Intuit (NASDAQ:INTU) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Intuit (NASDAQ:INTU) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research firms have also issued reports on INTU. BMO Capital Markets reduced their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Wednesday, October 8th. Rothschild & Co Redburn upped their price target on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research report on Friday, November 21st. Finally, Evercore ISI reissued an “outperform” rating and set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $796.60.

Intuit Trading Up 0.7%

NASDAQ INTU opened at $633.84 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. Intuit has a one year low of $532.65 and a one year high of $813.70. The company has a 50-day simple moving average of $657.56 and a 200-day simple moving average of $693.55. The firm has a market capitalization of $176.38 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 2.58 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company posted $2.50 earnings per share. Intuit’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. On average, equities analysts forecast that Intuit will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a yield of 0.8%. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Transactions at Intuit

In related news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total transaction of $936,564.04. Following the sale, the director owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction 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 transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 346,129 shares of company stock valued at $228,019,964. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

A number of hedge funds and other institutional investors have recently modified their holdings of INTU. Park Avenue Securities LLC lifted its holdings in shares of Intuit by 2.2% in the fourth quarter. Park Avenue Securities LLC now owns 16,832 shares of the software maker’s stock valued at $11,150,000 after buying an additional 365 shares during the period. GAMMA Investing LLC raised its position in Intuit by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 6,705 shares of the software maker’s stock worth $4,442,000 after acquiring an additional 811 shares in the last quarter. Jacobs & Co. CA lifted its holdings in Intuit by 0.5% in the 4th quarter. Jacobs & Co. CA now owns 14,424 shares of the software maker’s stock valued at $9,554,000 after acquiring an additional 74 shares during the last quarter. Boltwood Capital Management bought a new position in shares of Intuit during the 4th quarter valued at about $231,000. Finally, First Financial Bank Trust Division grew its stake in shares of Intuit by 333.8% in the 4th quarter. First Financial Bank Trust Division now owns 6,334 shares of the software maker’s stock worth $4,196,000 after purchasing an additional 4,874 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

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.