Intuit (NASDAQ:INTU) Sets New 52-Week Low After Insider Selling

Intuit Inc. (NASDAQ:INTU) reached a new 52-week low during trading on Thursday following insider selling activity. The stock traded as low as $281.93 and last traded at $284.22, with a volume of 6144800 shares changing hands. The stock had previously closed at $293.78.

Specifically, Director Richard L. Dalzell sold 338 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the sale, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $297.65, for a total transaction of $99,117.45. Following the completion of the sale, the director owned 12,997 shares in the company, valued at approximately $3,868,557.05. This trade represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

INTU has been the topic of several analyst reports. Freedom Capital lowered shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. UBS Group cut their target price on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Truist Financial cut their target price on shares of Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company cut their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Finally, BMO Capital Markets cut their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Twenty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and a consensus price target of $514.58.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit recently raised $1.75 billion through a senior notes offering, which strengthens liquidity and gives the company more financial flexibility. Intuit Raises $1.75 Billion Through Senior Notes Offering
• Positive Sentiment: Recent commentary points to solid underlying business trends, including 19% revenue growth in online business solutions, which supports the bull case after the stock’s sharp decline. Intuit reports strong 19% revenue growth in online business solutions
• Neutral Sentiment: Intuit launched new QuickBooks Payroll tools and services in the UK, a product update that supports the long-term growth story but is not likely to move the stock much in the near term. Intuit launches new QuickBooks Payroll tools and services to help UK businesses pay their teams with confidence
• Neutral Sentiment: Intuit’s Q3 2026 earnings call transcript attracted attention, but it does not appear to add materially new information beyond the recently reported results and guidance. Intuit Reports Q3 2026 Results: Full Earnings Call Transcript
• Negative Sentiment: Director Richard L. Dalzell sold shares in recent transactions, and while the trades were made under a 10b5-1 plan, insider selling can still weigh on sentiment. Richard L. Dalzell insider transactions
• Negative Sentiment: Multiple investor-alert and law-firm investigations into Intuit’s pricing practices and possible securities issues are creating legal overhang and may be pressuring the shares. Investor alert: Pomerantz investigates claims on behalf of investors of Intuit
• Negative Sentiment: Commentary also highlights investor concern about AI monetization and competitive disruption, reinforcing worries behind the recent weakness in INTU. Intuit slid amid market skepticism over AI monetization and disruption

Intuit Price Performance

The company has a 50 day simple moving average of $363.60 and a 200-day simple moving average of $474.00. The stock has a market cap of $75.70 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 1.02 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.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the business earned $11.65 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts expect that Intuit Inc. will post 18.18 EPS for the current year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, July 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, July 9th. Intuit’s payout ratio is presently 29.07%.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Positano Wealth Management Ltd acquired a new stake in Intuit in the 1st quarter valued at $748,000. Parallel Advisors LLC increased its stake in Intuit by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 27,985 shares of the software maker’s stock valued at $12,100,000 after buying an additional 1,560 shares during the last quarter. Caerus Investment Advisors LLC increased its stake in Intuit by 123.6% in the 1st quarter. Caerus Investment Advisors LLC now owns 995 shares of the software maker’s stock valued at $430,000 after buying an additional 550 shares during the last quarter. First Nebraska Trust Co acquired a new stake in Intuit in the 1st quarter valued at $5,407,000. Finally, Integrated Investment Consultants LLC increased its stake in Intuit by 11.7% in the 1st quarter. Integrated Investment Consultants LLC now owns 667 shares of the software maker’s stock valued at $288,000 after buying an additional 70 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.