Intuit (NASDAQ:INTU) Hits New 52-Week Low Following Analyst Downgrade

Intuit Inc. (NASDAQ:INTU)’s share price reached a new 52-week low during mid-day trading on Wednesday after Daiwa Securities Group lowered their price target on the stock from $640.00 to $500.00. Daiwa Securities Group currently has a buy rating on the stock. Intuit traded as low as $300.50 and last traded at $307.4540, with a volume of 955676 shares. The stock had previously closed at $304.35.

A number of other brokerages have also weighed in on INTU. Guggenheim set a $633.00 target price on Intuit in a research note on Monday, March 16th. HSBC lowered their target price on Intuit from $897.00 to $707.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group lowered their target price on Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lowered their target price on Intuit from $600.00 to $530.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Wells Fargo & Company lowered their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Intuit has an average rating of “Moderate Buy” and a consensus target price of $525.65.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vasant M. Prabhu acquired 500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the acquisition, the director directly owned 1,750 shares in the company, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America reiterated a Buy rating on Intuit and assigned a $400 price target, saying the company’s valuation does not fully reflect its durable competitive position, strong margins, and growth potential. Article: Intuit seen benefitting from AI tailwinds, says Bank of America
• Positive Sentiment: Intuit expanded Mailchimp AI tools and integrations, adding Analytics AI and deeper connections with platforms like Claude, Shopify, Wix, WooCommerce, and Canva, which could support small-business growth and reinforce its AI story. Article: Intuit Expands Mailchimp AI Tools And Integrations For Small Business Growth
• Positive Sentiment: Argus maintained a Buy rating on Intuit, even after trimming its price target to $480, suggesting analysts still see meaningful upside if the company executes on growth and profitability. Article: Argus Maintains Buy Rating on Intuit (INTU)
• Neutral Sentiment: Intuit continues to attract investor attention, and recent coverage noted that some analysts still view the stock as a potential long-term value opportunity despite its steep pullback this year. Article: Intuit Inc. (INTU) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: A new bill aimed at payment-processing security mentioned Intuit as a potentially affected company, but it is only a proposal and its impact remains uncertain. Article: New Bill: Representative Ben Cline introduces H.R. 8787
• Negative Sentiment: Two law firms launched investigations into Intuit over alleged securities law violations tied to pricing issues and potential misleading statements, which could create overhang from litigation and reputational risk. Article: INTU Securities News: Intuit Investigated for Securities Fraud Over Pricing Issues
• Negative Sentiment: Bragar Eagel & Squire also announced a shareholder investigation into Intuit, reinforcing concerns that the stock may face continued legal pressure after its recent weakness. Article: INTUIT STOCKHOLDER ALERT

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings 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 during the last quarter. State Street Corp boosted its holdings in 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 buying an additional 180,069 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Intuit by 1.3% during 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 buying an additional 87,451 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Intuit by 1.2% during the 4th quarter. Morgan Stanley now owns 5,100,857 shares of the software maker’s stock valued at $3,378,912,000 after purchasing an additional 60,910 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Intuit in the 4th quarter valued at approximately $3,058,407,000. Institutional investors own 83.66% of the company’s stock.

Intuit Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50-day moving average of $392.72 and a 200-day moving average of $499.68. The firm has a market capitalization of $85.62 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.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 firm earned $11.65 EPS. Intuit’s quarterly 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, research analysts anticipate that Intuit Inc. will post 17.6 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently disclosed 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 dividend yield of 1.5%. Intuit’s payout ratio is currently 29.07%.

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.