Wells Fargo & Company Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price objective reduced by Wells Fargo & Company from $880.00 to $840.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 26.67% from the company’s previous close.

INTU has been the topic of several other reports. Independent Research set a $875.00 price objective on shares of Intuit in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Rothschild & Co Redburn boosted their price target on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. KeyCorp reduced their price objective on Intuit from $850.00 to $825.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, Zacks Research downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $798.13.

Intuit Trading Up 4.0%

INTU opened at $663.15 on Friday. The firm has a market cap of $184.89 billion, a price-to-earnings ratio of 48.26, a price-to-earnings-growth 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. The business’s 50 day moving average is $666.30 and its two-hundred day moving average is $707.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

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

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at $9,570,146.25. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sandeep Aujla sold 1,170 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $677.06, for a total value of $792,160.20. Following the completion of the sale, the chief financial officer directly owned 1,295 shares of the company’s stock, valued at approximately $876,792.70. This trade represents a 47.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,407 shares of company stock worth $1,614,913 over the last three months. 2.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuit

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after purchasing an additional 482 shares during the last quarter. Wealth Group Ltd. acquired a new stake in Intuit in the first quarter valued at $493,000. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the first quarter valued at $785,564,000. Finally, Wedbush Securities Inc. boosted its position in shares of Intuit by 8.5% in the 1st quarter. Wedbush Securities Inc. now owns 2,165 shares of the software maker’s stock worth $1,329,000 after buying an additional 169 shares in the last quarter. 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.