Intuit (NASDAQ:INTU) Hits New 52-Week Low – What’s Next?

Intuit Inc. (NASDAQ:INTU) shares hit a new 52-week low during trading on Thursday . The company traded as low as $520.00 and last traded at $515.3690, with a volume of 36880 shares changing hands. The stock had previously closed at $538.70.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp decreased their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Wolfe Research lowered their price objective on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Evercore ISI reiterated an “outperform” rating and set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a report on Wednesday. Finally, The Goldman Sachs Group began coverage on shares of Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Price Performance

The firm has a market cap of $138.22 billion, a price-to-earnings ratio of 34.10, a P/E/G ratio of 2.23 and a beta of 1.25. The business has a 50 day simple moving average of $631.22 and a 200-day simple moving average of $671.47. 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 earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (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 analysts’ expectations of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.Intuit’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Equities research analysts expect 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 given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

Insider Activity

In other news, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 388,464 shares of company stock valued at $255,514,393 in the last three months. 2.49% of the stock is owned by company insiders.

Institutional Trading of Intuit

A number of large investors have recently added to or reduced their stakes in INTU. Sequoia Financial Advisors LLC raised its position in shares of Intuit by 9.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,279 shares of the software maker’s stock valued at $13,609,000 after purchasing an additional 1,433 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Intuit in the second quarter worth $1,733,000. Wilmington Savings Fund Society FSB raised its holdings in shares of Intuit by 19.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 29,553 shares of the software maker’s stock worth $20,182,000 after buying an additional 4,913 shares during the last quarter. Liberty One Investment Management LLC grew its holdings in shares of Intuit by 31.8% during the third quarter. Liberty One Investment Management LLC now owns 9,635 shares of the software maker’s stock valued at $6,580,000 after buying an additional 2,326 shares during the last quarter. Finally, denkapparat Operations GmbH acquired a new position in shares of Intuit in the 2nd quarter valued at $830,000. Hedge funds and other 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.