Erste Group Bank Upgrades Intuit (NASDAQ:INTU) to Hold

Intuit (NASDAQ:INTU - Get Free Report) was upgraded by equities research analysts at Erste Group Bank to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on INTU. Wells Fargo & Company cut their price objective on Intuit from $700.00 to $425.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their target price on Intuit from $750.00 to $605.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. BMO Capital Markets dropped their target price on Intuit from $624.00 to $550.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. TD Cowen reaffirmed a "buy" rating on shares of Intuit in a research report on Monday, March 16th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Intuit in a research report on Sunday, April 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $636.10.

Intuit Stock Up 2.7%

Shares of INTU opened at $400.42 on Monday. Intuit has a 52-week low of $342.11 and a 52-week high of $813.70. The company has a market capitalization of $110.73 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The stock has a fifty day simple moving average of $414.59 and a two-hundred day simple moving average of $541.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company's quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities analysts forecast that Intuit will post 17.44 EPS for the current year.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Intuit

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Joseph Group Capital Management purchased a new position in shares of Intuit in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the fourth quarter worth approximately $25,000. MTM Investment Management LLC lifted its stake in Intuit by 135.0% during the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Intuit during the third quarter worth approximately $33,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in Intuit during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: FedNow certification and TurboTax mix shift improve monetization and product stickiness — Intuit completed FedNow certification and is leaning into higher‑priced TurboTax upsells, boosting real‑time payments for SMBs and cross‑sell opportunities across its platform. How TurboTax Upselling and FedNow Integration At Intuit (INTU) Has Changed Its Investment Story
• Positive Sentiment: Joining the Federal Reserve’s instant payments network expands payments roadmap — membership in the Fed’s instant payments network strengthens Intuit’s cash‑flow and payment services for small businesses, supporting recurring revenue and payment‑fee opportunities. Intuit (INTU) Just Joined the Fed’s Instant Payments Network
• Positive Sentiment: Analysts and screens point to accelerating earnings — coverage by Zacks and other outlets flags Intuit among companies with accelerating earnings, reinforcing expectations that recent revenue and margin trends can support further upside. Intuit vs. BILL Holdings: Which Fintech Stock is the Better Buy?
• Positive Sentiment: Analyst upgrades and ETF inflows provide directional support — recent analyst upgrades and broader ETF inflows into tech/fintech names have helped demand for INTU shares. Analysts upgrade Intuit, Qualcomm as ETF inflows hit record pace
• Neutral Sentiment: Comparative fintech takes: INTU vs BILL — recent pieces compare Intuit’s AI, payments and SMB platform strategy with BILL Holdings; the analysis highlights strengths but underscores different product/customer mixes, so competitive implications are nuanced. Intuit vs. BILL Holdings: Which Fintech Stock is the Better Buy?
• Neutral Sentiment: Leadership reshuffle in Small Business & Mid‑Market — Intuit announced changes in the SMB/mid‑market leadership team; execution risk is manageable but worth monitoring for continuity on product and go‑to‑market initiatives. Intuit Reshapes Leadership of Small Business and Mid-Market
• Neutral Sentiment: Short‑term market reaction coverage — several outlets noted the stock’s intraday advance versus a weaker market; this reflects headlines and flows rather than new fundamental guidance. Intuit (INTU) Advances While Market Declines: Some Information for Investors

Intuit Company Profile

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.

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