Intuit (NASDAQ:INTU) Stock Jumps 6.4% – Here’s What Happened

Intuit Inc. (NASDAQ:INTU)’s stock price was up 6.4% during mid-day trading on Thursday. The company traded as high as $328.64 and last traded at $330.30. 650,550 shares were traded during mid-day trading, a decline of 85% from the average session volume of 4,248,629 shares. The stock had previously closed at $310.44.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sequence acquisition expands AI and mid-market capabilities. Intuit agreed to acquire Sequence, a Series A company whose platform automates complex quote-to-revenue workflows, including pricing, contracts, invoicing, collections and revenue recognition. Investors viewed the transaction as a strategic expansion of Intuit Enterprise Suite and QuickBooks Online Advanced into larger and more sophisticated businesses. Financial terms were not disclosed. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Intuit Intelligence is now available internationally. The wider rollout of Intuit’s AI platform across international markets could increase adoption of its unified ecosystem, including QuickBooks, TurboTax, Credit Karma, Mailchimp and Intuit Enterprise Suite. The announcement reinforces management’s broader effort to use AI to drive customer productivity and cross-selling. Intuit Intelligence Now Available Internationally
• Positive Sentiment: Fundamentals provide support. Intuit’s latest reported quarter exceeded revenue and earnings expectations, with revenue increasing 13.7% year over year. The company also issued fiscal 2027 EPS guidance of $22.88–$23.12, helping underpin the longer-term growth narrative.
• Neutral Sentiment: Investor attention is high, but the Zacks reports add little new information. Multiple articles primarily note that INTU is among the most-searched stocks, suggesting elevated interest following the Sequence announcement rather than identifying a separate fundamental catalyst. Intuit Is Attracting Investor Attention
• Negative Sentiment: Volatility and mixed ownership signals remain risks. The stock has suffered a substantial 12-month decline, while reported institutional activity shows both large purchases and sizable reductions. Recent insider trading has also been weighted toward sales, potentially limiting enthusiasm after the acquisition-driven rally.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup reduced their price target on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Intuit in a research report on Tuesday, September 8th. Wells Fargo & Company decreased their target price on shares of Intuit from $360.00 to $300.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 26th. Royal Bank Of Canada restated an “outperform” rating and set a $385.00 target price on shares of Intuit in a report on Friday, October 2nd. Finally, Piper Sandler boosted their target price on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Price Performance

The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $86.89 billion, a P/E ratio of 19.71, a PEG ratio of 0.96 and a beta of 1.01. The business has a fifty day moving average of $321.16 and a 200 day moving average of $328.62.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, October 8th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Intuit’s previous quarterly dividend of $1.20. The ex-dividend date was Thursday, October 8th. Intuit’s dividend payout ratio is 33.45%.

Insider Activity at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $3,751,726.16. This represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Hedge funds have recently bought and sold shares of the business. XXEC Inc. acquired a new position in shares of Intuit during the 2nd quarter worth approximately $436,740,000. BlackRock Inc. acquired a new stake in shares of Intuit in the second quarter valued at approximately $6,851,859,000. Corient Private Wealth LP acquired a new stake in shares of Intuit in the second quarter valued at approximately $40,545,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Intuit by 102.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after buying an additional 1,972,719 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intuit by 6.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after buying an additional 215,814 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.