Intuit (NASDAQ:INTU) Earns Peer Perform Rating from Wolfe Research

Key Points

• Wolfe Research maintained a “peer perform” rating on Intuit, while the broader analyst consensus remains “Hold” with a $433.45 price target.
• Intuit reported quarterly adjusted EPS of $4.03 and revenue of $4.35 billion, beating estimates, with revenue up 13.7% year over year.
• Shares fell 3.7% to $344.24 after the company issued fiscal 2027 guidance below analyst expectations, citing a strategic reset, TurboTax pricing pressure and increased investment.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "peer perform" rating restated by Wolfe Research in a research report issued to clients and investors on Wednesday, MarketBeat reports.

INTU has been the subject of a number of other reports. UBS Group reaffirmed a "neutral" rating on shares of Intuit in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Intuit from $530.00 to $425.00 and set a "buy" rating for the company in a research report on Wednesday, August 19th. Jefferies Financial Group reduced their price objective on Intuit from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Sunday. Wall Street Zen lowered shares of Intuit from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Oppenheimer decreased their price target on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $433.45.

Intuit Stock Down 3.7%

Intuit stock traded down $13.22 during midday trading on Wednesday, reaching $344.24. The stock had a trading volume of 8,111,320 shares, compared to its average volume of 4,376,035. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit has a 12 month low of $252.84 and a 12 month high of $705.08. The company has a fifty day moving average price of $302.38 and a two-hundred day moving average price of $357.99. The company has a market capitalization of $94.16 billion, a P/E ratio of 20.85, a PEG ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 EPS. 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 analysts expect that Intuit will post 18.19 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock valued at $348,354 in the last 90 days. Corporate insiders own 2.49% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTU. XXEC Inc. bought a new position in Intuit during the second quarter valued at approximately $436,740,000. California State Teachers Retirement System increased its position in Intuit by 25,506.0% during the second 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 acquiring an additional 107,919,292 shares during the last quarter. BlackRock Inc. bought a new position in Intuit in the second quarter valued at about $6,851,859,000. Corient Private Wealth LP purchased a new position in Intuit in the second quarter worth about $40,545,000. Finally, Norges Bank purchased a new position in Intuit in the fourth quarter worth about $3,058,407,000. 83.66% of the stock is owned by institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit exceeded fourth-quarter expectations, reporting adjusted EPS of $4.03 versus a $3.58 consensus estimate and revenue of $4.35 billion versus $4.27 billion. Revenue increased 13.7% year over year, while Credit Karma revenue rose 16% and Global Business Solutions revenue climbed 14%. Intuit fourth-quarter earnings report
• Positive Sentiment: The board approved a 15% increase in the quarterly dividend to $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder-return support. Intuit dividend announcement
• Neutral Sentiment: Management described fiscal 2027 as a strategic “reset to reaccelerate,” prioritizing customer acquisition, market-share gains and broader access to QuickBooks. The plan includes revisiting TurboTax pricing and increasing investment, which could support longer-term growth but weighs on near-term financial results. Intuit strategic reset article
• Neutral Sentiment: Intuit said 75% of enterprise customers use its AI agents monthly, highlighting adoption of Intuit Intelligence. However, investors remain concerned that AI competition could pressure TurboTax and eventually QuickBooks. Intuit AI customer adoption article
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies roughly 9% to 10% growth, below analyst expectations and down from fiscal 2026’s 14% growth. Adjusted EPS guidance of $22.88 to $23.12 also trails consensus near $26.04. Reuters Intuit forecast article
• Negative Sentiment: Management acknowledged that pricing is driving some customers away from TurboTax and that lower-cost offerings may reduce revenue in the near term. Mailchimp is also being separated as a segment with expectations for little or no growth, adding to concerns about the company’s growth trajectory. MarketWatch TurboTax pricing article
• Negative Sentiment: Analysts responded by lowering targets or ratings: Truist moved to Hold with a $300 target, JPMorgan reaffirmed Neutral at $331, and Bank of America downgraded the stock to Neutral. Several investor-rights firms also publicized securities class-action claims involving alleged TurboTax risk disclosures, creating an additional overhang. Analyst revisions for Intuit

About Intuit

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source