Bank of Nova Scotia ve 1. čtvrtletí zvýšila podíl v Intuit o 33 % na 224 052 akcií. Intuit zároveň oznámil čtvrtletní EPS 12,80 USD a tržby 8,56 miliardy USD, obojí nad odhady.
Bank of Nova Scotia grew its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 33.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,052 shares of the software maker’s stock after purchasing an additional 55,584 shares during the period. Bank of Nova Scotia owned 0.08% of Intuit worth $96,876,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit during the fourth quarter worth approximately $25,000. HHM Wealth Advisors LLC grew its stake in Intuit by 75.0% in the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after acquiring an additional 30 shares during the period. Whipplewood Advisors LLC purchased a new stake in Intuit in the 1st quarter worth approximately $30,000. Finally, CrossGen Wealth LLC acquired a new position in Intuit in the 1st quarter valued at $32,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.
Intuit Stock Down 1.0% Shares of NASDAQ INTU opened at $281.53 on Friday. The stock has a market capitalization of $77.01 billion, a PE ratio of 17.05, a P/E/G ratio of 1.04 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $295.57 and a 200-day moving average of $394.30. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $813.70.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period last year, the company posted $11.65 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, analysts anticipate that Intuit Inc. will post 18.18 EPS for the current year.
Intuit Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is 29.07%.
Analyst Ratings Changes A number of research analysts have weighed in on INTU shares. Jefferies Financial Group reduced their price target on Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $519.00 to $276.00 in a research report on Tuesday, June 2nd. Citigroup lowered their price target on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Twenty-one analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $468.84.
Read Our Latest Stock Report on INTU
Intuit News Summary Here are the key news stories impacting Intuit this week:
Positive Sentiment: Intuit launched a new QuickBooks-linked small business credit card with Mastercard, which could deepen engagement with its platform and create a new financial-services growth avenue. Intuit Launches Business Credit Card That Brings Spend Management, Rewards, and Insights Together in QuickBooks Positive Sentiment: Intuit highlighted its AI and telesurgery-style collaboration vision at the Society of Robotic Surgery conference for its broader technology platform, showcasing long-term innovation, though this is not directly tied to INTU’s core business and appears to be unrelated content in the feed. Neutral Sentiment: Multiple law firms urged affected shareholders to contact them before the September lead-plaintiff deadline in the pending securities class action. These reminders are procedural, but they keep the allegations in the spotlight. INTU Investors Have Opportunity to Lead Intuit Inc. Securities Fraud Lawsuit Neutral Sentiment: Intuit’s recent earnings beat and revenue growth remain supportive in the background, but today’s trading appears to be driven more by litigation headlines and analyst sentiment than by operating results. Negative Sentiment: A class action was filed alleging Intuit overstated the health of its tax-related business and TurboTax growth prospects, raising concerns about disclosure risk and potential legal costs. Kessler Topaz Meltzer & Check, LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Intuit Inc. Negative Sentiment: Market commentary about generative AI disruption fears and a reported analyst downgrade added to investor caution around Intuit’s growth outlook and valuation. Generative AI Disruption Fears Hurt Intuit (INTU) Insider Activity In other news, Director Vasant M. Prabhu bought 1,250 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This trade represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last ninety days. Corporate insiders own 2.49% of the company’s stock.
About Intuit (Free Report)
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.
Further Reading Five stocks we like better than Intuit Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU – Free Report).
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Intuit ve spolupráci s Mastercard představil novou firemní kreditní kartu napojenou na QuickBooks. Má pomoci malým firmám spravovat výdaje, úvěr i finanční zdraví na jednom místě.
Intuit has debuted a new small business-focused credit card in collaboration with Mastercard.
The World Elite Business Mastercard, announced Wednesday (July 22), is designed to sync with Intuit’s QuickBooks platform to help businesses manage spending, access credit and get a handle on their financial health from a single place.
“We know businesses don’t have a one-size-fits-all need for capital, which is why we’re building a range of capital solutions on the Intuit platform,” David Hahn, executive vice president and general manager of Intuit’s services group, said in a news release. “The Intuit Business Credit Card introduces a smarter way to power business growth with critical controls and value on every dollar spent. This is an important part of Intuit’s broader commitment to building the capital solutions small businesses need to grow with confidence.”
The release points to in-house findings from Intuit showing that businesses that use financing are almost twice as likely to be “in an active growth phase” than businesses who rely on personal funds.
