Intuit (NASDAQ:INTU) Earns Hold Rating from Truist Financial

Intuit (NASDAQ:INTU)‘s stock had its “hold” rating reiterated by equities researchers at Truist Financial in a report issued on Monday,Benzinga reports. They currently have a $350.00 price target on the software maker’s stock, down from their previous price target of $410.00. Truist Financial’s price objective would suggest a potential upside of 9.92% from the stock’s previous close.

Several other analysts also recently issued reports on INTU. Argus reduced their price target on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Susquehanna lowered their price target on shares of Intuit from $550.00 to $427.00 and set a “positive” rating on the stock in a research report on Monday, July 20th. Citigroup dropped their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Northcoast Research decreased their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Nineteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.45.

Intuit Stock Performance

NASDAQ:INTU traded up $2.34 during mid-day trading on Monday, hitting $318.41. The stock had a trading volume of 2,761,300 shares, compared to its average volume of 4,426,011. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company’s 50 day simple moving average is $289.00 and its 200 day simple moving average is $380.29. The stock has a market cap of $87.10 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.16 and a beta of 0.97. Intuit has a twelve month low of $252.84 and a twelve month high of $794.09.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts forecast that Intuit will post 18.18 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the transaction, the director directly owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 284 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,239 shares of company stock worth $348,354 in the last 90 days. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Intuit by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after purchasing an additional 296,448 shares during the last quarter. State Street Corp increased its stake in Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after purchasing an additional 180,069 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares in the last quarter. Morgan Stanley grew its stake in shares of Intuit by 1.2% in the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after buying an additional 60,910 shares during the period. Finally, Norges Bank bought a new stake in Intuit in the 4th quarter valued at about $3,058,407,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit’s history of exceeding analyst estimates, combined with the company’s expected earnings drivers, has led Zacks to argue that another quarterly earnings beat is likely. Intuit most recently exceeded consensus EPS and revenue expectations, supporting the bullish setup. Why Intuit Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: A valuation-focused dividend-stock screen identified INTU as potentially undervalued, which could attract long-term investors if earnings growth and profitability remain intact. Top 25 High-Growth Dividend Stocks for August 2026
• Neutral Sentiment: Intuit is promoting its QuickBooks Workforce Payroll plan at a steep introductory discount. The offer could help customer acquisition and adoption, but the discount also raises questions about near-term monetization and pricing strategy. QuickBooks Workforce Payroll Promotion
• Neutral Sentiment: Fundsmith Equity Fund reportedly sold its Intuit position during the second quarter. The transaction may weigh on sentiment and highlights concerns among some investors, although it may also reflect portfolio-specific decisions rather than a change in Intuit’s fundamentals. Why Fundsmith Sold Intuit
• Negative Sentiment: Several law firms are publicizing a securities-fraud class action and a September 8 lead-plaintiff deadline. The allegations focus on claims that Intuit overstated the sustainability of TurboTax growth and failed to disclose competitive and pricing pressure; one notice cites management’s later acknowledgment that the company “lost on price.” The legal process creates reputational, financial, and investor-confidence risks, though the claims remain allegations. Intuit Securities-Fraud Lawsuit Notice

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.