Intuit (NASDAQ:INTU) Stock Rating Reaffirmed as “Outperform” by Royal Bank Of Canada

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued on Friday, Benzinga reports. They currently have a $385.00 price objective on the software maker’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 31.67% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Susquehanna decreased their price target on shares of Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research report on Wednesday, August 26th. Wells Fargo & Company reduced their price objective on Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Mizuho reaffirmed an “outperform” rating and issued a $430.00 target price on shares of Intuit in a report on Friday, September 18th. The Goldman Sachs Group reiterated a “sell” rating on shares of Intuit in a research report on Thursday, September 24th. Finally, Evercore reissued an “outperform” rating on shares of Intuit in a report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $431.55.

Intuit Stock Performance

Shares of INTU traded up $2.59 during trading hours on Friday, hitting $292.40. The stock had a trading volume of 588,421 shares, compared to its average volume of 4,265,872. The firm has a market capitalization of $78.14 billion, a PE ratio of 17.72, a PEG ratio of 0.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit has a 12 month low of $252.84 and a 12 month high of $689.17. The stock has a fifty day moving average price of $323.25 and a 200 day moving average price of $335.16.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the firm posted $2.75 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Intuit will post 23.01 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Intuit

Several institutional investors have recently modified their holdings of INTU. Ridgewood Investments LLC increased its position in shares of Intuit by 6.8% during the 3rd quarter. Ridgewood Investments LLC now owns 3,013 shares of the software maker’s stock valued at $831,000 after purchasing an additional 193 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in Intuit by 14.0% during the third quarter. Baker Tilly Wealth Management LLC now owns 1,049 shares of the software maker’s stock worth $289,000 after buying an additional 129 shares during the period. Ferguson Wellman Capital Management Inc. increased its position in Intuit by 0.4% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 13,736 shares of the software maker’s stock valued at $3,787,000 after acquiring an additional 55 shares during the last quarter. Eastern Bank raised its stake in shares of Intuit by 15.7% in the third quarter. Eastern Bank now owns 1,435 shares of the software maker’s stock valued at $396,000 after acquiring an additional 195 shares during the period. Finally, Rockland Trust Co. raised its stake in shares of Intuit by 8.7% in the third quarter. Rockland Trust Co. now owns 82,444 shares of the software maker’s stock valued at $22,731,000 after acquiring an additional 6,628 shares during the period. 83.66% of the stock is owned by institutional investors.

About Intuit

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

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