Oppenheimer Cuts Intuit (NASDAQ:INTU) Price Target to $380.00

Intuit (NASDAQ:INTU) had its price target decreased by Oppenheimer from $406.00 to $380.00 in a report published on Wednesday, Marketbeat.com reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group dropped their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a report on Sunday, August 23rd. UBS Group reiterated a “neutral” rating on shares of Intuit in a research note on Tuesday, August 18th. Freedom Capital cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Northcoast Research dropped their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $434.68.

Intuit Stock Up 2.9%

NASDAQ INTU opened at $358.06 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $307.36 and a two-hundred day moving average of $356.70. The firm has a market capitalization of $97.94 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.90 and a beta of 0.97. Intuit has a 52 week low of $252.84 and a 52 week high of $705.08.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, analysts predict that Intuit will post 23 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be issued a $1.38 dividend. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. This is an increase from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio (DPR) is presently 29.09%.

Insider Buying and Selling

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,146 shares of company stock valued at $662,666 in the last three months. 2.49% of the stock is currently owned by insiders.

Institutional Trading of Intuit

Several hedge funds and other institutional investors have recently made changes to their positions in INTU. XXEC Inc. acquired a new position in Intuit during the 2nd quarter valued at about $436,740,000. California State Teachers Retirement System increased its stake in Intuit by 25,506.0% during the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock valued at $28,277,368,000 after purchasing an additional 107,919,292 shares in the last quarter. BlackRock Inc. acquired a new position in Intuit during the 2nd quarter valued at approximately $6,851,859,000. Corient Private Wealth LP purchased a new position in shares of Intuit in the second quarter worth $40,545,000. Finally, Norges Bank purchased a new position in shares of Intuit in the fourth quarter worth $3,058,407,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Management’s planned strategy to reduce initial revenue per TurboTax do-it-yourself customer could help restore customer volume and support longer-term growth. The approach suggests the weakness is a strategic reset focused on winning back users rather than an immediate deterioration in the overall business. Intuit is Lowering TurboTax Revenue per User to Win Customers
• Positive Sentiment: Analysts and investors continue to point to Intuit’s mid-market expansion, artificial-intelligence adoption and substantial share repurchases as potential offsets to slower consumer-tax growth. One analysis characterized the earnings reset as a pivot rather than a breakdown in the company’s fundamentals. Intuit’s Earnings Reset May Be More Pivot Than Plunge
• Neutral Sentiment: Intuit is reorganizing its reporting structure, with Mailchimp becoming a separate reportable segment beginning in fiscal 2027. This may improve transparency around the company’s different growth engines but does not by itself change financial performance. Mailchimp Becomes a Separate Operating Segment
• Negative Sentiment: TurboTax underperformance and competitive pricing pressure remain the primary concerns. Fiscal 2027 revenue growth is expected at only 9% to 10%, with TurboTax growth projected at 2% to 3%; near-term revenue guidance also trailed analyst estimates. Intuit’s Real Problem Is Not on Its Income Statement
• Negative Sentiment: Several firms lowered their ratings or price targets, including downgrades from Bank of America, JPMorgan and Wolfe Research and target reductions from Oppenheimer and Truist. The analyst actions reflect concern that the slower-growth outlook warrants a lower valuation.
• Negative Sentiment: Multiple law firms publicized securities-fraud class-action deadlines for September 8, alleging that Intuit misrepresented the strength of its tax-related business. These announcements add reputational and potential legal overhang, although the allegations have not been proven.

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.