Intuit (NASDAQ:INTU) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Intuit (NASDAQ:INTU) from a buy rating to a hold rating in a research note released on Saturday.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada dropped their target price on Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Truist Financial assumed coverage on Intuit in a research report on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price on the stock. Rothschild & Co Redburn upgraded Intuit from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $670.00 to $700.00 in a research report on Tuesday, March 10th. Scotiabank set a $575.00 target price on Intuit in a research report on Friday, March 6th. Finally, UBS Group dropped their target price on Intuit from $725.00 to $440.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $636.10.

Intuit Stock Performance

NASDAQ INTU opened at $399.00 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $414.84 and its two-hundred day moving average is $538.51. Intuit has a 12-month low of $342.11 and a 12-month high of $813.70. The stock has a market capitalization of $110.34 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.60 and a beta of 1.04.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the firm posted $3.32 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. 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 expect that Intuit will post 17.44 EPS for the current year.

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s payout ratio is 31.09%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuit

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Global Assets Advisory LLC purchased a new stake in Intuit in the 1st quarter valued at approximately $90,000. International Assets Investment Management LLC lifted its stake in Intuit by 78.1% in the 1st quarter. International Assets Investment Management LLC now owns 1,320 shares of the software maker’s stock valued at $562,000 after buying an additional 579 shares in the last quarter. Anchor Investment Management LLC lifted its stake in Intuit by 5.2% in the 1st quarter. Anchor Investment Management LLC now owns 2,769 shares of the software maker’s stock valued at $1,197,000 after buying an additional 136 shares in the last quarter. United Bank lifted its stake in Intuit by 27.8% in the 1st quarter. United Bank now owns 2,105 shares of the software maker’s stock valued at $910,000 after buying an additional 458 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp lifted its stake in Intuit by 82.8% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 5,975 shares of the software maker’s stock valued at $2,583,000 after buying an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

About Intuit

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.