Intuit (NASDAQ:INTU) Releases Earnings Results, Misses Expectations By $2.25 EPS

Intuit (NASDAQ:INTU) posted its quarterly earnings results on Tuesday. The software maker reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $3.58 by ($2.25), Zacks reports. Intuit had a net margin of 21.91% and a return on equity of 25.18%.

Intuit Price Performance

Shares of NASDAQ:INTU traded down $12.86 during midday trading on Tuesday, hitting $357.06. 3,905,640 shares of the stock were exchanged, compared to its average volume of 4,331,952. Intuit has a twelve month low of $252.84 and a twelve month high of $705.08. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $300.85 and a 200-day moving average price of $358.61. The stock has a market cap of $97.67 billion, a P/E ratio of 21.63, a PEG ratio of 1.15 and a beta of 0.97.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Analysts expect continued growth, with consensus estimates calling for earnings of roughly $3.58–$3.59 per share, supported by momentum in QuickBooks, Credit Karma and Intuit’s artificial-intelligence initiatives. Intuit to Report Q4 Earnings: What Should Investors Do?
• Positive Sentiment: An Intuit AI executive said the future of finance is moving toward real-time, continuously updated insights rather than monthly reporting, highlighting potential longer-term opportunities for the company’s software platform. Intuit AI expert says future of finance is real-time, not monthly

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,239 shares of company stock worth $348,354 in the last ninety days. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the last quarter. United Bank bought a new position in shares of Intuit during the second quarter worth about $734,000. Sivia Capital Partners LLC raised its stake in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after buying an additional 166 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in Intuit by 44.0% during the second quarter. Schnieders Capital Management LLC. now owns 537 shares of the software maker’s stock valued at $423,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INTU shares. Evercore restated an “outperform” rating on shares of Intuit in a research report on Tuesday, August 18th. Barclays reduced their price objective on shares of Intuit from $540.00 to $443.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Argus decreased their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Citigroup lowered their target price on shares of Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Intuit in a report on Thursday, May 21st. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $449.65.

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.