Intuit (NASDAQ:INTU) Shares Up 6.7% – Still a Buy?

Intuit Inc. (NASDAQ:INTU) shot up 6.7% on Wednesday . The stock traded as high as $333.33 and last traded at $334.0620. Approximately 2,008,496 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 4,418,487 shares. The stock had previously closed at $312.99.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: INTU may be benefiting from a broader rebound in software stocks, as investors rotated toward enterprise software following weakness in chip and hardware shares. Software Is Beating Chips for Once
• Neutral Sentiment: Intuit is attracting elevated investor attention, which could increase trading activity and volatility but does not provide a clear fundamental signal. Intuit Is Attracting Investor Attention
• Negative Sentiment: TD Cowen downgraded Intuit to Hold from Buy, citing a near-term catalyst path that is skewed negative and could limit a recovery in the shares. The report follows significant reductions in sell-side price targets after Intuit cut its TurboTax growth guidance. TD Cowen Downgrades Intuit
• Negative Sentiment: Several law firms publicized a securities-fraud class action covering investors who purchased INTU securities from August 22, 2025, through May 20, 2026. The complaints allege Intuit overstated TurboTax’s competitive position and growth prospects while failing to disclose customer losses, rising competition and pricing pressure. These allegations have not been proven, but the litigation adds reputational, legal and investor-confidence risk. The lead-plaintiff deadline is September 8, 2026. Intuit Class Action Filing

Wall Street Analyst Weigh In

Several research firms have weighed in on INTU. HSBC cut their target price on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a report on Thursday, May 21st. KeyCorp decreased their price target on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Mizuho reduced their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, May 26th. Finally, Morgan Stanley downgraded Intuit from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $580.00 to $335.00 in a report on Tuesday, July 21st. Twenty research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $462.39.

Intuit Stock Performance

The stock’s 50-day moving average price is $289.92 and its 200 day moving average price is $387.12. The firm has a market cap of $91.07 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last released its earnings results 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. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter last year, the firm earned $11.65 earnings per share. The firm’s revenue for the quarter 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. As a group, equities analysts predict that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio is presently 29.07%.

Insider Activity at Intuit

In related news, Director Vasant M. Prabhu purchased 1,250 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost 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 in the company, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock valued at $348,354 over the last three months. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

A number of hedge funds have recently made changes to their positions in INTU. Betterment LLC boosted its position in Intuit by 2.1% during the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC raised its holdings in shares of Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after buying an additional 18 shares during the last quarter. Quadcap Wealth Management LLC lifted its stake in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after buying an additional 18 shares during the period. PFG Investments LLC increased its position in shares of Intuit by 2.0% in the 4th quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock valued at $606,000 after acquiring an additional 18 shares during the period. Finally, Clear Creek Financial Management LLC lifted its position in Intuit by 2.7% during the 4th quarter. Clear Creek Financial Management LLC now owns 774 shares of the software maker’s stock worth $513,000 after acquiring an additional 20 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

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.