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

Key Points

• Intuit has been given an "outperform" rating by Royal Bank of Canada, with a target price of $850.00, suggesting a potential upside of 27.44% from the current stock price.
• The company's stock has experienced fluctuations, with a 12-month low of $532.65 and a high of $813.70, and it currently has a market capitalization of $186.06 billion.
• Intuit reported earnings of $2.75 per share for the last quarter, exceeding analysts' expectations, and its revenue increased by 20.3% year-over-year to $3.83 billion.

Intuit (NASDAQ:INTU - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Tuesday,Benzinga reports. They currently have a $850.00 target price on the software maker's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 27.44% from the stock's current price.

INTU has been the topic of several other research reports. JPMorgan Chase & Co. cut their price target on Intuit from $770.00 to $750.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Jefferies Financial Group set a $850.00 price objective on Intuit and gave the company a "buy" rating in a report on Friday, May 23rd. Susquehanna reissued a "positive" rating on shares of Intuit in a report on Friday, May 23rd. KeyCorp lowered 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. Finally, CLSA began coverage on Intuit in a report on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $797.62.

Intuit Price Performance

Shares of Intuit stock opened at $667.00 on Tuesday. Intuit has a twelve month low of $532.65 and a twelve month high of $813.70. The stock has a market capitalization of $186.06 billion, a P/E ratio of 48.54, a PEG ratio of 2.57 and a beta of 1.26. The company has a current ratio of 1.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.30. The business's fifty day moving average price is $745.39 and its 200 day moving average price is $678.91.

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, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the firm earned $1.99 earnings per share. The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts anticipate that Intuit will post 14.09 earnings per share for the current year.

Insider Buying and Selling

In other Intuit news, insider Scott D. Cook sold 62,816 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $765.99, for a total transaction of $48,116,427.84. Following the sale, the insider directly owned 6,000,679 shares of the company's stock, valued at $4,596,460,107.21. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lauren D. Hotz sold 1,738 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $784.09, for a total transaction of $1,362,748.42. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,488 shares of company stock valued at $56,356,595 in the last three months. Insiders own 2.68% of the company's stock.

Institutional Trading of Intuit

Several large investors have recently added to or reduced their stakes in INTU. KMG Fiduciary Partners LLC grew its holdings in shares of Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock valued at $607,000 after acquiring an additional 14 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Intuit by 3.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock valued at $296,000 after acquiring an additional 14 shares in the last quarter. Weaver Capital Management LLC grew its holdings in shares of Intuit by 1.3% during the 2nd quarter. Weaver Capital Management LLC now owns 1,127 shares of the software maker's stock valued at $888,000 after acquiring an additional 14 shares in the last quarter. May Hill Capital LLC grew its holdings in shares of Intuit by 4.2% during the 2nd quarter. May Hill Capital LLC now owns 345 shares of the software maker's stock valued at $272,000 after acquiring an additional 14 shares in the last quarter. Finally, Peloton Wealth Strategists grew its holdings in shares of Intuit by 0.3% during the 1st quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after acquiring an additional 15 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.