Intuit (NASDAQ:INTU) Shares Down 4.6% – Time to Sell?

Intuit Inc. (NASDAQ:INTU)’s stock price dropped 4.6% during trading on Tuesday . The company traded as low as $448.27 and last traded at $452.0530. Approximately 1,170,701 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 4,238,923 shares. The stock had previously closed at $473.67.

Analysts Set New Price Targets

INTU has been the subject of a number of analyst reports. Mizuho reduced their target price on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. BNP Paribas Exane cut their price target on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a report on Monday, February 23rd. Daiwa Securities Group reduced their price objective on shares of Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Royal Bank Of Canada cut their target price on Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, The Goldman Sachs Group reduced their price target on Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $643.29.

Intuit Trading Down 3.2%

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average is $499.40 and its 200-day moving average is $605.97. The firm has a market capitalization of $126.82 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.93 and a beta of 1.27.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 9th will be paid a $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. Intuit’s payout ratio is presently 31.09%.

Insiders Place Their Bets

In related news, Director Scott D. Cook sold 75,000 shares of the 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 sale, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were 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 directly owned 13,611 shares in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,168 shares of company stock worth $79,899,156 over the last quarter. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently modified their holdings of INTU. PeakShares LLC bought a new stake in shares of Intuit in the 4th quarter worth approximately $1,081,000. Corient Private Wealth LLC increased its position in shares of Intuit by 7.2% during the fourth quarter. Corient Private Wealth LLC now owns 144,983 shares of the software maker’s stock valued at $96,073,000 after purchasing an additional 9,694 shares during the period. Union Savings Bank acquired a new position in shares of Intuit in the fourth quarter valued at $467,000. Hsbc Holdings PLC lifted its position in Intuit by 8.0% in the fourth quarter. Hsbc Holdings PLC now owns 719,257 shares of the software maker’s stock worth $476,726,000 after purchasing an additional 53,201 shares during the period. Finally, Worthington Financial Partners LLC acquired a new stake in Intuit during the fourth quarter worth $830,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

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.