Intuit (NASDAQ:INTU) Shares Down 7.3% on Analyst Downgrade

Intuit Inc. (NASDAQ:INTU) shares fell 7.3% on Tuesday after Oppenheimer lowered their price target on the stock from $868.00 to $696.00. Oppenheimer currently has an outperform rating on the stock. Intuit traded as low as $454.06 and last traded at $451.7450. 639,321 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 2,793,794 shares. The stock had previously closed at $487.12.

A number of other analysts also recently issued reports on INTU. TD Cowen assumed coverage on shares of Intuit in a report on Thursday, January 8th. They issued a “buy” rating and a $802.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a report on Thursday, January 22nd. The Goldman Sachs Group initiated coverage on shares of Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 price target on the stock. BMO Capital Markets lowered their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Finally, KeyCorp lowered their target price on shares of Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $785.12.

Insider Activity

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer directly owned 13,611 shares in the company, valued at $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC increased its position in shares of Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after purchasing an additional 27 shares during the last quarter. Joseph Group Capital Management acquired a new stake in Intuit in the fourth quarter valued at $25,000. Westside Investment Management Inc. lifted its holdings in Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Intuit during the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 8.4%

The firm has a 50-day moving average price of $621.92 and a two-hundred day moving average price of $665.52. The firm has a market cap of $124.11 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39.

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

Intuit Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is currently 32.81%.

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.