Intuit (NASDAQ:INTU) Given New $624.00 Price Target at BMO Capital Markets

Intuit (NASDAQ:INTU) had its target price reduced by BMO Capital Markets from $810.00 to $624.00 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have an outperform rating on the software maker’s stock.

Several other research firms have also weighed in on INTU. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. KeyCorp reduced their price objective on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Evercore reiterated an “outperform” rating and issued a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group started coverage on shares of Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target for the company. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $772.42.

Intuit Stock Down 3.7%

Intuit stock opened at $421.39 on Tuesday. The company has a market capitalization of $117.26 billion, a P/E ratio of 28.80, a P/E/G ratio of 1.79 and a beta of 1.24. Intuit has a 1-year low of $411.11 and a 1-year high of $813.70. The firm’s fifty day simple moving average is $598.12 and its 200-day simple moving average is $651.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its earnings results 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. 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 analyst estimates of $3.76 billion. During the same period last year, the company earned $2.50 earnings per share. The business’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. Sell-side analysts forecast that Intuit will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Buying and Selling at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $668.02, for a total value of $936,564.04. Following the sale, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tortoise Investment Management LLC grew its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the period. Joseph Group Capital Management acquired a new stake in shares of Intuit during the fourth quarter worth $25,000. Westside Investment Management Inc. increased its holdings in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after purchasing an additional 21 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in Intuit in the second quarter valued at about $28,000. Finally, True Wealth Design LLC lifted its stake in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: CNBC personality and market influencer Jim Cramer publicly said he would buy Intuit “right here, right now,” which can attract retail buying and short‑term demand. Jim Cramer on Intuit: “I’d Be a Buyer Right Here, Right Now”
• Positive Sentiment: Strategists at major banks say recent software weakness from AI disruption fears creates a buying opportunity for high‑quality names—an argument that supports a rebound thesis for Intuit given its recurring revenue and market position. AI disruption fears create buying chance in US software stocks, strategists say
• Positive Sentiment: Analyst and commentary pieces (Seeking Alpha) are framing the large pullback as an attractive entry after an AI‑driven selloff, arguing Intuit’s fundamentals and regulated footprint make it resilient—this can support medium‑term investor interest. Intuit: Finally Attractive After AI-Driven 50% Selloff (Rating Upgrade)
• Positive Sentiment: Product development: Mailchimp enhancements and expanded SMS/automation rolls out to many international markets, supporting cross‑sell and revenue growth in Intuit’s commerce/marketing businesses. Product news helps the growth narrative. Intuit Mailchimp unlocks a new era of profitable ecommerce marketing
• Neutral Sentiment: Market breadth: The Nasdaq rebound and improved Fear & Greed index indicate broader sentiment may stabilize, which could help software names if the rally continues. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Neutral Sentiment: Short interest data reported appears anomalous (shows 0 shares / NaN change and 0 days‑to‑cover); no clear sign of elevated short pressure from the available report. (Treat the metric as unreliable until clarified.)
• Negative Sentiment: Analyst price‑target cuts from BMO (810 → 624) and TD Cowen (802 → 658) reduced upside expectations despite both keeping buy/outperform stances; downward revisions signal lower near‑term model assumptions and weigh on sentiment. INTU price target lowered at BMO Capital TD Cowen adjusts price target on Intuit
• Negative Sentiment: Short‑term price action: commentary notes Intuit fell more than the broader market on the latest down day, reflecting concentrated selling pressure and sector rotation away from expensive software names. Intuit (INTU) Suffers a Larger Drop Than the General Market

About Intuit

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.