Intuit (NASDAQ:INTU) Hits New 52-Week Low After Analyst Downgrade

Intuit Inc. (NASDAQ:INTU) shares hit a new 52-week low during mid-day trading on Wednesday after Daiwa Securities Group lowered their price target on the stock from $640.00 to $500.00. Daiwa Securities Group currently has a buy rating on the stock. Intuit traded as low as $300.50 and last traded at $307.4540, with a volume of 955676 shares. The stock had previously closed at $304.35.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group lowered their target price on shares of Intuit from $720.00 to $519.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Stifel Nicolaus lowered their target price on shares of Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Susquehanna lowered their target price on shares of Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research note on Friday, May 22nd. KeyCorp lowered their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Truist Financial lowered their target price on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $525.65.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Vasant M. Prabhu acquired 1,250 shares of Intuit stock in a transaction that occurred 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 acquisition, the director owned 1,250 shares in the company, valued at $386,812.50. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America reiterated a Buy rating on Intuit and assigned a $400 price target, saying the company’s valuation does not fully reflect its durable competitive position, strong margins, and growth potential. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Intuit expanded Mailchimp AI tools and integrations, adding Analytics AI and deeper connections with platforms like Claude, Shopify, Wix, WooCommerce, and Canva, which could support small-business growth and reinforce its AI story. Article: Intuit Expands Mailchimp AI Tools And Integrations For Small Business Growth
• Positive Sentiment: Argus maintained a Buy rating on Intuit, even after trimming its price target to $480, suggesting analysts still see meaningful upside if the company executes on growth and profitability. Article: Argus Maintains Buy Rating on Intuit (INTU)
• Neutral Sentiment: Intuit continues to attract investor attention, and recent coverage noted that some analysts still view the stock as a potential long-term value opportunity despite its steep pullback this year. Article: Intuit Inc. (INTU) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A new bill aimed at payment-processing security mentioned Intuit as a potentially affected company, but it is only a proposal and its impact remains uncertain. Article: New Bill: Representative Ben Cline introduces H.R. 8787
• Negative Sentiment: Two law firms launched investigations into Intuit over alleged securities law violations tied to pricing issues and potential misleading statements, which could create overhang from litigation and reputational risk. Article: INTU Securities News: Intuit Investigated for Securities Fraud Over Pricing Issues
• Negative Sentiment: Bragar Eagel & Squire also announced a shareholder investigation into Intuit, reinforcing concerns that the stock may face continued legal pressure after its recent weakness. Article: INTUIT STOCKHOLDER ALERT

Institutional Trading of Intuit

Institutional investors and hedge funds have recently bought and sold shares of the stock. NEOS Investment Management LLC boosted its stake in Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after buying an additional 47,330 shares during the last quarter. Varma Mutual Pension Insurance Co lifted its stake in shares of Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after purchasing an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new position in shares of Intuit in the 3rd quarter valued at about $1,465,000. Crossmark Global Holdings Inc. lifted its stake in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after purchasing an additional 10,661 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Up 1.7%

The firm has a market capitalization of $85.62 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $392.72 and a two-hundred day moving average price of $499.68.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, equities analysts expect that Intuit Inc. will post 17.6 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

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.