“Yet many businesses still lack timely access to capital and real-time visibility into their financial health, relying on disconnected tools and manual processes to manage spending, accounting, and financing,” the release said.
Intuit argues its new card addresses this by combining spending, credit, and financial data, allowing for “smarter cash flow control, confident spending, and growth opportunities.”
Research by PYMNTS Intelligence and Mastercard has found that a sizable number of small- to medium-sized businesses (SMBs) don’t use a business credit card, with 30% saying they use personal cards to cover work-related expenses.
“With small businesses alone numbering 36 million in the United States and driving 43.5% of U.S. GDP, it all adds up to a lot of missed opportunity for card issuers,” PYMNTS wrote earlier this year.
More recently, PYMNTS spoke with Ginger Siegel, North America small and medium business lead at Mastercard, about some of the working capital burdens facing SMBs.
“The biggest challenge that small businesses face is really around cash flow uncertainty and everything that cascades from it,” Siegel said in an interview earlier this week, adding that lag times require owners to tap into personal reserves or credit lines.
Siegel went on to say that many businesses also lose purchasing opportunities while waiting for funds to settle, a burden compounded by administrative work that falls to owners who often oversee finance, operations and customer service on their own.
“The card is becoming more than a payment vehicle, and in fact is becoming a salve against those pain points,” PYMNTS wrote.
See More In: credit, credit cards, Intuit, Mastercard, News, partnerships, PYMNTS News, QuickBooks, small businesses, What's Hot, working capital
Na Intuit byla podána hromadná žaloba kvůli údajným zavádějícím tvrzením o růstu a síle podnikání, zejména v TurboTax. Firma dříve snížila výhled růstu tržeb TurboTax na 7 % pro celý rok z 8 %.
NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax. Intuit’s Consumer segment provides do-it-yourself (“DIY”) and assisted income tax preparation products and services under the “TurboTax” brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services. The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.
At all relevant times, Defendants touted purportedly significant “momentum” across Intuit’s various business segments, particularly with respect to its tax-related business. Defendants attributed this purported “momentum” to, inter alia, Intuit’s purportedly significant competitive advantages, including integration of artificial intelligence (“AI”) in its business and operations.
For example, in August 2025, Defendants provided financial guidance for Intuit’s fiscal full year (“FY”) of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing “outstanding execution across our platform” and “breakthrough adoption in assisted tax” as a result of the aforementioned purported competitive advantages.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit’s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled “Intuit to cut 17% of global jobs to streamline operations, memo shows”. Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi (“Goodarzi”), Intuit’s Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that “Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]” The article further revealed that Intuit “is also winding down its Reno and Woodland Hills offices as part of a strategic restructuring to consolidate teams in key hubs, according to the memo.”
On this news, Intuit’s stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.
The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter (“Q3”) 2026 results. Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth. During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit’s Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, “we did not have the overall tax season we expected[.]” On the same call, Defendant Goodarzi likewise stated that he was “dissatisfied with our performance”, noting “[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year”, and that “[w]e lost on price.” Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.” Accordingly, Defendant Goodarzi acknowledged that “we expect TurboTax to grow 7% for the full year”—down from Defendants’ prior guidance of 8% growth—and that, “[t]o reaccelerate this part of our business,” Defendants will need to “evolve our business model by delivering the right lineups and price points to meet simple filers’ needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax.”
Following these disclosures, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Intuit čeká, že TurboTax Live ve fiskálním roce 2026 zvýší tržby o 36 % na téměř 2,8 miliardy USD. Levnější DIY produkty ale ztrácely zákazníky, protože firma „prohrála cenou“.
Key Takeaways Intuit lost DIY customers after its pricing fell short for filers earning less than $50,000 annually.INTU plans simpler products and more competitive pricing to rebuild its DIY tax user base.Intuit aims to grow revenues through Credit Karma and financial services alongside tax products. Intuit Inc.'s (INTU - Free Report) latest tax season highlights a major shift in its TurboTax business. While TurboTax Live continues to post impressive growth, the company's lower-priced DIY tax products lost customers as price-sensitive filers turned to competing options.
The standout performer was TurboTax Live, Intuit's assisted tax offering that combines AI-powered tools with access to human tax experts. The company expects TurboTax Live revenues to climb 36% to nearly $2.8 billion in fiscal 2026, with customer growth of 38%. Live is also projected to account for about 53% of total TurboTax revenues, underscoring how assisted tax preparation has become the company's primary growth engine.
