Intuit’s (INTU) “Hold” Rating Reiterated at Truist Financial

Intuit (NASDAQ:INTU)‘s stock had its “hold” rating reaffirmed by stock analysts at Truist Financial in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $300.00 price objective on the software maker’s stock. Truist Financial’s target price points to a potential downside of 1.40% from the stock’s current price.

A number of other research analysts have also recently issued reports on INTU. Susquehanna decreased their price objective on shares of Intuit from $427.00 to $415.00 and set a “positive” rating for the company in a report on Wednesday, August 26th. Wells Fargo & Company reduced their price target on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Wolfe Research lowered shares of Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. Argus lowered their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Intuit in a research note on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of “Hold” and a consensus target price of $431.55.

Intuit Price Performance

Shares of Intuit stock traded down $8.86 during midday trading on Friday, reaching $304.27. The company had a trading volume of 1,921,637 shares, compared to its average volume of 4,294,686. 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 fifty day simple moving average of $324.95 and a 200 day simple moving average of $350.30. Intuit has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a market capitalization of $81.31 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98.

Intuit (NASDAQ:INTU) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the company posted $2.75 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities research analysts forecast that Intuit will post 23.49 earnings per share for the current year.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren Hotz sold 907 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares of the company’s stock, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Dalzell sold 285 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. 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. In the last three months, insiders sold 1,476 shares of company stock valued at $481,538. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of hedge funds have recently added to or reduced their stakes in INTU. XXEC Inc. acquired a new position in Intuit in the second quarter valued at about $436,740,000. BlackRock Inc. acquired a new stake in Intuit during the second quarter worth about $6,851,859,000. Corient Private Wealth LP bought a new position in Intuit in the 2nd quarter valued at about $40,545,000. Norges Bank acquired a new position in shares of Intuit in the 4th quarter valued at approximately $3,058,407,000. Finally, Bank of America Corp DE acquired a new position in shares of Intuit in the 2nd quarter valued at approximately $589,841,000. Institutional investors own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: RBC reaffirmed its “Outperform” rating and assigned a $385 price target, implying roughly 25% upside from the recently cited share price. The bullish view provides support for INTU by signaling confidence in the company’s long-term growth prospects.
• Positive Sentiment: Intuit launched QuickBooks Free, a no-cost accounting plan intended to expand the product funnel and attract small-business users who may later adopt paid services, including payments. The strategy could help address slowing online customer growth. Intuit Launches QuickBooks Free
• Positive Sentiment: QuickBooks Online expanded its integration with Solera’s Qapter, allowing collision-repair shops to transfer estimate details directly into accounting workflows. The partnership could improve product value and support adoption among specialized small businesses. Qapter and QuickBooks Online Integration
• Neutral Sentiment: At its Investor Day, Intuit reaffirmed first-quarter and fiscal 2027 guidance, including first-quarter EPS of $2.44–$2.48 and fiscal-year EPS of $22.88–$23.12. Maintaining guidance reduces the risk of a near-term estimate reset but does not provide a new upside catalyst. Intuit Investor Day
• Negative Sentiment: Bank of America analyst Tal Liani maintained a “Hold” rating and $360 price target, citing slower core growth and elevated investment needs. The cautious assessment may be weighing on INTU as investors question how quickly new initiatives will translate into profitable growth. Bank of America Maintains Hold on Intuit

About Intuit

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.