Intuit (NASDAQ:INTU) Updates FY 2027 Earnings Guidance

Intuit (NASDAQ:INTU) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 22.880-23.120 for the period, compared to the consensus EPS estimate of 26.040. The company issued revenue guidance of $23.3 billion-$23.5 billion, compared to the consensus revenue estimate of $23.7 billion. Intuit also updated its Q1 2027 guidance to 2.440-2.480 EPS.

Analysts Set New Price Targets

A number of brokerages have commented on INTU. Susquehanna reduced their price objective on Intuit from $550.00 to $427.00 and set a “positive” rating for the company in a research report on Monday, July 20th. Wolfe Research restated an “outperform” rating and set a $400.00 price objective on shares of Intuit in a research report on Thursday, May 21st. Royal Bank Of Canada cut their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reduced their target price on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Finally, Mizuho decreased their price target on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, August 17th. Twenty analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $449.65.

Intuit Price Performance

Shares of INTU stock traded down $12.46 during trading hours on Tuesday, hitting $357.46. The company had a trading volume of 6,109,254 shares, compared to its average volume of 4,333,711. Intuit has a 12 month low of $252.84 and a 12 month high of $705.08. The firm has a market capitalization of $97.78 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.15 and a beta of 0.97. The firm’s fifty day moving average is $300.85 and its 200 day moving average is $358.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by insiders.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect continued growth, with consensus estimates calling for earnings of roughly $3.58–$3.59 per share, supported by momentum in QuickBooks, Credit Karma and Intuit’s artificial-intelligence initiatives. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: An Intuit AI executive said the future of finance is moving toward real-time, continuously updated insights rather than monthly reporting, highlighting potential longer-term opportunities for the company’s software platform. Intuit AI expert says future of finance is real-time, not monthly

Hedge Funds Weigh In On Intuit

Several institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in Intuit by 6.1% during the 4th quarter. Sunbelt Securities Inc. now owns 867 shares of the software maker’s stock worth $574,000 after acquiring an additional 50 shares during the last quarter. Compound Planning Inc. raised its holdings in shares of Intuit by 22.9% in the fourth quarter. Compound Planning Inc. now owns 4,692 shares of the software maker’s stock valued at $3,108,000 after buying an additional 874 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in Intuit by 26.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 9,065 shares of the software maker’s stock worth $6,005,000 after buying an additional 1,894 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Intuit during the 4th quarter worth about $33,000. Finally, Corient Private Wealth LLC increased its position in Intuit by 47.8% in the 4th quarter. Corient Private Wealth LLC now owns 200,018 shares of the software maker’s stock valued at $132,496,000 after acquiring an additional 64,729 shares in the last quarter. 83.66% of the stock is owned by institutional investors.

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.