Intuit (NASDAQ:INTU) Shares Down 4.5% - What's Next?

Key Points

• Intuit shares fell 4.5% to about $290.45, trading well below their 50-day and 200-day moving averages. Trading volume was also 69% below the average daily volume.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $431.55, despite several firms recently lowering their targets to around $300–$408.
• Intuit reported stronger-than-expected quarterly results, including $4.03 in adjusted EPS and $4.35 billion in revenue, while raising its quarterly dividend from $1.20 to $1.38 per share.

Shares of Intuit Inc. (NASDAQ:INTU - Get Free Report) traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $291.02 and last traded at $290.45. 1,347,143 shares changed hands during trading, a decline of 69% from the average daily volume of 4,300,901 shares. The stock had previously closed at $304.12.

Analysts Set New Price Targets

INTU has been the subject of a number of recent research reports. Truist Financial reissued a "hold" rating and set a $300.00 price target on shares of Intuit in a research report on Friday. BMO Capital Markets reiterated an "outperform" rating on shares of Intuit in a research report on Monday. Stifel Nicolaus restated a "hold" rating and set a $300.00 target price on shares of Intuit in a research report on Friday. Barclays cut their price objective on Intuit from $443.00 to $408.00 and set an "overweight" rating for the company in a research report on Wednesday, August 26th. Finally, Wells Fargo & Company dropped their price target on shares of Intuit from $360.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 26th. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $431.55.

Intuit Stock Down 4.7%

The business's 50 day moving average price is $325.80 and its 200-day moving average price is $348.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $77.45 billion, a PE ratio of 17.57, a P/E/G ratio of 0.88 and a beta of 0.98.

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.Intuit's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities research analysts forecast that Intuit Inc. will post 23.01 earnings per share for the current year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a $1.38 dividend. This is a boost from Intuit's previous quarterly dividend of $1.20. The ex-dividend date is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Intuit's dividend payout ratio (DPR) is 33.45%.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 285 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the sale, the director owned 11,531 shares in the company, valued at $3,751,726.16. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently made changes to their positions in INTU. Fiduciary Financial Advisors acquired a new stake in shares of Intuit in the second quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in Intuit during the 2nd quarter valued at $26,000. MidFirst Bank purchased a new position in Intuit during the second quarter worth $28,000. HHM Wealth Advisors LLC lifted its position in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock valued at $30,000 after acquiring an additional 30 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Intuit during the first quarter valued at $30,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Intuit Company Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.