Intuit (NASDAQ:INTU) Stock Price Down 4.6% - Here's What Happened

Key Points

• Shares fell 4.6% intraday to about $452.05 (previous close $473.67) on Tuesday, with trading volume roughly 1.17 million shares — down about 72% from the average daily volume.
• Intuit beat Q4 estimates, reporting EPS of $4.15 vs. $3.68 expected and revenue of $4.65B, while issuing Q3 and FY2026 EPS guidance (Q3: 12.450–12.510; FY: 22.980–23.180); analysts have pared price targets, leaving an average target of $643.29 and a consensus "Moderate Buy" rating.
• The company declared a quarterly dividend of $1.20 per share (1.0% yield), while insiders sold roughly 120,168 shares (~$79.9M) over the last quarter, including a $50.5M sale by co-founder Scott Cook.

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s share price was down 4.6% on Tuesday . The stock traded as low as $448.27 and last traded at $452.0530. Approximately 1,170,701 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 4,238,923 shares. The stock had previously closed at $473.67.

Analyst Ratings Changes

A number of research firms recently issued reports on INTU. Citigroup lowered their target price on Intuit from $803.00 to $649.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Wells Fargo & Company reduced their price objective on shares of Intuit from $700.00 to $425.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 24th. Mizuho lowered their price objective 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. Susquehanna dropped their target price on shares of Intuit from $819.00 to $720.00 and set a "positive" rating on the stock in a report on Tuesday, February 24th. Finally, Jefferies Financial Group set a $650.00 target price on shares of Intuit in a research note on Sunday, February 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Intuit has an average rating of "Moderate Buy" and an average target price of $643.29.

Intuit Stock Down 3.2%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $126.82 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27. The business's 50 day moving average is $499.40 and its 200 day moving average is $605.97.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.47. The company had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, April 9th. Intuit's payout ratio is 31.09%.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares of the company's stock, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott D. Cook sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the sale, the director owned 5,669,584 shares of the company's stock, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 120,168 shares of company stock worth $79,899,156 over the last quarter. Company insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Intuit

Institutional investors and hedge funds have recently modified their holdings of the stock. Tortoise Investment Management LLC boosted its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker's stock valued at $25,000 after purchasing an additional 27 shares during the last quarter. Joseph Group Capital Management acquired a new position in Intuit in the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Intuit during the 4th quarter worth about $25,000. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit during the 2nd quarter valued at about $28,000. Finally, MTM Investment Management LLC lifted its holdings in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock valued at $32,000 after buying an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other 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.

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