Intuit (NASDAQ:INTU) Reaches New 12-Month Low – Here’s What Happened

Intuit Inc. (NASDAQ:INTU) reached a new 52-week low on Friday . The stock traded as low as $294.29 and last traded at $294.2310, with a volume of 2347155 shares changing hands. The stock had previously closed at $301.98.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Baron Capital highlighted Intuit as a “strong bet” in its latest investor letter, signaling continued institutional confidence in the company’s long-term fundamentals and growth profile. What Makes Intuit (INTU) a Strong Bet?
• Positive Sentiment: Intuit’s CFO and a senior consumer executive are scheduled to present at upcoming investor conferences, which may help reinforce management’s outlook and keep the company visible with institutional investors. Intuit CFO Sandeep Aujla to Present at the Nasdaq Investor Conference
• Positive Sentiment: Market commentary from CNBC’s Jim Cramer and other investors may be supporting interest in the stock, suggesting some traders still view INTU as an attractive software franchise after the selloff. Cramer’s mad dash: Intuit
• Neutral Sentiment: Intuit also appeared in several “best stock” and comparison-style articles, which are generally informational and unlikely to move shares on their own. ServiceNow or Intuit: One of These Software Stocks Is a Better Buy, Says Investor
• Negative Sentiment: Multiple law firms, including Bragar Eagel & Squire, BFA Law, and Pomerantz, announced investigations into Intuit over possible securities-fraud claims tied to the recent stock drop, adding legal overhang and headline risk. Bragar Eagel & Squire, P.C. is Investigating Intuit Inc.
• Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on sentiment if investors interpret the move as a less favorable near-term outlook. Goldman cuts Intuit

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price target on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Northcoast Research lowered their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. BNP Paribas Exane lowered their price objective on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. TD Cowen lowered their price objective on Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Argus lowered their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Twenty-four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $514.58.

Intuit Price Performance

The firm has a market capitalization of $81.36 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.15 and a beta of 0.98. The business has a 50-day moving average of $380.18 and a 200 day moving average of $487.99. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26.

Intuit (NASDAQ:INTU) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the company posted $11.65 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. 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, sell-side analysts predict that Intuit Inc. will post 18.07 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, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Insider Buying and Selling

In related news, Director Vasant M. Prabhu acquired 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This trade represents a 40.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’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 sale, 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 disclosure for this sale is available in the SEC filing. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Brighton Jones LLC increased its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit in the 1st quarter worth approximately $785,564,000. Sivia Capital Partners LLC grew its position in Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC grew its position in Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after buying an additional 51 shares during the period. 83.66% of the stock is owned by institutional investors.

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.