Intuit (NASDAQ:INTU) Sets New 1-Year Low – Here’s What Happened

Intuit Inc. (NASDAQ:INTU)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $300.50 and last traded at $307.4540, with a volume of 955676 shares trading hands. The stock had previously closed at $304.35.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America initiated coverage on Intuit with a Buy rating and a $400 price target, signaling Wall Street still sees meaningful upside from current levels.
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares in two recent transactions, a notable insider vote of confidence after the stock’s drop.
• Positive Sentiment: Several recent analyst pieces remained constructive on Intuit’s long-term case, citing strong TurboTax demand, growth in TurboTax Live, and Intuit’s broader push into AI-powered financial tools.
• Neutral Sentiment: Intuit’s latest earnings were solid overall, with revenue and EPS slightly beating estimates and full-year guidance raised, but that has been overshadowed by the market’s reaction to pricing concerns.
• Negative Sentiment: Multiple law firms have launched or promoted securities-fraud investigations into Intuit over alleged misstatements about TurboTax pricing, keeping legal overhang front and center. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed a notice for mass layoffs in California and Nevada, reinforcing investor concerns that the company is restructuring aggressively as it shifts toward AI. AOL article

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Evercore dropped their target price on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Susquehanna decreased their price target on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research note on Friday, May 22nd. Northcoast Research lowered their price target on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Truist Financial dropped their price objective on Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Twenty-four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $530.16.

Intuit Trading Up 2.9%

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market cap of $85.67 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.24 and a beta of 1.04. The company’s fifty day moving average is $398.54 and its two-hundred day moving average is $504.48.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $11.65 EPS. 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, research analysts predict that Intuit Inc. will post 17.49 EPS for the current fiscal year.

Intuit Dividend Announcement

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

Insider Activity

In related news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the completion of the purchase, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Institutional investors have recently modified their holdings of the stock. GW&K Investment Management LLC grew its position in shares of Intuit by 8.6% in the 3rd quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after buying an additional 16 shares during the last quarter. Cannell & Spears LLC lifted its position in Intuit by 0.4% in the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock valued at $2,641,000 after acquiring an additional 16 shares during the last quarter. Betterment LLC lifted its position in Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after acquiring an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. boosted its stake in Intuit by 4.7% in the third quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after acquiring an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. boosted its stake in Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after acquiring an additional 17 shares in 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.