Intuit (NASDAQ:INTU) Reaches New 1-Year Low – Should You Sell?

Shares of Intuit Inc. (NASDAQ:INTU) hit a new 52-week low during trading on Tuesday . The company traded as low as $530.53 and last traded at $539.1880, with a volume of 946509 shares traded. The stock had previously closed at $545.29.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTU. Daiwa Capital Markets raised their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intuit in a research note on Wednesday, October 8th. Rothschild & Co Redburn lifted their target price on shares of Intuit from $560.00 to $670.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Cowen began coverage on shares of Intuit in a research report on Wednesday, January 7th. They set a “buy” rating for the company. Finally, Truist Financial started coverage on Intuit in a research report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $794.62.

Intuit Trading Down 3.0%

The company has a market capitalization of $147.19 billion, a P/E ratio of 36.16, a PEG ratio of 2.23 and a beta of 1.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50-day moving average price is $646.44 and its two-hundred day moving average price is $681.84.

Intuit (NASDAQ:INTU) last released its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, analysts forecast that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $4.80 dividend on an annualized basis and a yield of 0.9%. Intuit’s payout ratio is presently 32.81%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the business’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the sale, the director directly owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock worth $255,514,393 over the last ninety days. 2.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in shares of Intuit during the 2nd quarter worth approximately $3,268,830,000. Alliancebernstein L.P. boosted its holdings in Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock worth $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the first quarter valued at $785,564,000. Winslow Capital Management LLC acquired a new stake in Intuit in the 2nd quarter valued at $782,677,000. Finally, Vanguard Group Inc. increased its stake in Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares during the last quarter. 83.66% of the stock is 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.