Intuit (NASDAQ:INTU) Stock Price Up 6.7% – Here’s Why

Intuit Inc. (NASDAQ:INTU)’s stock price shot up 6.7% on Wednesday . The stock traded as high as $333.33 and last traded at $334.0620. Approximately 2,008,496 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 4,418,487 shares. The stock had previously closed at $312.99.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit will release its fiscal fourth-quarter and full-year 2026 results after the market close on August 25, followed by a conference call. The company also scheduled an Investor Day for September 17, giving management an opportunity to address growth, guidance and strategy. Intuit to Announce Fourth-Quarter and Full-Year Fiscal 2026 Results on Aug. 25; Investor Day Set for Sep. 17
• Neutral Sentiment: Intuit and College Board announced a partnership to provide free financial-literacy tools and resources to high schools through a new AP Business with Personal Finance course. The initiative may support brand awareness and long-term customer engagement, but it is unlikely to materially affect near-term financial results. Intuit and College Board Partner to Bring Free Financial Tools and Resources to High School Classrooms
• Negative Sentiment: Several law firms, including Robbins Geller, Rosen, Bronstein Gewirtz & Grossman, Kessler Topaz and others, publicized an existing securities lawsuit against Intuit and certain executives. The case covers investors who purchased shares between August 22, 2025, and May 20, 2026, with a September 8 deadline to seek lead-plaintiff status. The complaints allege that Intuit made material misstatements or omissions concerning the strength of its tax business and TurboTax growth. The allegations have not been proven, but the repeated notices increase headline risk and could raise concerns about potential financial, reputational and management costs. Investor Alert: Robbins Geller Announces Intuit Class Action Opportunity
• Negative Sentiment: Investor-law-firm notices also highlight a reassessment by analysts and significantly reduced price targets following an alleged cut to TurboTax growth guidance. This suggests that concerns about the tax segment’s growth trajectory—not merely the litigation itself—are weighing on sentiment ahead of Intuit’s August earnings report. INTU Shareholder Alert and Analyst Opinion Reassessment

Analyst Upgrades and Downgrades

INTU has been the subject of several recent analyst reports. Northcoast Research decreased their target price on shares of Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. KeyCorp cut their price target on Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Erste Group Bank raised Intuit to a “hold” rating in a report on Monday, April 27th. Argus reduced their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Finally, TD Cowen lowered Intuit from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $504.00 to $304.00 in a report on Tuesday. Twenty research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $462.39.

Intuit Trading Down 5.3%

The business’s 50 day moving average price is $289.08 and its two-hundred day moving average price is $382.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $86.30 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $11.65 earnings per share. 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 forecast that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s payout ratio is currently 29.07%.

Insider Buying and Selling at Intuit

In other news, Director Vasant M. Prabhu bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the purchase, the director directly owned 1,750 shares of the company’s stock, valued at $541,992.50. This represents a 40.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of Intuit stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the transaction, the director directly owned 11,758 shares in the company, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several hedge funds have recently made changes to their positions in the business. Betterment LLC increased its stake in Intuit by 2.1% during the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares in the last quarter. One Capital Management LLC raised its holdings in shares of Intuit by 2.7% in the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock worth $465,000 after buying an additional 18 shares during the last quarter. Quadcap Wealth Management LLC lifted its stake in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock worth $1,230,000 after buying an additional 18 shares during the period. PFG Investments LLC lifted its stake in shares of Intuit by 2.0% during the fourth quarter. PFG Investments LLC now owns 915 shares of the software maker’s stock worth $606,000 after buying an additional 18 shares during the period. Finally, Clear Creek Financial Management LLC grew its holdings in shares of Intuit by 2.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 774 shares of the software maker’s stock valued at $513,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

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.