Intuit (NASDAQ:INTU) Given New $519.00 Price Target at The Goldman Sachs Group

Intuit (NASDAQ:INTU) had its price objective reduced by The Goldman Sachs Group from $720.00 to $519.00 in a research report sent to investors on Friday,MarketScreener reports. The Goldman Sachs Group currently has a neutral rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday, November 18th. Citigroup decreased their price target on shares of Intuit from $803.00 to $649.00 and set a “buy” rating for the company in a research note on Friday. Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research report on Sunday, February 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Finally, TD Cowen cut their price target on Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Twenty-three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $660.07.

Intuit Trading Up 3.7%

Intuit stock traded up $14.61 during trading hours on Friday, reaching $409.03. 8,178,665 shares of the company’s stock were exchanged, compared to its average volume of 4,931,490. The firm’s 50 day simple moving average is $526.10 and its 200 day simple moving average is $618.06. Intuit has a twelve month low of $349.00 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 firm has a market capitalization of $113.82 billion, a PE ratio of 26.49, a PEG ratio of 1.61 and a beta of 1.24.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 24.02% and a net margin of 21.57%.The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $3.32 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Research analysts predict that Intuit will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s payout ratio is presently 32.81%.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 1,402 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the transaction, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuit

Hedge funds have recently modified their holdings of the company. Anchor Investment Management LLC boosted its stake in shares of Intuit by 1.8% in the 4th quarter. Anchor Investment Management LLC now owns 2,633 shares of the software maker’s stock worth $1,744,000 after buying an additional 46 shares during the last quarter. BDFS Capital LLC purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $619,000. Sit Investment Associates Inc. lifted its holdings in Intuit by 2.8% during the fourth quarter. Sit Investment Associates Inc. now owns 34,977 shares of the software maker’s stock worth $23,169,000 after acquiring an additional 965 shares during the period. MidFirst Bank purchased a new position in Intuit in the fourth quarter worth $393,000. Finally, SG Trading Solutions LLC bought a new position in Intuit in the 4th quarter valued at $864,000. Institutional investors own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 results beat: Intuit reported stronger-than-expected fiscal Q2 results — revenue grew ~17% and EPS topped consensus, and the company reaffirmed its FY26 revenue and EPS framework (FY26 EPS guide ~22.98–23.18). This confirms ongoing growth momentum and investor confidence in underlying businesses. Intuit Tops Q2 Earnings, Reaffirms FY26 Growth Outlook Amid AI Push
• Positive Sentiment: AI positioning: Management and analysts highlight Intuit’s AI investments (TurboTax, QuickBooks, Credit Karma integrations) as a structural tailwind — executives say AI is fueling the next growth phase and should deepen switching costs rather than displace the business. Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
• Positive Sentiment: Board signals confidence with dividend: Intuit declared a quarterly cash dividend of $1.20 per share (record April 9, pay April 17), underscoring cash generation and capital return policy. This supports income-oriented investor demand. Intuit Board Declares Cash Dividend, Signals Ongoing Confidence
• Neutral Sentiment: Analyst target updates mixed: Several firms trimmed price targets (Goldman, JPMorgan, Oppenheimer, RBC, others) but most maintained Buy/Outperform/Overweight stances — signaling caution on near-term multiple expansion while still backing the longer-term thesis. Monitor how these revisions affect sentiment and flows. Goldman Sachs adjusts price target on Intuit to $519 from $720; maintains neutral rating
• Negative Sentiment: Soft near-term guidance & higher marketing spend: Intuit’s Q3 guidance was softer than some expected — management flagged elevated marketing investment for peak U.S. tax season that will weigh on near-term margins and profit expectations, which triggered short-term selling pressure across headlines. Intuit Shares Tumble Despite Earnings Beat as Tax Season Outlook Disappoints
• Negative Sentiment: Market reaction: Despite the beat, coverage and write-ups emphasize the softer FQ3 outlook and tax-season margin pressure — multiple headlines note the stock initially slid after hours, reflecting sensitivity to forward guidance versus reported results. Investors should watch guidance execution and marketing ROI. Intuit Logs Higher Second-Quarter Profit, Gives Soft Third-Quarter Outlook

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.