Intuit (NASDAQ:INTU) Shares Up 6% – Here’s Why

Intuit Inc. (NASDAQ:INTU) shares rose 6% on Monday . The stock traded as high as $291.11 and last traded at $291.5470. 1,545,522 shares traded hands during trading, a decline of 65% from the average session volume of 4,435,405 shares. The stock had previously closed at $274.96.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some investors are treating the recent pullback as an oversold rebound opportunity, with renewed interest in Intuit’s AI-enabled tax and financial software story after the post-earnings selloff. Intuit Gains as Investors Reassess Its Post-Earnings Selloff
• Neutral Sentiment: Intuit still reported solid fiscal Q3 results in May, beating EPS and revenue estimates and raising full-year guidance, which provides some support for the stock despite the current volatility.
• Negative Sentiment: Multiple law firms announced or promoted a securities class-action lawsuit and related investigations tied to Intuit’s disclosures around TurboTax, adding legal overhang and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers – INTU
• Negative Sentiment: Piper Sandler initiated coverage with a sell-equivalent rating and a street-low price target, reinforcing concerns about growth in key businesses such as Mailchimp and Credit Karma. Intuit Shares Slip After Piper Sandler Initiates Coverage With Street-Low Price Target (INTU)
• Negative Sentiment: Recent commentary also highlights weaker tax-season results and workforce reductions, which have fueled analyst caution and weakened sentiment around INTU’s near-term growth outlook. Are Legal Strains Diluting Intuit’s (INTU) AI-Driven Tax Software Narrative?

Analyst Ratings Changes

INTU has been the topic of several analyst reports. Piper Sandler assumed coverage on shares of Intuit in a research report on Tuesday. They set an “underweight” rating and a $250.00 price target on the stock. Evercore reduced their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company decreased their price target on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Jefferies Financial Group lowered their price target on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Argus dropped their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.39.

Intuit Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The company’s 50-day moving average price is $309.72 and its two-hundred day moving average price is $412.85. The company has a market capitalization of $77.26 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.06 and a beta of 1.00.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the business earned $11.65 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 18.19 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the transaction, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 1,239 shares of company stock valued at $348,354 in the last quarter. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuit

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Intuit by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker’s stock worth $19,156,152,000 after buying an additional 296,448 shares in the last quarter. State Street Corp raised its stake in shares of Intuit by 1.4% during the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after acquiring an additional 180,069 shares in the last quarter. Geode Capital Management LLC lifted its stake in Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after purchasing an additional 87,451 shares during the last quarter. Morgan Stanley lifted its stake in shares of Intuit by 1.2% in the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after acquiring an additional 60,910 shares during the last quarter. Finally, Norges Bank bought a new stake in Intuit in the fourth quarter valued at approximately $3,058,407,000. 83.66% of the stock is 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.