Intuit (NASDAQ:INTU) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Intuit (NASDAQ:INTU) from a strong-buy rating to a hold rating in a research report released on Thursday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. KeyCorp dropped their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group boosted their target price on shares of Intuit from $750.00 to $860.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Bank of America dropped their target price on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a research report on Friday. CLSA assumed coverage on shares of Intuit in a research report on Thursday, June 26th. They issued an “outperform” rating and a $900.00 target price for the company. Finally, UBS Group dropped their target price on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average target price of $797.62.

Intuit Stock Performance

Shares of INTU stock opened at $662.66 on Thursday. Intuit has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $184.85 billion, a P/E ratio of 48.23, a P/E/G ratio of 2.55 and a beta of 1.28. The company’s fifty day moving average price is $757.08 and its two-hundred day moving average price is $674.94.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 23.01%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business posted $1.99 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts anticipate that Intuit will post 14.09 earnings per share for the current fiscal year.

Insider Transactions at Intuit

In other Intuit news, EVP Marianna Tessel sold 34,329 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $760.84, for a total value of $26,118,876.36. Following the completion of the transaction, the executive vice president owned 40,767 shares in the company, valued at approximately $31,017,164.28. This represents a 45.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott D. Cook sold 72,442 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $741.29, for a total transaction of $53,700,530.18. Following the completion of the transaction, the insider owned 6,063,495 shares of the company’s stock, valued at approximately $4,494,808,208.55. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 279,800 shares of company stock worth $209,725,054 in the last quarter. 2.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Intuit by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,707,966 shares of the software maker’s stock worth $21,823,625,000 after purchasing an additional 377,657 shares during the last quarter. State Street Corp grew its position in Intuit by 1.0% in the 2nd quarter. State Street Corp now owns 12,724,323 shares of the software maker’s stock worth $10,022,059,000 after purchasing an additional 125,990 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Intuit by 7.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker’s stock worth $5,537,435,000 after purchasing an additional 649,212 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Intuit by 1.8% in the second quarter. Geode Capital Management LLC now owns 6,423,636 shares of the software maker’s stock valued at $5,042,107,000 after acquiring an additional 115,721 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Intuit by 6.8% in the first quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker’s stock valued at $3,472,266,000 after acquiring an additional 358,328 shares in the last quarter. Institutional investors own 83.66% of the company’s stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.