However, the picture is less encouraging for DIY tax filing. Intuit expects total TurboTax Online units to decline about 2% after admitting it "lost on price" among customers earning less than $50,000 annually. Management acknowledged that its pricing strategy was not competitive enough for budget-conscious users, leading to lower e-file market share and fewer free users entering the TurboTax ecosystem.
To address the weakness, Intuit plans to introduce more competitive pricing and simpler product options for basic tax filers. At the same time, it aims to generate more value through Credit Karma, refund products and other financial services rather than relying solely on tax-preparation fees. Customers using both TurboTax and Credit Karma already generate about 30% more revenues, giving Intuit a strong incentive to rebuild its DIY user base while continuing to expand its higher-margin assisted tax business.
How Are Intuit’s Competitors Faring?H&R Block (HRB - Free Report) reported third-quarter fiscal 2026 revenues of $2.4 billion, up 5.3% year over year, driven by higher pricing and volume in U.S. assisted tax preparation. Its assisted-channel market share improved for a third consecutive year, while net income increased 17.4%, indicating healthy demand for expert-led filing services and support.
Paychex’s (PAYX - Free Report) tax-related business, included in its Management Solutions segment (payroll processing, tax filing and compliance), delivered strong momentum in third-quarter fiscal 2026, with revenues rising 23% year over year to $1.4 billion. Growth was driven by higher client volumes, increased revenue per client and sustained demand for payroll tax compliance services, supported by the Paycor acquisition.
INTU’s Price Performance, Valuation and EstimatesShares of Intuit have risen 12.9% over the past month, outperforming both the broader industry and the S&P 500 composite.
Image Source: Zacks Investment Research
In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.35X, which is at a discount to the industry average of 5.18X.
Image Source: Zacks Investment Research
Intuit’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for fiscal 2026 EPS has been revised upward by a cent over the past month. The consensus mark for 2026 calls for 18.4% growth year over year.
Image Source: Zacks Investment Research
Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Boston Common Asset Management v 1. čtvrtletí snížila podíl v Intuit o 94,4 % a prodala 21 541 akcií. Po prodeji držela 1 288 akcií v hodnotě 557 000 USD.
Boston Common Asset Management LLC reduced its stake in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 94.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,288 shares of the software maker’s stock after selling 21,541 shares during the quarter. Boston Common Asset Management LLC’s holdings in Intuit were worth $557,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Planning Alternatives Ltd. ADV boosted its holdings in shares of Intuit by 67.5% in the first quarter. Planning Alternatives Ltd. ADV now owns 772 shares of the software maker’s stock valued at $334,000 after acquiring an additional 311 shares in the last quarter. KBC Group NV lifted its holdings in shares of Intuit by 8.1% in the first quarter. KBC Group NV now owns 85,152 shares of the software maker’s stock valued at $36,818,000 after buying an additional 6,373 shares during the period. S&CO Inc. boosted its stake in Intuit by 109.6% during the first quarter. S&CO Inc. now owns 14,540 shares of the software maker’s stock valued at $6,286,000 after buying an additional 7,602 shares in the last quarter. True North Advisors LLC boosted its stake in Intuit by 12.0% during the first quarter. True North Advisors LLC now owns 748 shares of the software maker’s stock valued at $323,000 after buying an additional 80 shares in the last quarter. Finally, SEB Asset Management AB acquired a new stake in Intuit in the 1st quarter valued at about $37,831,000. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit Price Performance Shares of NASDAQ:INTU opened at $291.09 on Monday. 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 cap of $79.62 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70. The firm has a 50 day simple moving average of $303.20 and a 200 day simple moving average of $404.68.
Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, topping the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same period in the previous year, the company posted $11.65 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, research analysts expect that Intuit Inc. will post 18.18 earnings per share for the current year.
Intuit Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s payout ratio is currently 29.07%.
Analyst Upgrades and Downgrades A number of analysts recently commented on the stock. Mizuho dropped their target price on shares of Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, May 26th. HSBC dropped their price target on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. UBS Group decreased their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Rothschild & Co Redburn cut their target price on Intuit from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 2nd. Finally, Freedom Capital downgraded Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Twenty-two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.39.
View Our Latest Stock Analysis on INTU
Intuit News Summary Here are the key news stories impacting Intuit this week:
Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock? Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock? Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers Insider Buying and Selling at Intuit In other Intuit news, Director Vasant M. Prabhu purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $309.45 per share, with a total value of $386,812.50. Following the completion of the transaction, the director owned 1,250 shares of the company’s stock, valued at approximately $386,812.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Dalzell sold 338 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. This represents a 2.67% 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. Insiders have sold 1,239 shares of company stock worth $348,354 over the last three months. 2.49% of the stock is owned by insiders.
