Intuit Inc. (NASDAQ:INTU - Get Free Report) CAO Lauren Hotz sold 907 shares of the company's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares of the company's stock, valued at $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Intuit Stock Performance
Intuit stock opened at $358.06 on Friday. Intuit Inc. has a 12-month low of $252.84 and a 12-month high of $705.08. The company has a market capitalization of $97.94 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45. The firm's fifty day moving average price is $307.36 and its 200 day moving average price is $356.70.
Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating analysts' consensus estimates of $3.58 by $0.45. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, research analysts forecast that Intuit Inc. will post 23 EPS for the current fiscal year.
Intuit Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 8th will be issued a $1.38 dividend. This is an increase from Intuit's previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit's dividend payout ratio (DPR) is currently 29.09%.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Management’s planned strategy to reduce initial revenue per TurboTax do-it-yourself customer could help restore customer volume and support longer-term growth. The approach suggests the weakness is a strategic reset focused on winning back users rather than an immediate deterioration in the overall business. Intuit is Lowering TurboTax Revenue per User to Win Customers
- Positive Sentiment: Analysts and investors continue to point to Intuit’s mid-market expansion, artificial-intelligence adoption and substantial share repurchases as potential offsets to slower consumer-tax growth. One analysis characterized the earnings reset as a pivot rather than a breakdown in the company’s fundamentals. Intuit’s Earnings Reset May Be More Pivot Than Plunge
- Neutral Sentiment: Intuit is reorganizing its reporting structure, with Mailchimp becoming a separate reportable segment beginning in fiscal 2027. This may improve transparency around the company’s different growth engines but does not by itself change financial performance. Mailchimp Becomes a Separate Operating Segment
- Negative Sentiment: TurboTax underperformance and competitive pricing pressure remain the primary concerns. Fiscal 2027 revenue growth is expected at only 9% to 10%, with TurboTax growth projected at 2% to 3%; near-term revenue guidance also trailed analyst estimates. Intuit’s Real Problem Is Not on Its Income Statement
- Negative Sentiment: Several firms lowered their ratings or price targets, including downgrades from Bank of America, JPMorgan and Wolfe Research and target reductions from Oppenheimer and Truist. The analyst actions reflect concern that the slower-growth outlook warrants a lower valuation.
- Negative Sentiment: Multiple law firms publicized securities-fraud class-action deadlines for September 8, alleging that Intuit misrepresented the strength of its tax-related business. These announcements add reputational and potential legal overhang, although the allegations have not been proven.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Intuit by 61.3% in the fourth quarter. Brighton Jones LLC now owns 3,552 shares of the software maker's stock worth $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker's stock worth $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in shares of Intuit in the 1st quarter worth about $785,564,000. Sivia Capital Partners LLC boosted its holdings in shares of Intuit by 23.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker's stock valued at $698,000 after buying an additional 166 shares during the period. Finally, Florida Financial Advisors LLC boosted its holdings in shares of Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker's stock valued at $370,000 after buying an additional 51 shares during the period. Institutional investors own 83.66% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on INTU shares. Citigroup cut their target price on Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Truist Financial decreased their price target on shares of Intuit from $350.00 to $300.00 and set a "hold" rating for the company in a research report on Wednesday. Susquehanna dropped their price target on shares of Intuit from $427.00 to $415.00 and set a "positive" rating for the company in a research note on Wednesday. Barclays cut their price target on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, BNP Paribas Exane reduced their price objective on shares of Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a research note on Thursday, May 21st. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $434.68.
Get Our Latest Analysis on Intuit
About Intuit
(
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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.
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