Intuit (NASDAQ:INTU) Shares Climb 6.4% – Here’s Why

Intuit Inc. (NASDAQ:INTU)’s stock price traded up 6.4% on Thursday. The stock traded as high as $328.64 and last traded at $330.30. Approximately 650,550 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 4,248,629 shares. The stock had previously closed at $310.44.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit agreed to acquire Sequence, whose platform automates the quote-to-revenue process, including complex pricing, billing, collections and revenue recognition. The technology is expected to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, expanding the company’s addressable market among mid-market businesses. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Sequence supports usage-based, seat-based and milestone-based billing models, potentially giving Intuit stronger exposure to software and professional-services customers with more sophisticated financial needs. Investors appear to view the transaction as a strategic expansion of Intuit’s financial “system of intelligence.” Intuit Shares Jump as Sequence Deal Adds AI Revenue-Management Capabilities
• Positive Sentiment: Recent analyst targets include several levels above the current trading range, with a reported six-month median target of $421. This suggests some analysts continue to see valuation upside if Intuit executes on its enterprise, AI and platform expansion plans.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: major investors including Invesco, JPMorgan and FIL added shares, while T. Rowe Price and Wellington reduced holdings. This provides no clear consensus signal.
• Negative Sentiment: Intuit’s lower-priced Credit Karma Tax offerings could help regain price-sensitive customers, but the pricing changes may slow TurboTax revenue growth in fiscal 2027. Intuit’s Lower DIY Tax Pricing: Will It Weigh on Revenue Growth?
• Negative Sentiment: Mailchimp remains a longer-term concern, with declining revenue and customer churn weighing on Intuit’s growth profile despite efforts to improve margins, retention and SMS adoption. Intuit’s Mailchimp Faces Headwinds: Can It Stage a Turnaround?

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INTU shares. Truist Financial reissued a “hold” rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Bank of America lowered shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price target on the stock. in a research note on Wednesday, August 26th. Wolfe Research cut Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. UBS Group reaffirmed a “neutral” rating on shares of Intuit in a report on Friday, September 18th. Finally, Mizuho reiterated an “outperform” rating and set a $430.00 price objective on shares of Intuit in a research report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $320.99 and its two-hundred day moving average price is $329.25. The company has a market cap of $88.28 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.01.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.45. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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 analysts forecast that Intuit Inc. will post 23.02 earnings per share for the current year.

Intuit Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. This is a boost from Intuit’s previous quarterly dividend of $1.20. Intuit’s dividend payout ratio is 33.45%.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the transaction, the director owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction dated 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 transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The SEC filing for this sale provides additional information. 2.49% of the stock is owned by insiders.

Institutional Trading of Intuit

Hedge funds have recently bought and sold shares of the company. Nvwm LLC raised its holdings in Intuit by 1,107.7% in the 3rd quarter. Nvwm LLC now owns 157 shares of the software maker’s stock valued at $43,000 after acquiring an additional 144 shares in the last quarter. HBW Advisory Services LLC grew its holdings in shares of Intuit by 144.7% during the 3rd quarter. HBW Advisory Services LLC now owns 4,136 shares of the software maker’s stock worth $1,140,000 after purchasing an additional 2,446 shares in the last quarter. William Allan Corp grew its holdings in shares of Intuit by 8.5% during the 3rd quarter. William Allan Corp now owns 4,484 shares of the software maker’s stock worth $1,236,000 after purchasing an additional 352 shares in the last quarter. Mather Group LLC. increased its position in shares of Intuit by 115.5% during the third quarter. Mather Group LLC. now owns 3,164 shares of the software maker’s stock valued at $872,000 after purchasing an additional 1,696 shares during the period. Finally, Fortitude Family Office LLC increased its position in shares of Intuit by 940.0% during the third quarter. Fortitude Family Office LLC now owns 624 shares of the software maker’s stock valued at $172,000 after purchasing an additional 564 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

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