Intuit Profile (Free Report)
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.
See Also Five stocks we like better than Intuit Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU – Free Report).
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AIA Group Ltd. ve 1. čtvrtletí snížila podíl v Intuit o 54,1 % na 7 492 akcií v hodnotě 3,239 milionu USD. Institucionální investoři nyní drží 83,66 % akcií.
AIA Group Ltd decreased its position in shares of Intuit Inc. (NASDAQ:INTU – Free Report) by 54.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,492 shares of the software maker’s stock after selling 8,832 shares during the period. AIA Group Ltd’s holdings in Intuit were worth $3,239,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Intuit in the 4th quarter worth approximately $3,058,407,000. Nicholas Hoffman & Company LLC. bought a new stake in Intuit during the first quarter worth approximately $785,564,000. Arrowstreet Capital Limited Partnership grew its position in Intuit by 36.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,923,842 shares of the software maker’s stock worth $1,274,391,000 after buying an additional 512,684 shares during the last quarter. Bank of New York Mellon Corp grew its position in Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after buying an additional 471,451 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Intuit by 172.1% in the first quarter. SG Americas Securities LLC now owns 674,982 shares of the software maker’s stock valued at $291,849,000 after buying an additional 426,952 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors.
Trending Headlines about Intuit Here are the key news stories impacting Intuit this week:
Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock? Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock? Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers Insider Buying and Selling at Intuit In other news, Director Vasant M. Prabhu purchased 500 shares of Intuit stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, for a total transaction of $154,855.00. Following the acquisition, the director directly owned 1,750 shares in the company, valued at $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the company. Northcoast Research cut their price objective on Intuit from $575.00 to $465.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Evercore decreased their target price on Intuit from $540.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. UBS Group cut their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada reduced their target price on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Mizuho decreased their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Twenty-two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.39.
Read Our Latest Stock Report on INTU
Intuit Stock Performance INTU stock opened at $291.09 on Monday. 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 stock has a market cap of $79.62 billion, a P/E ratio of 17.63, a P/E/G ratio of 1.07 and a beta of 1.00. The firm has a 50 day simple moving average of $303.20 and a 200 day simple moving average of $404.68. Intuit Inc. has a 52 week low of $252.84 and a 52 week high of $813.70.
Intuit (NASDAQ:INTU – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating the consensus estimate of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same quarter in the prior year, the business earned $11.65 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts anticipate that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.
Intuit Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 9th were paid a $1.20 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Intuit’s dividend payout ratio is 29.07%.
Intuit Company Profile (Free Report)
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.
Further Reading Five stocks we like better than Intuit Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Want to see what other hedge funds are holding INTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuit Inc. (NASDAQ:INTU – Free Report).
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Shares of Intuit Inc. (NASDAQ:INTU – Get Free Report) have been given an average rating of “Moderate Buy” by the thirty-two research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $490.3871.
INTU has been the topic of several research reports. Jefferies Financial Group reduced their price objective on Intuit from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Freedom Capital cut Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Wells Fargo & Company dropped their price target on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Truist Financial cut their price target on Intuit from $500.00 to $410.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Citigroup decreased their price objective on Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a report on Thursday, May 21st.
Get Our Latest Research Report on Intuit
Intuit Trading Down 1.3% Shares of INTU opened at $291.09 on Friday. The firm has a market capitalization of $79.62 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. Intuit has a 1-year low of $252.84 and a 1-year high of $813.70. The company has a 50-day moving average of $303.20 and a 200 day moving average of $406.56.
Intuit (NASDAQ:INTU – Get Free Report) last issued its earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the prior year, the firm earned $11.65 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts expect that Intuit will post 18.18 EPS for the current year.
Intuit Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 9th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, July 9th. Intuit’s dividend payout ratio (DPR) is presently 29.07%.
Insider Activity at Intuit In related news, Director Vasant M. Prabhu bought 1,250 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, with a total value of $386,812.50. Following the transaction, the director owned 1,250 shares of the company’s stock, valued at $386,812.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,239 shares of company stock worth $348,354. 2.49% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Intuit Institutional investors have recently added to or reduced their stakes in the stock. Joseph Group Capital Management purchased a new stake in shares of Intuit during the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit in the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC raised its stake in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after acquiring an additional 30 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Intuit during the 1st quarter worth approximately $30,000. Finally, CrossGen Wealth LLC bought a new position in shares of Intuit during the 1st quarter worth approximately $32,000. Institutional investors own 83.66% of the company’s stock.
