Intuit (NASDAQ:INTU) Price Target Lowered to $696.00 at Oppenheimer

Intuit (NASDAQ:INTU) had its price target decreased by analysts at Oppenheimer from $868.00 to $696.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s target price would suggest a potential upside of 57.16% from the company’s current price.

Several other brokerages have also issued reports on INTU. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intuit in a research note on Thursday, January 22nd. Wall Street Zen raised Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $700.00 price target (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. Finally, KeyCorp decreased their target price on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $785.12.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $44.27 during trading hours on Tuesday, reaching $442.85. 1,283,356 shares of the stock were exchanged, compared to its average volume of 2,824,193. The firm has a market capitalization of $123.23 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 2.04 and a beta of 1.24. The stock’s fifty day simple moving average is $621.92 and its 200 day simple moving average is $665.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit has a 52 week low of $448.59 and a 52 week high of $813.70.

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 quarter in the prior 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. Sell-side analysts predict that Intuit will post 14.09 EPS for the current year.

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Intuit by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after purchasing an additional 296,448 shares in the last quarter. State Street Corp boosted its position in shares of Intuit by 1.2% during the third quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock valued at $8,797,779,000 after buying an additional 158,456 shares during the last quarter. Geode Capital Management LLC increased its holdings in Intuit by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock worth $5,042,107,000 after buying an additional 115,721 shares in the last quarter. Norges Bank purchased a new position in Intuit in the 2nd quarter worth about $3,268,830,000. Finally, Invesco Ltd. raised its position in Intuit by 7.8% in the 3rd quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after buying an additional 271,407 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

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.