Intuit (NASDAQ:INTU) Upgraded by Northcoast Research to “Buy” Rating

Intuit (NASDAQ:INTU) was upgraded by investment analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports. The firm presently has a $575.00 price target on the software maker’s stock. Northcoast Research’s price target would suggest a potential upside of 23.18% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Wolfe Research cut their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Stifel Nicolaus reduced their price objective on Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Truist Financial initiated coverage on Intuit in a research note on Tuesday, January 6th. They set a “buy” rating and a $739.00 target price for the company. Finally, Barclays reduced their price target on Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $646.35.

Intuit Price Performance

INTU stock opened at $466.79 on Friday. The business’s fifty day moving average price is $507.32 and its 200 day moving average price is $610.47. Intuit has a 12-month low of $349.00 and a 12-month high of $813.70. 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 company has a market capitalization of $129.09 billion, a PE ratio of 30.23, a P/E/G ratio of 1.79 and a beta of 1.26.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.47. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit’s revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts anticipate that Intuit will post 14.09 EPS for the current year.

Insiders Place Their Bets

In other news, Director Scott D. Cook sold 75,000 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the sale, the director owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 269,596 shares of company stock worth $178,119,764. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Intuit during the fourth quarter worth about $3,058,407,000. Alliancebernstein L.P. boosted its position in shares of Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. purchased a new position in Intuit during the 1st quarter worth approximately $785,564,000. Winslow Capital Management LLC acquired a new position in Intuit during the second quarter worth approximately $782,677,000. Finally, Vanguard Group Inc. increased its position in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after buying an additional 914,024 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.