Intuit (NASDAQ:INTU) Shares Gap Down – Time to Sell?

Intuit Inc. (NASDAQ:INTU) gapped down prior to trading on Wednesday . The stock had previously closed at $399.71, but opened at $384.45. Intuit shares last traded at $387.4660, with a volume of 707,732 shares changing hands.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit continues to emphasize AI-driven growth, with the restructuring aimed at boosting efficiency and refocusing resources on higher-priority initiatives. Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
• Positive Sentiment: Analysts heading into earnings were expecting strong quarterly performance, with forecasts calling for higher EPS and solid revenue growth, which could support sentiment if results beat estimates. Intuit Stock Falls After Report Says Company To Cut 17% Of Workforce
• Neutral Sentiment: Intuit was also set to report fiscal third-quarter earnings after the close, keeping investors focused on whether its core businesses like QuickBooks, TurboTax, and Credit Karma can sustain momentum. Intuit Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Neutral Sentiment: The company has also been expanding QuickBooks with new AI-powered workforce tools, which may help longer-term growth but is not the main driver of today’s move. Intuit Expands QuickBooks With AI: Will It Accelerate Growth?
• Negative Sentiment: The job cuts are a sign of operational restructuring and have raised concerns about near-term disruption and the company’s growth outlook, contributing to the stock’s decline. Intuit Stock (INTU) Drops on Plans to Cut 17% Global Workforce ahead of Q3 Results

Analysts Set New Price Targets

INTU has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Intuit from $725.00 to $440.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Intuit in a research note on Sunday, April 19th. Wells Fargo & Company lowered their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. BMO Capital Markets lowered their price target on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, Mizuho lowered their price target on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $634.26.

Intuit Price Performance

The firm has a market cap of $106.27 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 1.62 and a beta of 1.04. The business’s 50-day simple moving average is $410.70 and its two-hundred day simple moving average is $516.31. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the company posted $3.32 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, research analysts expect that Intuit Inc. will post 17.44 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Intuit’s dividend payout ratio is currently 31.09%.

Insider Buying and Selling at Intuit

In related 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 value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTU. GW&K Investment Management LLC grew its holdings in shares of Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after buying an additional 16 shares during the last quarter. Cannell & Spears LLC grew its holdings in Intuit by 0.4% during the third quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after buying an additional 16 shares in the last quarter. Betterment LLC increased its stake in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in shares of Intuit by 4.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock worth $257,000 after purchasing an additional 17 shares during the period. Finally, Value Partners Investments Inc. lifted its stake in Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock valued at $2,629,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

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.