More Intuit News Here are the key news stories impacting Intuit this week:
Positive Sentiment: Intuit is being viewed as a long-term AI beneficiary as it embeds AI across its platform to automate financial workflows, expand higher-value services, and support future growth. Intuit Reinvents Itself With AI: Should You Buy the Stock? Positive Sentiment: The company’s AI initiative could improve productivity and deepen customer usage, which may support margins and recurring revenue over time. Intuit Reinvents Itself With AI: Should You Buy the Stock? Neutral Sentiment: One analyst note referenced Intuit being upgraded to “strong sell,” but the item provides no detailed rationale and appears secondary to the broader legal-news flow. Intuit upgraded by Piper Sandler to strong sell Negative Sentiment: Multiple law firms announced or reminded investors about a pending securities class action against Intuit, with a lead-plaintiff deadline of September 8, 2026, creating a legal overhang for the stock. Bronstein, Gewirtz & Grossman LLC Urges Intuit Inc. Investors to Act Negative Sentiment: The lawsuit alleges securities fraud and investor harm related to the period when Intuit’s stock dropped after guidance changes, which may keep pressure on shares near term. Robbins Geller Rudman & Dowd LLP Announces that Intuit Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit Negative Sentiment: Several additional firms filed or promoted similar class-action notices, reinforcing concerns that Intuit may face prolonged litigation and headline risk. Pomerantz Law Firm Announces the Filing of a Class Action Against Intuit Inc. and Certain Officers Intuit Company Profile (Get Free Report)
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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Intuit rozšiřuje AI napříč TurboTax, QuickBooks a dalšími produkty; tržby TurboTax Live mají ve fiskálním roce 2026 dosáhnout asi 2,8 mld. USD, tedy růst o 36 %.
Key Takeaways Intuit is embedding AI across TurboTax, QuickBooks, Credit Karma, Mailchimp and Enterprise Suite.INTU expects TurboTax Live revenues to reach about $2.8 billion in fiscal 2026 with 36% growth.Intuit's AI-powered enterprise business grew 38%, driven by QuickBooks Online Advanced and Enterprise Suite. Intuit Inc. (INTU - Free Report) is rapidly transforming from a financial software provider into an artificial intelligence (AI)-powered financial technology platform. Rather than adding AI as a standalone feature, the company is embedding it across TurboTax, QuickBooks, Credit Karma, Mailchimp and Intuit Enterprise Suite to automate financial tasks, improve decision-making and create new growth opportunities.
While the company's long-term AI strategy is gaining momentum, investor sentiment has remained cautious in recent months. The company's shares have declined 27.2% over the past three months compared with the industry's 8.4% fall and the S&P 500 composite's 6.7% rise. Its peers, Automatic Data Processing, Inc. (ADP - Free Report) and Paychex Inc. (PAYX - Free Report) have gained 27% and 23.2%, respectively, during the same period.
The weakness reflects challenges in the price-sensitive do-it-yourself tax market. Management acknowledged losing share among lower-income filers due to pricing, with TurboTax Online units expected to decline modestly during fiscal 2026.
Image Source: Zacks Investment Research
How AI Is Becoming the Core of Intuit's StrategyIntuit now describes itself as an AI-driven expert platform rather than a traditional software company. Its AI capabilities already generate recommendations across more than 50 million financial transactions every week, and management expects these AI agents to increasingly automate accounting, tax compliance, payments, cash-flow management and business decision-making, making its software more valuable while improving customer productivity.
Another key advantage is Intuit's ecosystem of approximately 10 million business customers and one million accountants. This large user base provides proprietary financial data that continuously improves AI models, creating a competitive advantage that becomes stronger as adoption expands.
How Is INTU Embedding AI Across Its Verticals?In May, Intuit launched Analytics AI within Mailchimp, enabling marketers to ask questions in natural language instead of manually building reports. The AI analyzes campaign performance, customer engagement, ecommerce activity and revenue trends before recommending actions businesses should take.
In the same month, the company expanded Intuit Enterprise Suite, its AI-native enterprise resource planning platform for mid-market businesses. The cloud-based platform integrates accounting, payroll, payments, HR, project management, marketing and business intelligence while using conversational AI and virtual agents to automate recurring financial workflows.
