Intuit (INTU) – Research Analysts’ Recent Ratings Changes

Intuit (NASDAQ: INTU) has recently received a number of price target changes and ratings updates:

• 12/4/2024 – Intuit was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/22/2024 – Intuit had its price target lowered by analysts at Barclays PLC from $800.00 to $775.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Intuit had its price target lowered by analysts at Piper Sandler from $768.00 to $765.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Intuit had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $760.00 price target on the stock.
• 11/22/2024 – Intuit had its price target raised by analysts at Oppenheimer Holdings Inc. from $712.00 to $722.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – Intuit had its price target raised by analysts at JPMorgan Chase & Co. from $600.00 to $640.00. They now have a “neutral” rating on the stock.
• 11/22/2024 – Intuit was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/22/2024 – Intuit had its price target raised by analysts at Morgan Stanley from $685.00 to $730.00. They now have an “equal weight” rating on the stock.
• 11/22/2024 – Intuit had its price target raised by analysts at Jefferies Financial Group Inc. from $790.00 to $800.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Intuit had its price target lowered by analysts at Stifel Nicolaus from $795.00 to $725.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Intuit is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $700.00 price target on the stock.
• 11/15/2024 – Intuit had its price target raised by analysts at Barclays PLC from $740.00 to $800.00. They now have an “overweight” rating on the stock.

Intuit Stock Up 0.3 %

Shares of INTU stock opened at $636.02 on Wednesday. The company has a market cap of $178.03 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24. The stock’s fifty day moving average price is $633.89 and its 200 day moving average price is $630.95. Intuit Inc. has a 1-year low of $557.29 and a 1-year high of $714.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. Intuit had a return on equity of 18.25% and a net margin of 17.59%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, research analysts expect that Intuit Inc. will post 14.07 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 9th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, January 9th. Intuit’s dividend payout ratio is currently 40.39%.

Insider Transactions at Intuit

In other news, Director Eve B. Burton sold 2,988 shares of Intuit stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $649.87, for a total transaction of $1,941,811.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alex G. Balazs sold 2,941 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $628.76, for a total transaction of $1,849,183.16. Following the transaction, the executive vice president now owns 20 shares of the company’s stock, valued at approximately $12,575.20. The trade was a 99.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,324 shares of company stock valued at $75,803,690. 2.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuit

A number of institutional investors and hedge funds have recently bought and sold shares of INTU. State Street Corp raised its holdings in shares of Intuit by 1.8% in the third quarter. State Street Corp now owns 12,317,086 shares of the software maker’s stock valued at $7,648,910,000 after buying an additional 221,885 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Intuit by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,978,713 shares of the software maker’s stock worth $3,701,762,000 after acquiring an additional 80,463 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Intuit by 2.9% in the third quarter. Fisher Asset Management LLC now owns 3,827,671 shares of the software maker’s stock valued at $2,376,984,000 after buying an additional 107,482 shares in the last quarter. Legal & General Group Plc raised its position in shares of Intuit by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,340,555 shares of the software maker’s stock worth $1,538,236,000 after purchasing an additional 23,995 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Intuit by 4.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,300,789 shares of the software maker’s stock valued at $1,428,790,000 after purchasing an additional 87,517 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

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.