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

Key Points

• Intuit's stock received an "outperform" rating from Royal Bank Of Canada, with a price target of $850, suggesting a potential upside of 30.45% from its previous close.
• The company reported earnings of $2.75 per share for the quarter, exceeding expectations, and saw revenue grow 20.3% year-over-year to $3.83 billion.
• Intuit's consensus rating is "Moderate Buy", with twenty analysts giving it a Buy rating and an average price target of approximately $804.86.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $850.00 price target on the software maker's stock. Royal Bank Of Canada's price objective indicates a potential upside of 30.45% from the company's previous close.

A number of other research firms have also weighed in on INTU. Citigroup upped their price objective on Intuit from $789.00 to $815.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Piper Sandler reaffirmed an "overweight" rating and set a $825.00 price objective (up previously from $785.00) on shares of Intuit in a research report on Friday, May 23rd. Bank of America boosted their target price on shares of Intuit from $730.00 to $875.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Barclays lowered their target price on shares of Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Susquehanna restated a "positive" rating on shares of Intuit in a research note on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and an average price target of $804.86.

Intuit Trading Down 6.6%

Shares of Intuit stock opened at $651.5680 on Friday. The stock has a market cap of $181.75 billion, a P/E ratio of 53.39, a P/E/G ratio of 2.69 and a beta of 1.28. The stock's 50 day simple moving average is $758.91 and its 200-day simple moving average is $673.86. Intuit has a 1-year low of $532.65 and a 1-year high of $813.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. Analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling at Intuit

In related news, CAO Lauren D. Hotz sold 1,738 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $784.09, for a total value of $1,362,748.42. Following the transaction, the chief accounting officer directly owned 455 shares in the company, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $768.43, for a total transaction of $255,887.19. Following the transaction, the director directly owned 15,474 shares of the company's stock, 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. Over the last quarter, insiders sold 279,800 shares of company stock valued at $209,725,054. Corporate insiders own 2.68% of the company's stock.

Institutional Investors Weigh In On Intuit

Several institutional investors have recently modified their holdings of INTU. Invesco Ltd. lifted its stake in Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock valued at $1,890,282,000 after buying an additional 36,513 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after purchasing an additional 82,419 shares in the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after purchasing an additional 623 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in Intuit during the fourth quarter worth $109,988,000. Finally, Malaga Cove Capital LLC increased its holdings in Intuit by 110.6% during the first quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock worth $537,000 after buying an additional 459 shares during the last quarter. Institutional investors and hedge funds 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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