Intuit's (INTU) "Outperform" Rating Reaffirmed at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “Outperform” rating on Intuit and set a $385 price target, implying 36.59% upside from the stock’s $281.87 trading price.
• Intuit reported quarterly revenue of $4.35 billion and EPS of $4.03, beating analyst estimates of $4.27 billion and $3.58, respectively; revenue increased 13.7% year over year.
• Analyst sentiment remains mixed: MarketBeat reports an average “Hold” rating and a consensus price target of $431.55, while institutional investors own 83.66% of Intuit’s shares.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Friday, Benzinga reports. They currently have a $385.00 target price on the software maker's stock. Royal Bank Of Canada's target price suggests a potential upside of 36.59% from the company's current price.

A number of other analysts have also commented on INTU. Morgan Stanley decreased their price target on shares of Intuit from $335.00 to $315.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 26th. Wolfe Research lowered shares of Intuit from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, August 26th. Truist Financial restated a "hold" rating and set a $300.00 price target on shares of Intuit in a research note on Friday, September 18th. Evercore restated an "outperform" rating on shares of Intuit in a research note on Friday, September 18th. Finally, UBS Group restated a "neutral" rating on shares of Intuit in a research note on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Intuit presently has an average rating of "Hold" and a consensus target price of $431.55.

Intuit Trading Down 0.3%

Shares of NASDAQ:INTU traded down $0.92 during mid-day trading on Friday, hitting $281.87. The company had a trading volume of 512,028 shares, compared to its average volume of 4,285,516. The firm has a fifty day moving average price of $324.41 and a 200 day moving average price of $338.70. The company has a market capitalization of $75.33 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit has a one year low of $252.84 and a one year high of $689.17.

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 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, research analysts forecast that Intuit will post 23.01 EPS for the current year.

Insider Transactions at Intuit

In related news, Director Richard Dalzell sold 285 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value 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. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the business's stock in a transaction dated 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 transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This trade represents 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.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. XXEC Inc. purchased a new position in shares of Intuit in the 2nd quarter worth about $436,740,000. BlackRock Inc. purchased a new position in shares of Intuit in the 2nd quarter worth about $6,851,859,000. State Street Corp boosted its holdings in shares of Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after buying an additional 180,069 shares during the last quarter. Corient Private Wealth LP purchased a new position in shares of Intuit in the 2nd quarter worth about $40,545,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker's stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit expanded its NFL partnership through 2030, giving Intuit Intelligence exposure to an estimated 400 million fans. The agreement is intended to raise awareness of QuickBooks, TurboTax and other Intuit products, although the near-term financial impact is likely limited. Intuit Brings Intuit Intelligence to Football's Biggest Stage in Renewed NFL Partnership Through 2030
• Positive Sentiment: A new partnership with SimpleClosure will help QuickBooks Workforce customers properly close state payroll-tax accounts when shutting down payroll operations. The agreement strengthens QuickBooks’ compliance capabilities and could improve customer retention. SimpleClosure and Intuit QuickBooks Partner to Help Businesses Stay Compliant When Closing Payroll Tax Accounts
• Positive Sentiment: Construction consultancy RedHammer joined Intuit’s new Lighthouse Construction Customer Advisory Board, supporting development of Intuit Enterprise Suite and its AI capabilities for mid-market construction businesses. The move provides industry feedback but is not an immediate revenue catalyst. RedHammer to Help Shape Intuit Enterprise Suite for Construction
• Positive Sentiment: Analysts tracked by one report have a consensus price target of $431.55, suggesting substantial potential upside from recent trading levels. Intuit Inc. Stock Has Consensus Price Target of $431.55 According to Analysts
• Neutral Sentiment: Intuit is pursuing faster fiscal 2027 customer growth through lower-cost entry offerings, sharper pricing and AI. The strategy could expand QuickBooks and TurboTax adoption, but discounts and higher customer-acquisition spending may pressure near-term margins. Intuit Targets Faster Customer Growth: Can Its Strategy Deliver?
• Positive Sentiment: Intuit also benefited from a broader rebound in enterprise software stocks, with reports highlighting the company among technology names advancing alongside the sector. Software Names Lead a Rebound

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.