Intuit (NASDAQ:INTU) Reaches New 1-Year Low on Analyst Downgrade

Shares of Intuit Inc. (NASDAQ:INTU) reached a new 52-week low during trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $425.00 to $360.00. Wells Fargo & Company currently has an equal weight rating on the stock. Intuit traded as low as $321.93 and last traded at $311.4340, with a volume of 561672 shares changing hands. The stock had previously closed at $383.93.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Intuit in a research note on Thursday. Argus decreased their target price on shares of Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Rothschild & Co Redburn upgraded shares of Intuit from a “neutral” rating to a “buy” rating and lifted their price target for the company from $670.00 to $700.00 in a research report on Tuesday, March 10th. Evercore restated an “outperform” rating and issued a $400.00 price objective (down from $540.00) on shares of Intuit in a report on Thursday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $550.00 target price (down from $650.00) on shares of Intuit in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average target price of $582.32.

Insider Transactions 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, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.49% of the stock is owned by company insiders.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit delivered a beat-and-raise quarter, with adjusted EPS of $12.80 topping estimates and revenue of $8.56 billion slightly ahead of expectations. The company also raised full-year revenue and EPS guidance, which supports the long-term growth story. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: Management announced an $8 billion share repurchase authorization and a 15% dividend increase, signaling confidence in cash flow and capital return capacity. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Several Wall Street firms lowered price targets after the report, including Oppenheimer, UBS, Citigroup, Wells Fargo, and BMO, though most still maintained constructive ratings such as outperform or buy. The Fly analyst update
• Neutral Sentiment: Analysts’ lower targets suggest expectations are being reset closer to the current share price, even as some see meaningful upside over time. BMO Capital price target update
• Negative Sentiment: Investors reacted negatively to the 17% workforce reduction and restructuring charges of $300 million to $340 million, fearing execution risk and weaker near-term sentiment around the business. Reuters workforce reduction report
• Negative Sentiment: TurboTax revenue guidance was trimmed, adding to concerns that growth in the core tax business may be slowing. Yahoo Finance TurboTax forecast article

Institutional Investors Weigh In On Intuit

A number of institutional investors and hedge funds have recently bought and sold shares of INTU. Joseph Group Capital Management acquired a new stake in shares of Intuit during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit during the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC increased its position in Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new position in Intuit during the first quarter worth approximately $30,000. Finally, MTM Investment Management LLC lifted its stake in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after buying an additional 27 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Price Performance

The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $84.50 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.61 and a beta of 1.04. The company has a fifty day moving average price of $408.90 and a two-hundred day moving average price of $514.39.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 EPS. Intuit’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. On average, equities research analysts expect that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, April 9th. Intuit’s payout ratio is 31.09%.

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.