KeyCorp Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price target lowered by stock analysts at KeyCorp from $825.00 to $750.00 in a research report issued on Friday,MarketScreener reports. The firm currently has an “overweight” rating on the software maker’s stock. KeyCorp’s price objective would suggest a potential upside of 32.99% from the stock’s current price.

INTU has been the topic of several other reports. Wolfe Research reduced their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. TD Cowen began coverage on Intuit in a report on Thursday, January 8th. They set a “buy” rating and a $802.00 price target for the company. Evercore ISI reaffirmed an “outperform” rating and issued a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Independent Research set a $875.00 target price on Intuit in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $791.73.

Intuit Stock Performance

NASDAQ INTU opened at $563.97 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. Intuit has a twelve month low of $520.69 and a twelve month high of $813.70. The business has a 50-day moving average price of $637.23 and a 200-day moving average price of $675.80. The firm has a market cap of $156.94 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the firm earned $2.50 EPS. The firm’s revenue was up 18.3% compared to the same quarter last year. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, equities research analysts predict that Intuit will post 14.09 EPS for the current fiscal year.

Insider Activity

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the transaction, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intuit

Several hedge funds have recently bought and sold shares of INTU. Bingham Private Wealth LLC purchased a new stake in Intuit in the fourth quarter worth $216,000. Sunpointe LLC increased its stake in Intuit by 15.4% in the 4th quarter. Sunpointe LLC now owns 375 shares of the software maker’s stock worth $248,000 after buying an additional 50 shares during the period. Farther Finance Advisors LLC increased its stake in Intuit by 14.1% in the 4th quarter. Farther Finance Advisors LLC now owns 12,921 shares of the software maker’s stock worth $8,559,000 after buying an additional 1,599 shares during the period. Tyche Wealth Partners LLC bought a new stake in Intuit during the 4th quarter valued at about $593,000. Finally, Natural Investments LLC boosted its position in Intuit by 12.4% in the 4th quarter. Natural Investments LLC now owns 1,350 shares of the software maker’s stock valued at $894,000 after buying an additional 149 shares during the period. Institutional investors own 83.66% of the company’s stock.

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.