Intuit (NASDAQ:INTU) Shares Gap Down – What’s Next?

Posted by George Bondi on May 22nd, 2026

Intuit Inc. (NASDAQ:INTU – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $399.71, but opened at $384.45. Intuit shares last traded at $387.4660, with a volume of 707,732 shares trading hands.

More Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit beat fiscal Q3 expectations, with EPS of $12.80 and revenue of $8.56 billion, while also raising full-year revenue and profit guidance. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
Positive Sentiment: The company highlighted AI-driven growth initiatives and announced a new $8 billion share repurchase program, alongside a higher dividend, signaling confidence in future cash flow. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
Neutral Sentiment: Several analysts cut price targets after results, but many kept Buy/Outperform ratings, suggesting views on the stock remain mixed rather than uniformly negative. These Analysts Cut Their Forecasts On Intuit After Q3 Results
Negative Sentiment: Intuit said it will cut about 17% of its global workforce, or roughly 3,000 jobs, as it restructures around AI and streamlines operations, which raised execution and transition-risk concerns. Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
Negative Sentiment: Investors also reacted to weaker TurboTax trends and restructuring charges of $300 million to $340 million, which overshadowed the beat and pressured the shares. Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

Analyst Ratings Changes

INTU has been the subject of a number of analyst reports. Guggenheim set a $633.00 target price on shares of Intuit in a research note on Monday, March 16th. Weiss Ratings cut shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Oppenheimer reduced their target price on shares of Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets reduced their target price on shares of Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Truist Financial reduced their price objective on shares of Intuit from $500.00 to $410.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $561.13.

Read Our Latest Report on INTU

Intuit Price Performance

The stock’s 50 day moving average price is $405.96 and its two-hundred day moving average price is $511.86. The firm has a market capitalization of $84.92 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.32 and a quick ratio of 1.32.

Intuit (NASDAQ:INTU – Get Free Report) last announced its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the previous year, the firm posted $11.65 earnings per share. Intuit’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. On average, equities research analysts anticipate that Intuit Inc. will post 17.44 EPS for the current year.

Intuit Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 9th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Intuit’s payout ratio is 31.09%.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several institutional investors and hedge funds have recently bought and sold shares of the business. GKV Capital Management Co. Inc. bought a new stake in Intuit in the 1st quarter valued at $74,000. Essential Partners LLC increased its holdings in Intuit by 100.9% in the 1st quarter. Essential Partners LLC now owns 898 shares of the software maker’s stock valued at $388,000 after buying an additional 451 shares during the period. Groupe la Francaise increased its holdings in Intuit by 18.5% in the 1st quarter. Groupe la Francaise now owns 12,484 shares of the software maker’s stock valued at $5,398,000 after buying an additional 1,948 shares during the period. TrueWealth Financial Partners bought a new stake in Intuit in the 1st quarter valued at $471,000. Finally, Western Wealth Management LLC increased its holdings in Intuit by 513.3% in the 1st quarter. Western Wealth Management LLC now owns 2,901 shares of the software maker’s stock valued at $1,254,000 after buying an additional 2,428 shares during the period. Institutional investors own 83.66% of the company’s stock.

About Intuit

(Get Free Report)

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.