Intuit (NASDAQ:INTU) Stock Price Up 6% – Should You Buy?

Intuit Inc. (NASDAQ:INTU) shares shot up 6% on Monday . The company traded as high as $291.11 and last traded at $291.5470. Approximately 1,545,522 shares changed hands during trading, a decline of 65% from the average daily volume of 4,435,405 shares. The stock had previously closed at $274.96.

Analyst Ratings Changes

INTU has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Intuit in a research report on Wednesday, May 27th. They issued a “buy” rating and a $400.00 target price for the company. TD Cowen dropped their price objective on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Truist Financial cut their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Guggenheim set a $633.00 target price on shares of Intuit in a research report on Monday, March 16th. Finally, The Goldman Sachs Group cut shares of Intuit from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $498.40.

Intuit Price Performance

The firm has a market cap of $80.49 billion, a P/E ratio of 17.83, a PEG ratio of 1.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50-day moving average is $314.01 and its two-hundred day moving average is $418.31.

Intuit (NASDAQ:INTU) last released its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts anticipate that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Vasant M. Prabhu bought 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director owned 1,750 shares in the company, valued at $541,992.50. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on 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 in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of INTU. Joseph Group Capital Management bought a new position in Intuit in the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at approximately $25,000. HHM Wealth Advisors LLC grew its stake in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the first quarter worth $30,000. Finally, CrossGen Wealth LLC acquired a new position in shares of Intuit during the first quarter worth $32,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

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.