Intuit (NASDAQ:INTU) Reaches New 12-Month Low – Should You Sell?

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

Analyst Ratings Changes

Several research firms have recently weighed in on INTU. Oppenheimer decreased their price target on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Finally, Independent Research set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Twenty-two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $772.42.

Intuit Stock Down 5.4%

The business’s fifty day moving average price is $577.22 and its two-hundred day moving average price is $640.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization 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 posted its earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The company 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%. Intuit’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 388,464 shares of company stock valued at $255,514,393 in the last 90 days. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently made changes to their positions in INTU. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the period. Joseph Group Capital Management purchased a new position in shares of Intuit in the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit during the fourth quarter worth about $25,000. Westside Investment Management Inc. lifted its holdings in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares during the period. Finally, Sagard Holdings Management Inc. purchased a new stake in Intuit in the second quarter valued at approximately $28,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.