Intuit (NASDAQ:INTU) Sets New 12-Month Low – Time to Sell?

Shares of Intuit Inc. (NASDAQ:INTU) hit a new 52-week low during trading on Thursday . The stock traded as low as $520.00 and last traded at $515.3690, with a volume of 36880 shares. The stock had previously closed at $538.70.

Analysts Set New Price Targets

Several research analysts have weighed in on INTU shares. Truist Financial assumed coverage on shares of Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. BMO Capital Markets lowered their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. The Goldman Sachs Group started coverage on Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target for the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $700.00 price objective (down from $840.00) on shares of Intuit in a report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Price Performance

The company’s 50-day moving average is $631.22 and its 200-day moving average is $671.47. The firm has a market cap of $138.22 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. Intuit’s revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were given a $1.20 dividend. The ex-dividend date was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.0%. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the transaction, the director directly owned 5,668,182 shares in the company, valued at approximately $3,786,458,939.64. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the sale, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 388,464 shares of company stock worth $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit during the 1st quarter worth approximately $785,564,000. Sivia Capital Partners LLC lifted its position in shares of 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 purchasing an additional 166 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Intuit by 20.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after purchasing an additional 163 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.