Intuit Inc. (INTU)
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Intuit Inc. (INTU) overview
Intuit makes financial software including TurboTax, QuickBooks, and Credit Karma. It is a member of the S&P 500 and is classified in the Information Technology sector — hardware, software and semiconductor companies driving the digital economy.
Intuit Inc. trades on the NasdaqGS under the ticker symbol INTU. As of the most recent market data, the stock was priced around $291.09, down 1.26% on the session, giving Intuit Inc. a market capitalization of roughly $79.62B.
Over the past 52 weeks, INTU has traded between $252.84 and $813.70. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 18.0, a common gauge of how richly the market prices the company's earnings. Intuit Inc. also pays a dividend, currently yielding around 1.63%.
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Why investors watch INTU
As one of the larger companies in the Information Technology sector, Intuit Inc. is closely followed by investors and often moves with broader trends across hardware, software and semiconductor companies driving the digital economy. Traders watch INTU for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest INTU news
Intuit (INTU) Target Price Reduced from $600 to $500 by Analyst
Intuit Inc. (INTU) saw its price target lowered from $600 to $500 by Mizuho analyst Siti Panigrahi on May 26, while maintaining an Outperform rating. This adjustment follows a perceived weakness in the company's TurboTax platform, which contributed to a decline post-earnings. Despite this, Panigrahi remains optimistic about Intuit's long-term growth potential, particularly through TurboTax Live and the assisted tax market. Intuit continues to enhance its offerings, integrating AI with platforms such as Mailchimp to support small and mid-sized enterprises.
Read More: Intuit (INTU) Target Price Reduced from $600 to $500 by Analyst
Intuit (INTU) Director Sells $289,447 in Common Stock
Richard Dalzell, a director at Intuit (INTU), sold $289,447 worth of common stock. This transaction is significant as it reflects insider trading activity, which can influence market perception and shareholder confidence. Such sales may prompt investors to scrutinize company fundamentals more closely. Intuit's market performance could be affected by this insider sale as it raises questions about the company's outlook.
Read More: Intuit (INTU) Director Sells $289,447 in Common Stock
IRS Refund Claims to Impact Millions Amid Ongoing Litigation Progress
A case, Kwong v. United States, may affect penalties charged by the IRS to taxpayers from January 2020 to July 2023. Experts indicate that tens of millions of taxpayers could be eligible for refunds, and the IRS has announced plans to appeal the ruling. A critical deadline is set for July 10, when eligible individuals must submit claims for refunds to avoid losing their rights. The value of these claims varies widely, with potential amounts reaching up to $9 million for a single case. This situation creates significant financial implications for many Americans, especially low-income individuals.
Read More: IRS Refund Claims to Impact Millions Amid Ongoing Litigation Progress
Intuit (INTU) Cuts 17% Workforce, Shares Fall 13% in After-Hours
Intuit (INTU) announced a 17% workforce reduction, affecting over 3,000 employees. In extended trading, shares dropped 13%. The restructuring is set to incur charges between $300 million and $340 million, primarily in the current quarter. In its fiscal third quarter, Intuit posted adjusted earnings per share of $12.80 on $8.56 billion in revenue, slightly missing analyst expectations. Despite these challenges, Intuit raised its fiscal 2026 EPS forecast to $23.80-$23.85, indicating a potential long-term growth strategy.
Read More: Intuit (INTU) Cuts 17% Workforce, Shares Fall 13% in After-Hours
Intuit (INTU) Stock Decline Surprises During Tax Season
Intuit (INTU) has experienced a notable decline that is unexpected during the peak tax season. This unexpected trend raises concerns for investors, as normally, stocks in this sector tend to see increased activity. Analysts often look at seasonality and expected earnings growth in such periods, but the current movement deviates from anticipated performance. This situation may prompt further scrutiny on Intuit's financial health and its ability to align with seasonal trends.
Read More: Intuit (INTU) Stock Decline Surprises During Tax SeasonMore Information Technology stocks
Frequently asked questions
Is Intuit Inc. in the S&P 500?
Yes. Intuit Inc. (INTU) is a member of the S&P 500 index, classified in the Information Technology sector.
What sector is INTU in?
Intuit Inc. is classified in the Information Technology sector of the S&P 500 — hardware, software and semiconductor companies driving the digital economy.
Where can I find the latest INTU news?
This page collects recent Intuit Inc. (INTU) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is Intuit Inc.'s stock price?
As of the most recent market data, Intuit Inc. (INTU) traded at approximately $291.09. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is Intuit Inc.'s market cap?
Intuit Inc. has a market capitalization of roughly $79.62B, based on its most recent share price and shares outstanding.
What is INTU's P/E ratio?
INTU trades at a trailing price-to-earnings ratio of about 18.0. The P/E ratio compares a company's share price to its earnings per share.