Intuit (NASDAQ:INTU) Given New $658.00 Price Target at TD Cowen

Intuit (NASDAQ:INTU) had its price target trimmed by TD Cowen from $802.00 to $658.00 in a research report released on Monday, Marketbeat reports. The brokerage currently has a buy rating on the software maker’s stock.

Other research analysts have also recently issued research reports about the stock. Truist Financial assumed coverage on shares of Intuit in a research report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price target on the stock. UBS Group set a $739.00 target price on shares of Intuit in a report on Tuesday, January 6th. Daiwa Securities Group increased their price target on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Weiss Ratings lowered shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday. Finally, BMO Capital Markets lowered their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Intuit currently has an average rating of “Moderate Buy” and a consensus target price of $779.58.

Intuit Trading Down 1.4%

Shares of Intuit stock opened at $437.50 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $602.40 and its 200-day simple moving average is $653.94. The stock has a market cap of $121.74 billion, a P/E ratio of 29.90, a P/E/G ratio of 1.81 and a beta of 1.24. Intuit has a 1-year low of $411.11 and a 1-year high of $813.70.

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

Intuit Announces Dividend

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

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock valued at $255,514,393 in the last quarter. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Intuit by 3.1% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,798 shares of the software maker’s stock worth $9,140,000 after buying an additional 413 shares during the period. Geode Capital Management LLC grew its holdings in Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after acquiring an additional 87,451 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Intuit by 5.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 2,068 shares of the software maker’s stock valued at $1,370,000 after purchasing an additional 100 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Intuit by 11.1% in the 4th quarter. King Luther Capital Management Corp now owns 73,594 shares of the software maker’s stock valued at $48,750,000 after purchasing an additional 7,362 shares in the last quarter. Finally, Employees Retirement System of Texas lifted its position in shares of Intuit by 60.6% during the 4th quarter. Employees Retirement System of Texas now owns 11,869 shares of the software maker’s stock worth $7,862,000 after purchasing an additional 4,480 shares during the last quarter. Hedge funds and other 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.