Intuit (NASDAQ:INTU) Earns "Hold" Rating from Truist Financial

Key Points

• Truist Financial reiterated its “Hold” rating on Intuit and set a $300 price target, implying about 1.4% downside from the prior close. Analysts overall also maintain a consensus “Hold” rating, with an average target of $431.55.
• Intuit’s shares fell 2.8% to $304.27, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $4.03 versus $3.58 estimated, and revenue reached $4.35 billion, up 13.7% year over year.
• Institutional investors own 83.66% of Intuit, although insiders have sold 1,476 shares worth approximately $481,538 over the past 90 days.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "hold" rating reiterated by Truist Financial in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $300.00 price objective on the software maker's stock. Truist Financial's target price suggests a potential downside of 1.40% from the company's previous close.

A number of other equities analysts have also weighed in on INTU. Argus lowered their price objective on shares of Intuit from $580.00 to $480.00 and set a "buy" rating on the stock in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued an "outperform" rating and issued a $385.00 target price on shares of Intuit in a report on Friday. The Goldman Sachs Group increased their price objective on shares of Intuit from $276.00 to $304.00 and gave the company a "sell" rating in a research note on Wednesday, August 26th. Finally, Oppenheimer dropped their target price on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, August 26th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $431.55.

Intuit Stock Down 2.8%

INTU stock traded down $8.86 during trading on Friday, hitting $304.27. 1,921,637 shares of the company's stock were exchanged, compared to its average volume of 4,294,686. The business has a 50-day moving average price of $324.95 and a two-hundred day moving average price of $350.30. The stock has a market capitalization of $81.31 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.91 and a beta of 0.98. Intuit has a 52-week low of $252.84 and a 52-week high of $705.08. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. Intuit's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, equities research analysts expect that Intuit will post 23.49 EPS for the current year.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company'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 transaction, the chief accounting officer directly owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,476 shares of company stock valued at $481,538. Corporate insiders own 2.49% of the company's stock.

Institutional Trading of Intuit

Institutional investors have recently made changes to their positions in the stock. XXEC Inc. bought a new position in Intuit during the 2nd quarter valued at about $436,740,000. BlackRock Inc. acquired a new stake in shares of Intuit during the second quarter worth approximately $6,851,859,000. State Street Corp raised its stake in shares of Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock valued at $8,653,092,000 after acquiring an additional 180,069 shares during the last quarter. Corient Private Wealth LP bought a new stake in Intuit during the 2nd quarter worth approximately $40,545,000. Finally, Geode Capital Management LLC increased its holdings in Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock valued at $4,369,488,000 after purchasing an additional 87,451 shares in the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: RBC reaffirmed its “Outperform” rating and assigned a $385 price target, implying roughly 25% upside from the recently cited share price. The bullish view provides support for INTU by signaling confidence in the company’s long-term growth prospects.
• Positive Sentiment: Intuit launched QuickBooks Free, a no-cost accounting plan intended to expand the product funnel and attract small-business users who may later adopt paid services, including payments. The strategy could help address slowing online customer growth. Intuit Launches QuickBooks Free
• Positive Sentiment: QuickBooks Online expanded its integration with Solera’s Qapter, allowing collision-repair shops to transfer estimate details directly into accounting workflows. The partnership could improve product value and support adoption among specialized small businesses. Qapter and QuickBooks Online Integration
• Neutral Sentiment: At its Investor Day, Intuit reaffirmed first-quarter and fiscal 2027 guidance, including first-quarter EPS of $2.44–$2.48 and fiscal-year EPS of $22.88–$23.12. Maintaining guidance reduces the risk of a near-term estimate reset but does not provide a new upside catalyst. Intuit Investor Day
• Negative Sentiment: Bank of America analyst Tal Liani maintained a “Hold” rating and $360 price target, citing slower core growth and elevated investment needs. The cautious assessment may be weighing on INTU as investors question how quickly new initiatives will translate into profitable growth. Bank of America Maintains Hold on Intuit

About Intuit

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

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

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