Intuit (NASDAQ:INTU) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Intuit has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' sentiment towards the stock.
• The company's stock is currently trading around $679.94, with a market cap of approximately $189.57 billion and a consensus target price of $791.82.
• Intuit reported $2.75 EPS in its latest earnings, surpassing analysts' expectations, and indicated a robust revenue growth of 20.3% year-over-year.

Intuit (NASDAQ:INTU - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

INTU has been the subject of several other research reports. Zacks Research lowered Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. BMO Capital Markets lifted their price objective on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. KeyCorp cut their price objective on Intuit from $850.00 to $825.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. CLSA started coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. Finally, Bank of America cut their price objective on Intuit from $875.00 to $800.00 and set a "buy" rating for the company in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Intuit Stock Down 0.3%

Intuit stock opened at $679.94 on Friday. The firm has a market cap of $189.57 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 2.63 and a beta of 1.25. The stock has a fifty day simple moving average of $700.95 and a two-hundred day simple moving average of $691.50. Intuit has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $27,929.58. Following the transaction, the chief financial officer directly owned 831 shares in the company, valued at $552,606.69. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the completion of the transaction, the director owned 15,474 shares in the company, valued at $11,890,685.82. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,785 shares of company stock valued at $2,029,299 over the last three months. Insiders own 2.68% of the company's stock.

Institutional Investors Weigh In On Intuit

Several large investors have recently bought and sold shares of INTU. KMG Fiduciary Partners LLC raised its position in Intuit by 1.8% during the second quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock valued at $607,000 after purchasing an additional 14 shares during the period. Pinnacle Bancorp Inc. raised its position in Intuit by 3.9% during the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock valued at $296,000 after purchasing an additional 14 shares during the period. Weaver Capital Management LLC raised its position in Intuit by 1.3% during the second quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker's stock valued at $888,000 after purchasing an additional 14 shares during the period. May Hill Capital LLC grew its stake in shares of Intuit by 4.2% during the second quarter. May Hill Capital LLC now owns 345 shares of the software maker's stock valued at $272,000 after buying an additional 14 shares during the last quarter. Finally, Peloton Wealth Strategists grew its stake in shares of Intuit by 0.3% during the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after buying an additional 15 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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