Intuit (NASDAQ:INTU) Shares Gap Down – Here’s What Happened

Intuit Inc. (NASDAQ:INTU)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $272.10, but opened at $260.63. Intuit shares last traded at $269.6070, with a volume of 492,727 shares.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some market commentators say Intuit looks deeply undervalued after the recent pullback, arguing that strong recent results, raised guidance, and shareholder returns support a bottoming thesis. Intuit: Signs Of A Bottom, Shares Way Too Cheap As The AI Trade Wobbles
• Positive Sentiment: Citi reportedly reaffirmed a Buy rating, and other bullish coverage says one analyst sees substantial upside in INTU despite recent volatility. One Analyst Sees Huge Upside In Intuit (INTU) Stock. Another Doesn’t, Here’s Why They’re Divided
• Positive Sentiment: Investor interest remains elevated, with Zacks noting that INTU has been attracting attention from users and screeners. Intuit Inc. (INTU) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Several new articles are simply stock commentary and valuation pieces, reflecting that INTU is a heavily debated name rather than a company driven by a fresh business announcement. Intuit: A Wonderful Business At An Unreasonable Discount
• Neutral Sentiment: One article points to mixed analyst views, with some firms still constructive even after recent rating cuts. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Bearish analyst sentiment and concerns about AI disruption have weighed on the stock, with some coverage saying Intuit is struggling after a recent run of declines. Here’s Why Intuit (INTU) Is Struggling
• Negative Sentiment: A broader risk-off session hit software names, and INTU was included in a move lower as investors rotated away from high-multiple tech. monday.com, Intuit, and Health Catalyst Stocks Trade Down, What You Need To Know

Analyst Ratings Changes

INTU has been the topic of several research reports. Guggenheim set a $633.00 price objective on shares of Intuit in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft cut their target price on Intuit from $600.00 to $530.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Twenty-two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average target price of $498.40.

Intuit Trading Down 0.1%

The company has a market cap of $74.33 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $318.96 and its 200-day moving average price is $423.93.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the business earned $11.65 EPS. Intuit’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. As a group, equities research analysts expect that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a $1.20 dividend. The ex-dividend date is Thursday, July 9th. This represents a $4.80 annualized dividend and a yield of 1.8%. Intuit’s payout ratio is 29.07%.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed 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 bought 1,250 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $309.45 per share, with a total value of $386,812.50. Following the purchase, the director owned 1,250 shares in the company, valued at $386,812.50. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last quarter. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of large investors have recently bought and sold shares of INTU. Brighton Jones LLC increased its holdings in 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 grew its position in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after buying an additional 482 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new position in shares of Intuit during the first quarter valued at approximately $785,564,000. Sivia Capital Partners LLC increased its stake in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC raised its holdings in shares of Intuit by 12.2% during the second quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock valued at $370,000 after acquiring an additional 51 shares in the last quarter. 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.