Intuit (NASDAQ:INTU) Stock Price Down 7.1% - Here's Why

Key Points

• Intuit shares fell 7.1% to about $362 on Thursday after an afternoon selloff that followed Anthropic’s Managed Agents announcement and prompted short-term profit‑taking in AI‑exposed software stocks, while some analysts trimmed valuations citing AI risk and competition.
• Underlying fundamentals remain solid: Intuit posted an earnings beat ($4.15 vs. $3.68) with revenue up 17.4% year‑over‑year, provided FY/Q3 guidance, and retains a consensus rating of "Moderate Buy" with an average target near $638.
• Strategic progress includes completing FedNow certification to enable instant payments for SMBs—strengthening QuickBooks’ payments offering—and the company declared a $1.20 quarterly dividend (≈1.3% yield).

Intuit Inc. (NASDAQ:INTU - Get Free Report)'s share price dropped 7.1% during trading on Thursday . The company traded as low as $361.80 and last traded at $361.9590. Approximately 3,700,064 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 3,874,032 shares. The stock had previously closed at $389.51.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit completed the Federal Reserve's FedNow® certification, enabling instant payments for small- and mid-market customers — a product/rails win that can improve cash-flow value for QuickBooks customers and strengthen Intuit’s SMB payments offering. Intuit Completes FedNow® Service Certification to Accelerate Instant Payments for Small and Mid‑Market Businesses
• Positive Sentiment: Zacks and other outlets include INTU on lists of earnings-acceleration/stock picks, highlighting momentum from recent revenue and EPS strength — a signal that some investors/strategists remain bullish on Intuit’s growth trajectory. 3 Best Earnings Acceleration Stocks to Buy Now for April 2026
• Positive Sentiment: Brokerage consensus remains constructive (consensus rating of "Moderate Buy"), which supports investor confidence that fundamentals and cash generation remain solid. Intuit Inc. NASDAQ: INTU Receives Consensus Rating of "Moderate Buy" from Brokerages
• Neutral Sentiment: Zacks flags INTU as a trending stock among its readers — increased attention can raise near-term volume/volatility but doesn't by itself change fundamentals. Intuit Inc. (INTU) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Coverage and feature pieces on financial literacy (media items) keep Intuit’s consumer-facing brands top of mind but are unlikely to move the stock materially on their own. Why Financial Literacy Is Becoming a Must‑Have in Schools
• Negative Sentiment: Intuit shares fell as part of a broader afternoon selloff after Anthropic announced Managed Agents — the move spooked some AI-exposed names and triggered short-term profit-taking in AI-adjacent software stocks. Doximity, Guidewire Software, Intuit, PagerDuty, and Health Catalyst Shares Plummet, What You Need To Know
• Negative Sentiment: Analyst work on INTU’s valuation was trimmed slightly amid concerns about AI risk, competition, and how AI adoption/tax season dynamics may affect future growth — a modest reduction in fair value and more cautious tone can weigh on sentiment and price targets. How The Intuit (INTU) Narrative Is Shifting With AI Risks And Trimmed Valuation Targets

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTU. Scotiabank set a $575.00 target price on Intuit in a research report on Friday, March 6th. Citigroup cut their target price on Intuit from $803.00 to $649.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Mizuho cut their target price on Intuit from $675.00 to $600.00 and set an "outperform" rating on the stock in a research report on Monday, March 2nd. Oppenheimer cut their target price on Intuit from $696.00 to $558.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings cut Intuit from a "buy (b-)" rating to a "hold (c)" rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $638.06.

Intuit Stock Performance

The company has a 50-day simple moving average of $428.09 and a two-hundred day simple moving average of $570.99. 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 cap of $99.34 billion, a PE ratio of 23.10, a PEG ratio of 1.70 and a beta of 1.21.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business's revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, equities research analysts forecast that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The company 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 $1.20 dividend. The ex-dividend date is Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. Intuit's payout ratio is presently 31.09%.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the sale, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.49% of the stock is currently owned by insiders.

Institutional Trading of Intuit

A number of hedge funds and other institutional investors have recently made changes to their positions in INTU. Brighton Jones LLC raised its stake in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock valued at $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the 1st quarter valued at $785,564,000. Sivia Capital Partners LLC increased its stake in Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock worth $698,000 after acquiring an additional 166 shares during the last quarter. Finally, Florida Financial Advisors LLC increased its stake in Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock worth $370,000 after acquiring an additional 51 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

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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