Intuit (NASDAQ:INTU) Given New $750.00 Price Target at KeyCorp

Intuit (NASDAQ:INTU) had its price objective decreased by KeyCorp from $825.00 to $750.00 in a research report sent to investors on Friday morning,MarketScreener reports. KeyCorp currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also recently commented on INTU. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 target price on shares of Intuit in a report on Friday, November 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. UBS Group set a $739.00 price objective on Intuit in a research note on Tuesday, January 6th. The Goldman Sachs Group began coverage on shares of Intuit in a report on Monday, January 12th. They issued a “neutral” rating and a $720.00 target price for the company. Finally, Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $791.73.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $563.97 on Friday. The firm’s 50 day moving average price is $637.23 and its 200-day moving average price is $676.53. Intuit has a twelve month low of $520.69 and a twelve month 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 stock has a market capitalization of $156.94 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25.

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

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were given a dividend of $1.20 per share. The ex-dividend date was Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.9%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Activity at Intuit

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at $337,390.56. The trade was a 71.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the transaction, the director owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. The trade was a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 over the last ninety days. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Weaver Capital Management LLC boosted its position 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 during the last quarter. May Hill Capital LLC lifted its position in Intuit by 4.2% during the second quarter. May Hill Capital LLC now owns 345 shares of the software maker’s stock valued at $272,000 after purchasing an additional 14 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its position in Intuit by 0.9% during the second quarter. Moody Lynn & Lieberson LLC now owns 1,672 shares of the software maker’s stock valued at $1,317,000 after purchasing an additional 15 shares during the last quarter. Northern Financial Advisors Inc grew its stake in shares of Intuit by 1.3% in the 2nd quarter. Northern Financial Advisors Inc now owns 1,209 shares of the software maker’s stock worth $952,000 after buying an additional 15 shares in the last quarter. Finally, Telos Capital Management Inc. increased its holdings in shares of Intuit by 2.6% in the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after buying an additional 15 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.