TD Cowen Cuts Intuit (NASDAQ:INTU) Price Target to $658.00

Intuit (NASDAQ:INTU) had its price objective cut by research analysts at TD Cowen from $802.00 to $658.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the software maker’s stock. TD Cowen’s price objective points to a potential upside of 48.28% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Evercore reissued an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Wolfe Research decreased their price target on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Weiss Ratings lowered shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Daiwa Securities Group lifted their price objective on Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and a consensus target price of $779.58.

Intuit Stock Performance

NASDAQ:INTU opened at $443.77 on Monday. The company has a market cap of $123.49 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit has a 52 week low of $411.11 and a 52 week high of $813.70. The company has a fifty day simple moving average of $606.28 and a two-hundred day simple moving average of $656.36.

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

Insider Activity

In related news, 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 transaction, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer directly owned 536 shares in the company, valued at $337,390.56. This represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 over the last ninety days. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intuit

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Intuit by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after buying an additional 296,448 shares during the last quarter. State Street Corp lifted its position in Intuit by 1.2% during the 3rd quarter. State Street Corp now owns 12,882,779 shares of the software maker’s stock worth $8,797,779,000 after acquiring an additional 158,456 shares during the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 115,721 shares during the last quarter. Norges Bank bought a new stake in Intuit in the 2nd quarter valued at $3,268,830,000. Finally, Invesco Ltd. raised its position in Intuit by 7.8% in the third quarter. Invesco Ltd. now owns 3,757,171 shares of the software maker’s stock worth $2,565,810,000 after purchasing an additional 271,407 shares in the last quarter. Institutional investors and hedge funds 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.