Intuit (NASDAQ:INTU) Shares Down 7.3% After Analyst Downgrade

Intuit Inc. (NASDAQ:INTU)’s share price traded down 7.3% during trading on Tuesday after Oppenheimer lowered their price target on the stock from $868.00 to $696.00. Oppenheimer currently has an outperform rating on the stock. Intuit traded as low as $454.06 and last traded at $451.7450. 639,321 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 2,793,794 shares. The stock had previously closed at $487.12.

Several other analysts have also commented on INTU. Truist Financial assumed coverage on Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective for the company. UBS Group set a $739.00 price target on Intuit in a research note on Tuesday, January 6th. Independent Research set a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intuit in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. One 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 company. According to MarketBeat.com, Intuit currently has an average rating of “Moderate Buy” and an average target price of $785.12.

Insider Activity

In related news, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the transaction, the director owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. The trade was a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 388,464 shares of company stock worth $255,514,393 over the last ninety days. Company insiders own 2.49% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit announced a multi‑year partnership with Affirm to add pay‑over‑time (BNPL) directly into QuickBooks Payments — a product tie that can boost payment revenue, merchant retention and SMB payment volume over time. Read More.
• Positive Sentiment: RBC Capital reiterated a Buy on INTU, which supports the view that some selloffs are tactical and that long‑term analyst conviction remains. Read More.
• Neutral Sentiment: Intuit is running consumer and community initiatives (NFL / 49ers Foundation financial‑literacy events), which help brand and user engagement but are unlikely to move near‑term revenue materially. Read More.
• Neutral Sentiment: Coverage on Intuit’s work supporting UK SME capital and other small‑business programs underscores longer‑term market expansion efforts; these are strategic but not immediate catalysts. Read More.
• Negative Sentiment: Oppenheimer cut its price target on INTU from $868 to $696 (still an Outperform rating). The lower target appears to have triggered selling pressure and helped accelerate the intra‑day decline. Read More.
• Negative Sentiment: Broader market fears that new AI/legal tools (e.g., from Anthropic) will disrupt software and analytics revenue models pressured names across the sector, including Intuit — a sentiment move that can widen valuation swings even when fundamentals remain solid. Read More.

Institutional Trading of Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC lifted its holdings in shares of Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares in the last quarter. Joseph Group Capital Management bought a new stake in Intuit in the 4th quarter valued at $25,000. Westside Investment Management Inc. lifted its stake in Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Sagard Holdings Management Inc. bought a new position in shares of Intuit during the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its holdings in shares of Intuit by 270.0% during the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 10.9%

The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $120.79 billion, a P/E ratio of 29.67, a PEG ratio of 1.99 and a beta of 1.24. The company has a fifty day moving average price of $617.64 and a 200-day moving average price of $663.28.

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

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Intuit’s dividend payout ratio (DPR) is presently 32.81%.

About Intuit

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.