Intuit (NASDAQ:INTU) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Intuit's stock has received a "buy (B-)" rating from Weiss Ratings, reaffirmed in a recent report.
• The company's recent quarterly earnings showed a 20.3% revenue increase year-over-year, with earnings per share of $2.75, surpassing estimates.
• Analysts maintain a consensus rating of "Moderate Buy" for Intuit, with an average price target of $791.82.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "buy (b-)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the stock. CLSA initiated coverage on shares of Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective on the stock. Oppenheimer increased their price objective on Intuit from $742.00 to $868.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. UBS Group cut their price objective on Intuit from $750.00 to $725.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Bank of America cut their target price on Intuit from $875.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Citigroup cut their target price on Intuit from $815.00 to $803.00 and set a "buy" rating on the stock in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $791.82.

Intuit Trading Down 0.0%

Shares of Intuit stock opened at $657.80 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $183.40 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.25. The business has a fifty day simple moving average of $692.42 and a 200-day simple moving average of $692.73. Intuit has a fifty-two week low of $532.65 and a fifty-two week high of $813.70.

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

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 529 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. This represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,407 shares of company stock worth $1,614,913. 2.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intuit

Institutional investors and hedge funds have recently modified their holdings of the stock. Tortoise Investment Management LLC boosted its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker's stock valued at $25,000 after purchasing an additional 27 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker's stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock worth $28,000 after purchasing an additional 19 shares in the last quarter. Sagard Holdings Management Inc. acquired a new position in Intuit in the second quarter worth approximately $28,000. Finally, True Wealth Design LLC increased its holdings in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker's stock worth $29,000 after buying an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Company Profile

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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