Intuit (NASDAQ:INTU) Given “Outperform” Rating at Royal Bank Of Canada

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a report issued on Friday, September 18th, Marketbeat.com reports. They currently have a $385.00 target price on the software maker’s stock. Royal Bank Of Canada’s target price points to a potential upside of 39.57% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley dropped their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Rothschild & Co Redburn dropped their target price on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Jefferies Financial Group dropped their target price on Intuit from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Sunday, August 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Intuit in a research report on Tuesday, September 8th. Finally, Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Sixteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit Stock Performance

INTU traded down $1.29 during trading on Friday, hitting $275.84. The stock had a trading volume of 1,705,170 shares, compared to its average volume of 4,304,303. The firm has a market capitalization of $73.72 billion, a P/E ratio of 16.72, a PEG ratio of 0.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. Intuit has a twelve month low of $252.84 and a twelve month high of $703.96. The company’s 50-day moving average price is $325.79 and its 200 day moving average price is $344.83.

Intuit (NASDAQ:INTU) last issued its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The business’s quarterly 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. On average, equities research analysts forecast that Intuit will post 23.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard Dalzell sold 285 shares of Intuit stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. The trade was a 35.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

A number of large investors have recently made changes to their positions in INTU. Sandy Cove Advisors LLC lifted its holdings in Intuit by 6.8% during the fourth quarter. Sandy Cove Advisors LLC now owns 376 shares of the software maker’s stock worth $249,000 after buying an additional 24 shares during the period. Main Management ETF Advisors LLC lifted its holdings in Intuit by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 2,349 shares of the software maker’s stock worth $1,556,000 after buying an additional 24 shares during the period. Verus Capital Partners LLC lifted its holdings in Intuit by 5.2% during the fourth quarter. Verus Capital Partners LLC now owns 506 shares of the software maker’s stock worth $335,000 after buying an additional 25 shares during the period. Legacy Wealth Managment LLC ID increased its position in shares of Intuit by 10.3% during the first quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock worth $115,000 after purchasing an additional 25 shares in the last quarter. Finally, Prentice Wealth Management LLC increased its position in shares of Intuit by 3.1% during the first quarter. Prentice Wealth Management LLC now owns 876 shares of the software maker’s stock worth $379,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

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.