Intuit (NASDAQ:INTU) Hits New 12-Month Low Following Analyst Downgrade

Intuit Inc. (NASDAQ:INTU) shares hit a new 52-week low on Wednesday after Oppenheimer lowered their price target on the stock from $868.00 to $696.00. Oppenheimer currently has an outperform rating on the stock. Intuit traded as low as $427.26 and last traded at $434.09, with a volume of 7561025 shares trading hands. The stock had previously closed at $487.12.

INTU has been the topic of a number of other reports. TD Cowen assumed coverage on Intuit in a report on Thursday, January 8th. They issued a “buy” rating and a $802.00 target price on the stock. BMO Capital Markets decreased their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 price objective (down from $840.00) on shares of Intuit in a research report on Thursday, January 8th. Evercore ISI reiterated an “outperform” rating and set a $875.00 price objective on shares of Intuit in a research note on Tuesday, November 18th. Finally, Daiwa Capital Markets raised their target price on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $785.12.

Insider Activity at Intuit

In other news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the sale, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 388,464 shares of company stock valued at $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bull case published highlighting Intuit’s strong fundamentals, revenue growth and long-term TAM; suggests current pullback could present a buying opportunity for long-term investors. Intuit Inc. (INTU): A Bull Case Theory
• Positive Sentiment: New partnership with Affirm aimed at SMBs — could expand payment and financing options in Intuit’s merchant stack, supporting revenue and cross-sell into QuickBooks customers. How Will SMBs Benefit from Intuit and Affirm’s Partnership?
• Positive Sentiment: High-profile marketing/PR at Super Bowl LX (financial literacy forum featuring Christian McCaffrey) boosts brand visibility and consumer goodwill for TurboTax/Intuit products. McCaffrey Headlines Intuit Financial Literacy Forum At Super Bowl LX
• Positive Sentiment: Unusual options activity: a large block of call buying suggests some investors are speculating on a rebound or hedging, which can create intraday buying interest. (Market data entry)
• Neutral Sentiment: New Mailchimp report and marketing content release reinforce product engagement initiatives but are unlikely to move near-term revenue materially. New Intuit Mailchimp Report Reveals What Marketers Overlook
• Negative Sentiment: Analyst downgrade(s) and a cited price target cut triggered selling — multiple headlines reported INTU trading down sharply after the downgrade, pushing the stock toward a 12‑month low. Analyst sentiment is the primary near-term driver of the decline. Intuit (NASDAQ:INTU) Trading Down 7.3% After Analyst Downgrade
• Negative Sentiment: Oppenheimer lowered expectations for INTU, adding to resale pressure by signaling weaker near-term growth/valuation upside in analyst models. Oppenheimer Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price
• Negative Sentiment: TurboTax experienced a New York state‑filing outage (since fixed) — short-term reputational and transaction frictions can dent confidence during peak filing season, amplifying downside when paired with downgrades. Turbo Tax issue prevents filing of NY State returns

Institutional Investors Weigh In On Intuit

A number of hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its position in shares of Intuit by 9.0% during the second quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock worth $13,609,000 after acquiring an additional 1,433 shares during the period. Nicholson Wealth Management Group LLC acquired a new position in Intuit during the 3rd quarter worth $1,465,000. Hantz Financial Services Inc. grew its stake in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after purchasing an additional 10,661 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in Intuit during the 2nd quarter worth about $1,733,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Intuit by 11.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,211 shares of the software maker’s stock valued at $99,166,000 after purchasing an additional 15,471 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Stock Down 2.4%

The firm has a market cap of $121.02 billion, a PE ratio of 29.73, a PEG ratio of 1.82 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $610.09 and a 200-day moving average price of $660.18.

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

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders 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 1.1%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

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.