Intuit’s (INTU) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Intuit (NASDAQ:INTU) in a report released on Friday,Benzinga reports. Royal Bank Of Canada currently has a $385.00 price objective on the software maker’s stock.

Other research analysts also recently issued reports about the company. Jefferies Financial Group cut their target price on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Sunday, August 23rd. Oppenheimer decreased their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, August 26th. Evercore restated an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Barclays cut their price objective on Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit currently has a consensus rating of “Hold” and an average price target of $431.55.

Intuit Stock Performance

NASDAQ INTU opened at $281.08 on Friday. The stock has a market cap of $75.12 billion, a PE ratio of 17.04, a PEG ratio of 0.82 and a beta of 1.01. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $689.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s fifty day moving average price is $324.10 and its two-hundred day moving average price is $337.49.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. 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, equities analysts expect that Intuit will post 23.01 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a $1.38 dividend. This is a boost from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Intuit’s dividend payout ratio is 29.09%.

Insider Transactions at Intuit

In related news, CAO Lauren D. Hotz sold 907 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. The trade was a 2.41% 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. 2.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuit

Institutional investors and hedge funds have recently modified their holdings of the business. Rakuten Investment Management Inc. boosted its holdings in Intuit by 522.3% in the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock worth $34,852,000 after acquiring an additional 43,389 shares in the last quarter. Vestcor Inc increased its holdings in shares of Intuit by 79.1% during the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after acquiring an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Intuit by 119.5% during the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after purchasing an additional 47,148 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Intuit during the second quarter worth approximately $1,643,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Intuit by 13.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock worth $39,728,000 after purchasing an additional 6,999 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and assigned a $385 price target, implying substantial upside from recent levels. The broader analyst consensus target is also considerably higher, at approximately $431.55.
• Positive Sentiment: Intuit expanded its NFL partnership through 2030, giving Intuit Intelligence exposure to an estimated 400 million fans. The agreement is intended to strengthen brand awareness and showcase Intuit’s broader financial software platform. Intuit Brings Intuit Intelligence to Football’s Biggest Stage in Renewed NFL Partnership Through 2030
• Positive Sentiment: SimpleClosure and QuickBooks partnered to help businesses properly close state payroll-tax accounts, potentially improving QuickBooks’ value to small-business customers and accounting professionals. SimpleClosure and Intuit QuickBooks Partner to Help Businesses Stay Compliant When Closing Payroll Tax Accounts
• Positive Sentiment: Traders reportedly bought short-dated October call options after Jim Cramer did not include Intuit among companies he expects to be hurt by Meta’s new AI platform, signaling a near-term bullish trading interpretation. Intuit Wasn’t on Cramer’s Muse Casualty List, and Traders Just Piled Into Its October Calls
• Neutral Sentiment: Intuit appointed Dixie McCurley as its first managing partner in residence, a move designed to deepen relationships with accounting firms and strengthen partner engagement.
• Neutral Sentiment: The company is emphasizing faster customer growth in fiscal 2027 through lower-cost entry plans, sharper pricing and AI features. The strategy could expand QuickBooks and TurboTax adoption, but may also pressure near-term monetization.
• Negative Sentiment: Despite the positive developments, recent weakness reflects lingering investor concern about valuation, execution of the AI-driven growth strategy and competition from emerging AI platforms. The stock is trading below its key moving averages, keeping technical momentum cautious.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.