Intuit (NASDAQ:INTU) Rating Increased to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Intuit (NASDAQ:INTUFree Report) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Independent Research set a $875.00 price objective on Intuit in a research report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Daiwa Capital Markets lifted their price objective on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. UBS Group set a $739.00 price objective on Intuit in a report on Tuesday, January 6th. Finally, Wolfe Research cut their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $784.81.

Get Our Latest Report on Intuit

Intuit Trading Down 1.8%

Shares of INTU opened at $635.44 on Monday. The firm has a market cap of $176.82 billion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. Intuit has a 1 year low of $532.65 and a 1 year high of $813.70. The company has a 50 day simple moving average of $655.53 and a two-hundred day simple moving average of $689.46.

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

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.8%. Intuit’s dividend payout ratio is currently 32.81%.

Insider Activity

In related news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the transaction, the director directly owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Institutional Trading of Intuit

Institutional investors and hedge funds have recently made changes to their positions in the business. Tortoise Investment Management LLC lifted its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares during the period. Dogwood Wealth Management LLC raised its stake in shares of Intuit by 111.8% during the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock valued at $28,000 after acquiring an additional 19 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of Intuit in the second quarter valued at approximately $28,000. Finally, True Wealth Design LLC grew its stake in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock worth $29,000 after purchasing an additional 27 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

Intuit Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Intuit (NASDAQ:INTU)

Receive News & Ratings for Intuit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuit and related companies with MarketBeat.com's FREE daily email newsletter.