Royal Bank Of Canada Reiterates Outperform Rating for Intuit (NASDAQ:INTU)

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a note issued to investors on Friday,Benzinga reports. They presently have a $850.00 price objective on the software maker’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 28.18% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Barclays dropped their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Oppenheimer upped their price target on shares of Intuit from $742.00 to $868.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. UBS Group dropped their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Bank of America cut their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Evercore ISI restated an “outperform” rating and set a $875.00 target price on shares of Intuit in a report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $798.13.

Intuit Trading Up 4.0%

INTU opened at $663.15 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $666.30 and its two-hundred day moving average is $707.36. The company has a market capitalization of $184.89 billion, a P/E ratio of 48.26, a PEG ratio of 2.53 and a beta of 1.25. Intuit has a 52 week low of $532.65 and a 52 week high of $813.70.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts forecast that Intuit will post 14.09 earnings per share for the current year.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the sale, the director directly owned 14,475 shares in the company, valued at $9,570,146.25. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of Intuit stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $677.06, for a total transaction of $792,160.20. Following the completion of the sale, the chief financial officer owned 1,295 shares of the company’s stock, valued at $876,792.70. This trade represents a 47.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,407 shares of company stock worth $1,614,913. Insiders own 2.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTU. Norges Bank acquired a new position in shares of Intuit in the 2nd quarter valued at $3,268,830,000. Nuveen LLC acquired a new stake in Intuit during the 1st quarter worth about $882,031,000. Alliancebernstein L.P. grew its stake in Intuit by 183.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the 1st quarter valued at about $785,564,000. Finally, Winslow Capital Management LLC acquired a new position in shares of Intuit in the second quarter valued at about $782,677,000. Hedge funds and other 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.