Intuit (NASDAQ:INTU) Given "Outperform" Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “outperform” rating on Intuit and set a $385 price target, implying approximately 21.25% upside from the prior close.
• Analyst sentiment is mixed: 17 analysts rate Intuit a Buy, 11 a Hold and three a Sell, producing an overall “Hold” rating and an average price target of $430.97.
• Intuit exceeded quarterly expectations, reporting $4.03 in EPS versus a $3.58 consensus estimate and $4.35 billion in revenue, up 13.7% year over year.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday, Benzinga reports. They presently have a $385.00 target price on the software maker's stock. Royal Bank Of Canada's price objective indicates a potential upside of 21.25% from the stock's previous close.

A number of other research analysts have also recently commented on the stock. Oppenheimer reduced their target price on shares of Intuit from $406.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 26th. BNP Paribas Exane lowered their price target on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating for the company in a report on Thursday, May 21st. Piper Sandler lifted their price target on shares of Intuit from $250.00 to $290.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 26th. The Goldman Sachs Group boosted their price objective on shares of Intuit from $276.00 to $304.00 and gave the stock a "sell" rating in a report on Wednesday, August 26th. Finally, KeyCorp set a $400.00 target price on Intuit in a research note on Wednesday, August 26th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $430.97.

Intuit Price Performance

INTU stock opened at $317.53 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. Intuit has a 1 year low of $252.84 and a 1 year high of $705.08. The firm has a market cap of $86.86 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.90 and a beta of 0.98. The stock has a 50-day simple moving average of $320.01 and a 200-day simple moving average of $352.29.

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

Insider Buying and Selling at Intuit

In other news, CAO Lauren D. Hotz sold 907 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the stock in a transaction dated Tuesday, September 8th. The stock was 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 in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,760 shares of company stock valued at $561,683. 2.49% of the stock is owned by company insiders.

Institutional Trading of Intuit

Institutional investors and hedge funds have recently bought and sold shares of the company. XXEC Inc. bought a new stake in shares of Intuit in the 2nd quarter valued at approximately $436,740,000. California State Teachers Retirement System lifted its stake 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 worth $28,277,368,000 after purchasing an additional 107,919,292 shares during the last quarter. BlackRock Inc. acquired a new position in Intuit in the second quarter worth $6,851,859,000. Corient Private Wealth LP acquired a new position in Intuit in the second quarter worth $40,545,000. Finally, Norges Bank bought a new stake in Intuit during the fourth quarter valued at $3,058,407,000. Institutional investors and hedge funds own 83.66% of the company's stock.

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.

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