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

Key Points

• Intuit shares fell to a new 52-week low after Wells Fargo cut its price target to $360 from $425 while keeping an equal weight rating. The stock traded as low as $321.93, well below its prior close of $383.93.
• Despite the sharp pullback, analysts remain broadly constructive overall: MarketBeat shows a consensus rating of “Moderate Buy” and an average target price of $582.32, even though several firms recently lowered their targets.
• Recent earnings were strong, with Intuit beating expectations on adjusted EPS and revenue and raising full-year guidance. The company also announced an $8 billion buyback authorization, a 15% dividend increase, and a quarterly dividend of $1.20 per share.

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s stock price reached a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $425.00 to $360.00. Wells Fargo & Company currently has an equal weight rating on the stock. Intuit traded as low as $321.93 and last traded at $311.4340, with a volume of 561672 shares changing hands. The stock had previously closed at $383.93.

Other research analysts have also issued reports about the company. Guggenheim set a $633.00 target price on Intuit in a research report on Monday, March 16th. Erste Group Bank raised Intuit to a "hold" rating in a report on Monday, April 27th. The Goldman Sachs Group cut their price objective on shares of Intuit from $720.00 to $519.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. Oppenheimer decreased their price objective on shares of Intuit from $558.00 to $406.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Barclays reaffirmed an "overweight" rating and issued a $443.00 price target (down from $540.00) on shares of Intuit in a report on Thursday. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $582.32.

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.49% of the company's stock.

Intuit News Roundup

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTU. Joseph Group Capital Management purchased a new position in Intuit during the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Intuit in the 4th quarter valued at $25,000. MTM Investment Management LLC lifted its holdings in Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Intuit during the third quarter worth $33,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Intuit during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Price Performance

The stock's 50-day moving average price is $408.90 and its 200 day moving average price is $514.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $84.50 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.61 and a beta of 1.04.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the firm earned $11.65 EPS. Intuit's quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities research analysts expect that Intuit Inc. will post 17.44 earnings per share for the current fiscal year.

Intuit Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit's dividend payout ratio is currently 31.09%.

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.

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