Intuit (NASDAQ:INTU) Sets New 12-Month Low – Time to Sell?

Intuit Inc. (NASDAQ:INTU)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $382.82 and last traded at $386.0090, with a volume of 272548 shares. The stock had previously closed at $399.40.

Analyst Ratings Changes

A number of brokerages have weighed in on INTU. Weiss Ratings lowered shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 price target (down previously from $840.00) on shares of Intuit in a report on Thursday, January 8th. Evercore restated an “outperform” rating and set a $875.00 target price on shares of Intuit in a research note on Tuesday, November 18th. Daiwa Securities Group increased their price target on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, TD Cowen decreased their price target on Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Twenty-two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $772.42.

Intuit Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s 50-day moving average is $577.22 and its two-hundred day moving average is $640.09. The company has a market cap of $105.14 billion, a P/E ratio of 25.80, a PEG ratio of 1.63 and a beta of 1.24.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Analysts anticipate that Intuit Inc. will post 14.09 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the transaction, the director owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. The trade was a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was 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 owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 388,464 shares of company stock valued at $255,514,393 over the last quarter. Company 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 the company. Norges Bank purchased a new stake in shares of Intuit in the fourth quarter worth approximately $3,058,407,000. Alliancebernstein L.P. increased its stake in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after purchasing an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the first quarter worth $785,564,000. Winslow Capital Management LLC purchased a new stake in shares of Intuit during the second quarter valued at $782,677,000. Finally, Vanguard Group Inc. grew its holdings in shares of Intuit by 3.3% in the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after purchasing an additional 914,024 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

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.