Intuit’s (INTU) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Intuit (NASDAQ:INTU) in a research note published on Friday, Marketbeat.com reports. Royal Bank Of Canada currently has a $385.00 price target on the software maker’s stock.

A number of other research analysts also recently commented on the company. Daiwa Securities Group dropped their price target on Intuit from $640.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Jefferies Financial Group reduced their price objective on shares of Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Sunday, August 23rd. Argus decreased their target price on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. UBS Group set a $370.00 target price on shares of Intuit in a report on Thursday, August 27th. Finally, Mizuho dropped their target price on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 17th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $431.55.

Intuit Stock Performance

NASDAQ INTU opened at $303.19 on Friday. Intuit has a 12 month low of $252.84 and a 12 month high of $705.08. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $325.51 and a 200-day moving average of $349.49. The company has a market cap of $81.02 billion, a PE ratio of 18.38, a PEG ratio of 0.88 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The business had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company posted $2.75 earnings per share. Intuit’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities research analysts anticipate that Intuit will post 23.01 EPS for the current fiscal year.

Intuit Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be paid a $1.38 dividend. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s payout ratio is presently 29.09%.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director owned 11,531 shares in the company, valued at approximately $3,751,726.16. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,476 shares of company stock worth $481,538 in the last quarter. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Institutional investors have recently modified their holdings of the company. Rench Wealth Management Inc. lifted its stake in Intuit by 93.9% during the 2nd quarter. Rench Wealth Management Inc. now owns 16,451 shares of the software maker’s stock valued at $4,294,000 after acquiring an additional 7,966 shares in the last quarter. Capstone Financial Advisors Inc. boosted its holdings in Intuit by 91.2% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 1,048 shares of the software maker’s stock worth $274,000 after acquiring an additional 500 shares during the last quarter. National Pension Service grew its stake in shares of Intuit by 8.6% in the 2nd quarter. National Pension Service now owns 700,231 shares of the software maker’s stock worth $182,760,000 after acquiring an additional 55,375 shares in the last quarter. Triad Investment Management grew its stake in shares of Intuit by 39.4% in the 2nd quarter. Triad Investment Management now owns 8,559 shares of the software maker’s stock worth $2,234,000 after acquiring an additional 2,421 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Intuit by 2,259.7% in the second quarter. Engineers Gate Manager LP now owns 19,515 shares of the software maker’s stock valued at $5,093,000 after purchasing an additional 18,688 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit emphasized AI as a central growth driver, targeting faster product development, broader adoption and improved customer acquisition. Management believes AI-enabled features and higher-value services can support future revenue and earnings growth. INTU Doubles Down on AI: Can Intelligence Drive the Next Growth Wave?
• Positive Sentiment: The company introduced QuickBooks Free and Lite offerings to expand its small-business funnel. The strategy could increase customer adoption and create additional opportunities to monetize payments and premium services over time. Intuit Launches QuickBooks Free
• Positive Sentiment: Several analysts maintained constructive views: Mizuho reiterated an Outperform rating with a $430 target, while RBC kept an Outperform rating with a $385 target. TD Cowen also maintained its $346 target, indicating some analysts see meaningful upside after the selloff.
• Neutral Sentiment: At its investor day, Intuit reaffirmed first-quarter and fiscal 2027 guidance rather than raising expectations. Maintaining the outlook supports visibility, but the lack of an upgrade may have disappointed investors seeking stronger near-term growth signals. Intuit Hosts Investor Day
• Negative Sentiment: Analysts highlighted slower core growth, customer-acquisition challenges and elevated investment needs. Bank of America maintained a Hold rating and a $360 target, while Truist and Stifel kept Hold ratings with $300 targets, reflecting uncertainty over the pace and payoff of Intuit’s initiatives.
• Negative Sentiment: Investors remain concerned about TurboTax market-share pressure and slowing QuickBooks Online customer growth. Although free products may widen the funnel, they could also weigh on near-term monetization as Intuit invests to attract users.

Intuit Company Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.