Intuit (NASDAQ:INTU) Sets New 12-Month Low – What’s Next?

Posted by Brenda Bartman on Jun 7th, 2026

Intuit Inc. (NASDAQ:INTU – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $294.29 and last traded at $294.2310, with a volume of 2347155 shares traded. The stock had previously closed at $301.98.

More Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Baron Capital highlighted Intuit as a strong long-term bet in its latest investor letter, reinforcing the view that the company’s software and financial platform remain attractive despite the recent stock weakness.
Positive Sentiment: Another investor-focused article argued that Intuit remains one of the more compelling software names, suggesting some market participants still see upside in the business model and cash-flow profile.
Neutral Sentiment: Cramer’s comments and other media coverage kept Intuit in the spotlight, but these mentions were more commentary-driven than tied to a clear new business catalyst.
Negative Sentiment: Multiple law firms, including BFA Law, Pomerantz, and Bragar Eagel & Squire, announced investigations into Intuit after the stock’s major decline, raising concerns about possible securities-fraud claims and adding legal overhang. Article Title
Negative Sentiment: Goldman Sachs reportedly cut Intuit, which can weigh on investor confidence and pressure the shares further.
Negative Sentiment: News coverage focused on Intuit’s steep recent decline and investors “asking tough questions,” reinforcing bearish sentiment around the stock after the selloff. Article Title

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. Scotiabank set a $575.00 target price on Intuit in a research note on Friday, March 6th. Oppenheimer decreased their target price on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Northcoast Research decreased their target price on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Mizuho decreased their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Finally, Rothschild & Co Redburn decreased their target price on Intuit from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, June 2nd. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average price target of $514.58.

View Our Latest Report on Intuit

Intuit Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a 50 day simple moving average of $377.58 and a two-hundred day simple moving average of $486.66. The company has a market cap of $81.18 billion, a PE ratio of 17.97, a PEG ratio of 1.09 and a beta of 0.98.

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

Intuit Announces Dividend

The company also recently disclosed 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. The ex-dividend date 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 currently 29.07%.

Insider Buying and Selling

In other news, Director Vasant M. Prabhu acquired 500 shares of Intuit stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $309.71 per share, for a total transaction of $154,855.00. Following the completion of the purchase, the director owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their position. The SEC filing for this sale provides additional information. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in shares of Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares during the period. NEOS Investment Management LLC raised its holdings in shares of Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co raised its holdings in shares of Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in shares of Intuit by 8.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 285,052 shares of the software maker’s stock worth $194,665,000 after purchasing an additional 22,051 shares during the period. Hedge funds and other 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.