Intuit (NASDAQ:INTU) Hits New 52-Week Low on Insider Selling

Intuit Inc. (NASDAQ:INTU) shares hit a new 52-week low on Thursday following insider selling activity. The company traded as low as $265.01 and last traded at $262.8920, with a volume of 90196 shares traded. The stock had previously closed at $269.08.

Specifically, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $282.20, for a total value of $80,144.80. Following the completion of the sale, the director owned 12,042 shares of the company’s stock, valued at approximately $3,398,252.40. This trade represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Rothschild & Co Redburn dropped their price objective on shares of Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 2nd. Oppenheimer lowered their price target on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Scotiabank set a $575.00 price objective on shares of Intuit in a report on Friday, March 6th. Truist Financial reduced their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. dropped their target price on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Twenty-three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Intuit has a consensus rating of “Moderate Buy” and an average price target of $511.35.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Credit Karma posted 15% revenue growth to $631 million, underscoring stronger cross-sell momentum and supporting Intuit’s push to turn the unit into a broader year-round finance platform. Article Title
• Positive Sentiment: Intuit chose Mother New York as its creative-strategic agency partner, signaling continued investment in growth-oriented marketing and brand positioning. Article Title
• Neutral Sentiment: Intuit named company veteran Tyler Cozzens as its new general counsel, replacing Kerry McLean; the move appears to be a routine leadership transition. Article Title
• Neutral Sentiment: Thursday’s analyst coverage roundup included Intuit among several large-cap names, but no single new catalyst was highlighted in the headline. Article Title
• Negative Sentiment: Director Richard Dalzell sold 284 shares under a pre-arranged trading plan, adding to near-term caution around insider activity. Article Title
• Negative Sentiment: Goldman Sachs downgraded Intuit to Sell, warning that AI could erode TurboTax revenue over time; separately, law firms announced investigations tied to Intuit’s pricing issues, which may add legal overhang. Article Title Article Title
• Negative Sentiment: Pomerantz also launched an investor investigation into Intuit, extending the legal headline risk. Article Title

Intuit Trading Down 2.2%

The stock has a market cap of $71.96 billion, a PE ratio of 15.96, a PEG ratio of 1.03 and a beta of 0.98. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $354.99 and a two-hundred day simple moving average of $465.17.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $11.65 earnings per share. 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 analysts expect that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

Institutional Trading of Intuit

Hedge funds have recently made changes to their positions in the stock. Joseph Group Capital Management bought a new position in Intuit in the fourth quarter valued at $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Intuit during the fourth quarter worth about $25,000. HHM Wealth Advisors LLC boosted its holdings in shares of Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Intuit during the 1st quarter valued at about $30,000. Finally, CrossGen Wealth LLC bought a new position in shares of Intuit during the 1st quarter valued at about $32,000. 83.66% of the stock is owned by 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.