock by reinforcing confidence in its earnings outlook and near-term growth prospects. Intuit (INTU) Upgraded to Buy: Here’s Why
• Positive Sentiment: Several articles described Intuit as a solid growth stock and noted that Wall Street analysts remain generally optimistic, which may help offset some of the legal overhang. Wall Street Bulls Look Optimistic About Intuit (INTU): Should You Buy?
• Neutral Sentiment: Commentary comparing INTU with Microsoft and discussing Intuit’s growth profile added background, but did not introduce a clear new catalyst for the shares. INTU vs. MSFT: Which Stock Is the Better Value Option?
• Neutral Sentiment: Business/marketing coverage around Mailchimp and Canva was more brand-oriented than stock-moving, so it is unlikely to have a major immediate impact on INTU. Connecting the dots: How Intuit Mailchimp and Canva are redefining growth-driven marketing
• Negative Sentiment: Multiple firms announced or promoted class-action lawsuits and securities-fraud investigations tied to alleged misrepresentations around TurboTax growth and pricing issues, creating a significant legal overhang for Intuit and likely weighing on the stock. INTU Fraud Notice: Intuit Investors are Reminded to Contact BFA Law…
• Negative Sentiment: One article said Intuit shares slipped after Piper Sandler initiated coverage with a sell-equivalent rating and a Street-low price target, adding to bearish sentiment. Intuit Shares Slip After Piper Sandler Initiates Coverage With Street-Low Price Target (INTU)

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.