Intuit (NASDAQ:INTU) Receives "Outperform" Rating from Mizuho

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Mizuho in a research note issued on Friday, September 18th, Benzinga reports. They presently have a $430.00 target price on the software maker's stock. Mizuho's target price would suggest a potential upside of 55.92% from the stock's previous close.

INTU has been the subject of several other research reports. JPMorgan Chase & Co. cut Intuit from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $605.00 to $331.00 in a research note on Wednesday, August 26th. Truist Financial reiterated a "hold" rating and issued a $300.00 price objective on shares of Intuit in a research note on Friday, September 18th. KeyCorp set a $400.00 price target on shares of Intuit in a report on Wednesday, August 26th. UBS Group reiterated a "neutral" rating on shares of Intuit in a report on Friday, September 18th. Finally, Citigroup lowered their price target on shares of Intuit from $591.00 to $457.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $431.55.

Intuit Trading Down 0.5%

NASDAQ INTU traded down $1.34 on Friday, reaching $275.79. The stock had a trading volume of 3,397,804 shares, compared to its average volume of 4,314,089. The firm has a market capitalization of $73.70 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.85 and a beta of 0.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. Intuit has a 12-month low of $252.84 and a 12-month high of $703.96. The stock has a fifty day moving average price of $325.48 and a two-hundred day moving average price of $344.35.

Intuit (NASDAQ:INTU - Get Free Report) last announced 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 firm had revenue of $4.35 billion during 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 quarterly 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. As a group, sell-side analysts forecast that Intuit will post 23.01 EPS for the current fiscal year.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company's stock, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 firm'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 transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC grew its position in Intuit by 6.8% in the 4th quarter. Sandy Cove Advisors LLC now owns 376 shares of the software maker's stock valued at $249,000 after acquiring an additional 24 shares in the last quarter. Main Management ETF Advisors LLC grew its position in Intuit by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 2,349 shares of the software maker's stock valued at $1,556,000 after acquiring an additional 24 shares in the last quarter. Verus Capital Partners LLC grew its position in Intuit by 5.2% in the 4th quarter. Verus Capital Partners LLC now owns 506 shares of the software maker's stock valued at $335,000 after acquiring an additional 25 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in Intuit by 10.3% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker's stock valued at $115,000 after acquiring an additional 25 shares in the last quarter. Finally, Prentice Wealth Management LLC grew its position in Intuit by 3.1% in the 1st quarter. Prentice Wealth Management LLC now owns 876 shares of the software maker's stock valued at $379,000 after acquiring an additional 26 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit Company Profile

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.