Intuit (NASDAQ:INTU) Stock Rating Upgraded by Wall Street Zen

Key Points

• Intuit's stock was upgraded from a "hold" to a "buy" rating by Wall Street Zen, amidst mixed feedback from other analysts, including a downgrade from Zacks Research.
• The company reported a strong quarterly performance with $2.75 earnings per share, surpassing estimates, and a significant 20.3% year-over-year revenue growth.
• Institutional ownership of Intuit is high, with hedge funds holding approximately 83.66% of the company's stock, reflecting strong confidence in its performance.

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

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Intuit in a research note on Wednesday. BMO Capital Markets raised their price target on Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. CLSA started coverage on Intuit in a research note on Thursday, June 26th. They issued an "outperform" rating and a $900.00 price target for the company. Finally, Morgan Stanley dropped their price target on Intuit from $900.00 to $880.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Moderate Buy" and a consensus target price of $791.82.

Intuit Stock Down 0.5%

Shares of Intuit stock opened at $641.79 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.36 and a current ratio of 1.36. Intuit has a 52-week low of $532.65 and a 52-week high of $813.70. The stock has a market capitalization of $178.93 billion, a price-to-earnings ratio of 46.71, a P/E/G ratio of 2.48 and a beta of 1.25. The company's 50 day moving average price is $686.93 and its 200-day moving average price is $693.65.

Intuit (NASDAQ:INTU - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. 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 business earned $1.99 earnings per share. The business'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. Equities research analysts forecast that Intuit will post 14.09 EPS for the current year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 529 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the transaction, the director owned 6,162,547 shares of the company's stock, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the transaction, the director directly owned 14,475 shares of the company's stock, valued at $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 90 days, insiders sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

Several large investors have recently modified their holdings of INTU. Norges Bank purchased a new position in shares of Intuit in the 2nd quarter worth about $3,268,830,000. Nuveen LLC purchased a new position in shares of Intuit in the 1st quarter worth about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the 1st quarter worth about $785,564,000. Winslow Capital Management LLC purchased a new position in shares of Intuit in the 2nd quarter worth about $782,677,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Hedge funds and other 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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