Intuit (NASDAQ:INTU) Shares Gap Down – What’s Next?
by Scott Moore · The Cerbat GemIntuit Inc. (NASDAQ:INTU – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $408.68, but opened at $385.00. Intuit shares last traded at $380.9840, with a volume of 585,592 shares trading hands.
Wall Street Analysts Forecast Growth
INTU has been the subject of several research analyst reports. TD Cowen restated a “buy” rating on shares of Intuit in a report on Monday, March 16th. Scotiabank set a $575.00 price target on Intuit in a report on Friday, March 6th. The Goldman Sachs Group cut their price target on Intuit from $720.00 to $519.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Wells Fargo & Company decreased their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 24th. Finally, Susquehanna decreased their price target on Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $636.10.
View Our Latest Report on Intuit
Intuit Trading Down 7.9%
The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $414.72 and a two-hundred day simple moving average of $549.53. The firm has a market capitalization of $104.12 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.32 EPS. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, equities research analysts anticipate that Intuit Inc. will post 17.44 earnings per share for the current year.
Intuit Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 9th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Intuit’s payout ratio is 31.09%.
Insiders Place Their Bets
In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.49% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Intuit
A number of institutional investors and hedge funds have recently bought and sold shares of INTU. NEOS Investment Management LLC grew its stake in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after buying an additional 47,330 shares during the last quarter. Varma Mutual Pension Insurance Co grew its stake in Intuit by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after buying an additional 3,600 shares during the last quarter. Nicholson Wealth Management Group LLC purchased a new position in Intuit during the 3rd quarter worth $1,465,000. Crossmark Global Holdings Inc. grew its stake in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after buying an additional 6,503 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after buying an additional 10,661 shares during the last quarter. 83.66% of the stock is owned by institutional investors.
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.