Intuit (NASDAQ:INTU) Stock Jumps 6.4% – Here’s Why

Intuit Inc. (NASDAQ:INTU)’s share price was up 6.4% during mid-day trading on Thursday. The stock traded as high as $328.64 and last traded at $330.30. 650,550 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 4,248,629 shares. The stock had previously closed at $310.44.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit agreed to acquire Sequence, whose platform automates the quote-to-revenue process, including complex pricing, billing, collections and revenue recognition. The technology is expected to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, expanding the company’s addressable market among mid-market businesses. Intuit to Acquire AI-Native Revenue Management Platform Sequence
• Positive Sentiment: Sequence supports usage-based, seat-based and milestone-based billing models, potentially giving Intuit stronger exposure to software and professional-services customers with more sophisticated financial needs. Investors appear to view the transaction as a strategic expansion of Intuit’s financial “system of intelligence.” Intuit Shares Jump as Sequence Deal Adds AI Revenue-Management Capabilities
• Positive Sentiment: Recent analyst targets include several levels above the current trading range, with a reported six-month median target of $421. This suggests some analysts continue to see valuation upside if Intuit executes on its enterprise, AI and platform expansion plans.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: major investors including Invesco, JPMorgan and FIL added shares, while T. Rowe Price and Wellington reduced holdings. This provides no clear consensus signal.
• Negative Sentiment: Intuit’s lower-priced Credit Karma Tax offerings could help regain price-sensitive customers, but the pricing changes may slow TurboTax revenue growth in fiscal 2027. Intuit’s Lower DIY Tax Pricing: Will It Weigh on Revenue Growth?
• Negative Sentiment: Mailchimp remains a longer-term concern, with declining revenue and customer churn weighing on Intuit’s growth profile despite efforts to improve margins, retention and SMS adoption. Intuit’s Mailchimp Faces Headwinds: Can It Stage a Turnaround?

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on INTU shares. Bank of America cut shares of Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a research note on Wednesday, August 26th. Morgan Stanley lowered their price objective on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 26th. KeyCorp set a $400.00 target price on Intuit in a report on Wednesday, August 26th. Stifel Nicolaus restated a “hold” rating and set a $300.00 target price on shares of Intuit in a research report on Friday, September 18th. Finally, Jefferies Financial Group dropped their price objective on Intuit from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Sunday, August 23rd. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $431.55.

Intuit Trading Up 6.4%

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $88.28 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.01. The business has a 50 day simple moving average of $320.99 and a 200 day simple moving average of $329.25.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%. The company had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company posted $2.75 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, equities analysts forecast that Intuit Inc. will post 23.02 EPS for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be given a dividend of $1.38 per share. The ex-dividend date is Thursday, October 8th. This is a positive change from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Intuit’s dividend payout ratio (DPR) is currently 33.45%.

Insider Buying and Selling

In other news, CAO Lauren Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the sale, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at $564,167.12. This represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Dalzell sold 285 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total transaction of $92,727.60. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuit

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XXEC Inc. acquired a new position in Intuit during the second quarter valued at approximately $436,740,000. BlackRock Inc. bought a new position in Intuit during the 2nd quarter worth about $6,851,859,000. Corient Private Wealth LP bought a new position in Intuit during the 2nd quarter worth about $40,545,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Intuit by 6.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,334,328 shares of the software maker’s stock valued at $870,260,000 after purchasing an additional 215,814 shares during the period. 83.66% of the stock is owned by institutional investors.

About Intuit

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.