Intuit (NASDAQ:INTU) Shares Gap Up – What’s Next?

Intuit Inc. (NASDAQ:INTU) gapped up before the market opened on Tuesday . The stock had previously closed at $403.16, but opened at $419.06. Intuit shares last traded at $412.9730, with a volume of 772,877 shares traded.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit delivered a beat-and-raise quarter, with adjusted EPS of $12.80 topping estimates and revenue of $8.56 billion slightly ahead of expectations. The company also raised full-year revenue and EPS guidance, which supports the long-term growth story. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: Management announced an $8 billion share repurchase authorization and a 15% dividend increase, signaling confidence in cash flow and capital return capacity. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Several Wall Street firms lowered price targets after the report, including Oppenheimer, UBS, Citigroup, Wells Fargo, and BMO, though most still maintained constructive ratings such as outperform or buy. The Fly analyst update
• Neutral Sentiment: Analysts’ lower targets suggest expectations are being reset closer to the current share price, even as some see meaningful upside over time. BMO Capital price target update
• Negative Sentiment: Investors reacted negatively to the 17% workforce reduction and restructuring charges of $300 million to $340 million, fearing execution risk and weaker near-term sentiment around the business. Reuters workforce reduction report
• Negative Sentiment: TurboTax revenue guidance was trimmed, adding to concerns that growth in the core tax business may be slowing. Yahoo Finance TurboTax forecast article

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on INTU shares. Mizuho lowered their target price on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Argus lowered their price objective on shares of Intuit from $780.00 to $580.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Barclays reiterated an “overweight” rating and issued a $443.00 target price (down from $540.00) on shares of Intuit in a research report on Thursday. Stifel Nicolaus set a $375.00 price target on Intuit and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price target on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $582.32.

Intuit Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $106.18 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.61 and a beta of 1.04. The firm’s 50 day simple moving average is $408.90 and its two-hundred day simple moving average is $514.39.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping 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 return on equity of 24.23% and a net margin of 21.57%.Intuit’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, analysts predict that Intuit Inc. will post 17.44 earnings per share for the current year.

Intuit Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, April 9th. Intuit’s dividend payout ratio is currently 31.09%.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuit

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