Intuit’s (INTU) “Hold” Rating Reiterated at Truist Financial

by · The Markets Daily

Truist Financial restated their hold rating on shares of Intuit (NASDAQ:INTU – Free Report) in a research report released on Monday, MarketBeat.com reports. The brokerage currently has a $350.00 target price on the software maker’s stock, down from their previous target price of $410.00.

Other research analysts have also issued reports about the stock. BMO Capital Markets lowered their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. KeyCorp decreased their price target on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. BNP Paribas Exane lowered their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Argus dropped their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Finally, Wells Fargo & Company reduced their price objective on Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Nineteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $460.45.

Check Out Our Latest Research Report on Intuit

Intuit Price Performance

Intuit stock opened at $327.94 on Monday. The company has a market cap of $89.70 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. Intuit has a one year low of $252.84 and a one year high of $786.28. The business has a fifty day moving average of $289.76 and a two-hundred day moving average of $374.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the prior year, the company posted $11.65 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, analysts predict that Intuit will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s payout ratio is 29.07%.

Insider Activity

In related news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 1,250 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director owned 1,250 shares in the company, valued at approximately $386,812.50. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,239 shares of company stock valued at $348,354 in the last three months. 2.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuit

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after purchasing an additional 296,448 shares in the last quarter. State Street Corp grew its stake in shares of Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Intuit by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock valued at $4,369,488,000 after buying an additional 87,451 shares during the period. Morgan Stanley lifted its position in Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock worth $3,378,912,000 after acquiring an additional 60,910 shares in the last quarter. Finally, Norges Bank purchased a new position in Intuit in the 4th quarter worth approximately $3,058,407,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

  • Positive Sentiment: Intuit participated in a broader software-sector advance, which provided a near-term trading tailwind. The company’s latest reported quarter also showed resilient fundamentals, with revenue up 10.4% year over year and earnings modestly exceeding consensus estimates. Intuit, BILL, Workiva, Elastic, and Autodesk Stocks Trade Up
  • Neutral Sentiment: Multiple law firms—including Rosen, Kessler Topaz Meltzer & Check, Faruqi & Faruqi, and Howard G. Smith—are soliciting investors who purchased INTU securities between August 22, 2025, and May 20, 2026 to seek lead-plaintiff status by September 8, 2026. These announcements largely repeat the same pending securities-fraud litigation rather than represent separate new cases. Howard G. Smith Deadline Alert Rosen Intuit Securities Class Action Notice
  • Negative Sentiment: The underlying lawsuit alleges that Intuit and certain executives misrepresented TurboTax’s growth prospects, competitive advantages, AI-driven momentum, and pricing issues, contributing to a reported stock decline of more than 20% during the class period. The claims remain allegations, but the litigation creates legal, reputational, and potential financial risks. Intuit Pricing Issues Securities Fraud Class Action
  • Negative Sentiment: Truist downgraded Intuit from Buy to Hold and reduced its price target from $410 to $350, citing a softening near-term growth outlook and a lack of immediate catalysts. The cautious call may limit upside until investors see clearer evidence of renewed growth. Intuit Cut to Hold at Truist

Intuit Company Profile

(Get Free Report)

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.

Featured Articles