Intuit (NASDAQ:INTU) Sets New 12-Month Low – Here’s What Happened

Intuit Inc. (NASDAQ:INTU) hit a new 52-week low on Tuesday . The stock traded as low as $530.53 and last traded at $539.1880, with a volume of 946509 shares changing hands. The stock had previously closed at $545.29.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTU. Wall Street Zen upgraded Intuit from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. 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 research report on Thursday, January 8th. Wolfe Research cut their price objective on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Cowen assumed coverage on shares of Intuit in a research note on Wednesday, January 7th. They issued a “buy” rating for the company. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $794.62.

Intuit Price Performance

The business has a fifty day moving average of $646.44 and a two-hundred day moving average of $681.84. 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 $147.19 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25.

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

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a $1.20 dividend. The ex-dividend date was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. Intuit’s dividend payout ratio is 32.81%.

Insider Activity at Intuit

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the sale, the director directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 388,464 shares of company stock valued at $255,514,393 in the last 90 days. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INTU. Westwood Wealth Management acquired a new position in shares of Intuit in the fourth quarter valued at about $343,000. Princeton Global Asset Management LLC boosted its holdings in Intuit by 95.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 13,305 shares of the software maker’s stock valued at $8,813,000 after purchasing an additional 6,502 shares during the period. Ascent Group LLC boosted its holdings in Intuit by 27.1% in the 4th quarter. Ascent Group LLC now owns 4,037 shares of the software maker’s stock valued at $2,674,000 after purchasing an additional 860 shares during the period. Savvy Advisors Inc. grew its position in shares of Intuit by 27.9% during the 4th quarter. Savvy Advisors Inc. now owns 4,747 shares of the software maker’s stock worth $3,145,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its holdings in shares of Intuit by 5.5% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 444 shares of the software maker’s stock worth $294,000 after purchasing an additional 23 shares during the period. Institutional investors own 83.66% of the company’s stock.

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.