Intuit (NASDAQ:INTU) Shares Gap Down – Here’s What Happened

Intuit Inc. (NASDAQ:INTU)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $272.10, but opened at $260.63. Intuit shares last traded at $269.6070, with a volume of 492,727 shares traded.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Some market commentators say Intuit looks deeply undervalued after the recent pullback, arguing that strong recent results, raised guidance, and shareholder returns support a bottoming thesis. Intuit: Signs Of A Bottom, Shares Way Too Cheap As The AI Trade Wobbles
• Positive Sentiment: Citi reportedly reaffirmed a Buy rating, and other bullish coverage says one analyst sees substantial upside in INTU despite recent volatility. One Analyst Sees Huge Upside In Intuit (INTU) Stock. Another Doesn’t, Here’s Why They’re Divided
• Positive Sentiment: Investor interest remains elevated, with Zacks noting that INTU has been attracting attention from users and screeners. Intuit Inc. (INTU) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Several new articles are simply stock commentary and valuation pieces, reflecting that INTU is a heavily debated name rather than a company driven by a fresh business announcement. Intuit: A Wonderful Business At An Unreasonable Discount
• Neutral Sentiment: One article points to mixed analyst views, with some firms still constructive even after recent rating cuts. Stifel and Goldman Cut Intuit (INTU) Ratings
• Negative Sentiment: Bearish analyst sentiment and concerns about AI disruption have weighed on the stock, with some coverage saying Intuit is struggling after a recent run of declines. Here’s Why Intuit (INTU) Is Struggling
• Negative Sentiment: A broader risk-off session hit software names, and INTU was included in a move lower as investors rotated away from high-multiple tech. monday.com, Intuit, and Health Catalyst Stocks Trade Down, What You Need To Know

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INTU shares. Daiwa Securities Group reduced their target price on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. BNP Paribas Exane lowered their target price on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Susquehanna reduced their price target on Intuit from $640.00 to $550.00 and set a “positive” rating on the stock in a research note on Friday, May 22nd. Northcoast Research decreased their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Twenty-two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $498.40.

Intuit Stock Down 0.1%

The company has a market cap of $74.33 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $318.96 and a 200 day moving average of $423.93.

Intuit (NASDAQ:INTU) last posted its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate 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 prior year, the company 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. On average, research analysts anticipate that Intuit Inc. will post 18.19 earnings per share for the current fiscal year.

Intuit Announces Dividend

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

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vasant M. Prabhu bought 1,250 shares of Intuit stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the acquisition, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently modified their holdings of INTU. Joseph Group Capital Management purchased a new stake in Intuit in the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Intuit during the 4th quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Intuit during the 3rd quarter valued at approximately $33,000. Birchwood Financial Partners Inc. purchased a new stake in Intuit in the 4th quarter worth approximately $33,000. Finally, Barnes Dennig Private Wealth Management LLC increased its holdings in Intuit by 54.3% in the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the software maker’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. 83.66% of the stock is currently owned by hedge funds and other 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.