Wolfe Research Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its target price reduced by research analysts at Wolfe Research from $870.00 to $830.00 in a research report issued on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Wolfe Research’s price target would suggest a potential upside of 26.79% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Evercore ISI reiterated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and set a $850.00 price target on shares of Intuit in a research note on Friday, November 21st. 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, Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $796.60.

Intuit Trading Down 2.4%

NASDAQ:INTU opened at $654.60 on Monday. The stock has a market capitalization of $182.16 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 2.75 and a beta of 1.27. Intuit has a 52 week low of $532.65 and a 52 week high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $656.63 and a 200 day moving average of $703.85.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, sell-side analysts anticipate that Intuit will post 14.09 earnings per share for the current fiscal year.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,170 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the transaction, the chief financial officer owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 269,799 shares of company stock valued at $176,627,160 in the last 90 days. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

Several institutional investors and hedge funds have recently modified their holdings of INTU. Vanguard Group Inc. grew its holdings in Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after purchasing an additional 914,024 shares during the period. State Street Corp grew its stake in Intuit by 1.2% in the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after acquiring an additional 158,456 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in 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 acquiring an additional 649,212 shares in the last quarter. Geode Capital Management LLC raised its position in Intuit by 1.8% during the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after acquiring an additional 115,721 shares during the period. Finally, Norges Bank acquired a new stake in shares of Intuit in the second quarter valued at about $3,268,830,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.