Importantly, AI is already translating into measurable business growth. Revenues from QuickBooks Online Advanced and Enterprise Suite increased about 38%, indicating growing customer adoption of Intuit's AI-powered enterprise solutions.
TurboTax is also shifting toward higher-value AI-assisted services. Instead of relying primarily on do-it-yourself tax software, Intuit is expanding TurboTax Live, which combines AI with human tax professionals.
Management expects TurboTax Live revenues to reach approximately $2.8 billion in fiscal 2026, representing 36% growth year over year. Customers are projected to increase 38%, while TurboTax Live is expected to contribute about 53% of total TurboTax revenues. The company estimates the assisted-tax market represents a $37 billion opportunity, highlighting the significant runway for future expansion.
INTU’s Estimate Revision & ValuationAnalysts remain constructive on Intuit's earnings outlook despite near-term headwinds. The Zacks Consensus Estimate for Intuit's fiscal 2026 earnings per share (EPS) has marginally increased to $23.86 over the past month. The 2026 EPS estimate suggests 18.41% growth from the prior-year quarter, supported by continued expansion across the company's AI-driven businesses and higher-value service offerings.
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Shares of Intuit are trading at a discount. Based on the forward 12-month Price-to-Sales (P/S) ratio, INTU trades at 3.39X, below the Zacks Computer - Software industry average of 5.24X.
The stock also carries a lower valuation than several industry peers. For comparison, PAYX trades at a forward P/S multiple of 5.95, while ADP trades at 4.41, highlighting Intuit's relatively discounted valuation.
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Investment OutlookWhile pricing pressure in the DIY tax business and continued AI investments could weigh on near-term results, Intuit appears well-positioned to benefit from the long-term expansion of AI-powered financial services. Investors should monitor AI monetization, TurboTax performance and margin trends for evidence that these initiatives are translating into sustainable earnings growth.
Given the current balance of opportunities and risks, the stock appears well-suited for existing shareholders to hold. Prospective investors, however, may prefer to wait for a more attractive entry point or greater visibility into future growth.
Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Na Intuit byla podána hromadná žaloba kvůli údajným zavádějícím tvrzením o růstu a silných vyhlídkách, zejména u TurboTax. Firma dříve snížila celoroční výhled růstu tržeb TurboTax na 7 % z 8 % pro fiskální rok 2026.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Intuit Inc. (“Intuit” or the “Company”) (NASDAQ: INTU) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-07086, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Intuit securities between August 22, 2025 and May 20, 2026, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are an investor who purchased or otherwise acquired Intuit securities during the Class Period, you have until September 8, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Intuit provides financial management, payments and capital, compliance, and marketing products and services in the United States. The Company has four reportable business segments: (i) Global Business Solutions; (ii) Consumer; (iii) Credit Karma; and (iv) ProTax. Intuit’s Consumer segment provides do-it-yourself (“DIY”) and assisted income tax preparation products and services under the “TurboTax” brand name, whereas its ProTax segment provides tax-preparation software products and electronic tax filing, payment, and related products and services. The Company sells its products and services through direct sales channels, multichannel shop-and-buy experiences, mobile application stores, and partner and other channels.
At all relevant times, Defendants touted purportedly significant “momentum” across Intuit’s various business segments, particularly with respect to its tax-related business. Defendants attributed this purported “momentum” to, inter alia, Intuit’s purportedly significant competitive advantages, including integration of artificial intelligence (“AI”) in its business and operations.
For example, in August 2025, Defendants provided financial guidance for Intuit’s fiscal full year (“FY”) of 2026, ended July 31, 2026, including 8% revenue growth in its TurboTax business, citing “outstanding execution across our platform” and “breakthrough adoption in assisted tax” as a result of the aforementioned purported competitive advantages.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) they had overstated Intuit’s competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (ii) in reality, Intuit was losing significant business in its tax-related business, particularly in its TurboTax business, as a result of, inter alia, increasing competitive and pricing pressures; (iii) accordingly, Intuit’s previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
The truth began to emerge on May 20, 2026, when, during pre-market hours, Reuters published an article entitled “Intuit to cut 17% of global jobs to streamline operations, memo shows”. Citing an internal Company memorandum and email from Defendant Sasan K. Goodarzi (“Goodarzi”), Intuit’s Chairman and Chief Executive Officer, to staff earlier in the day, the article reported that “Intuit . . . is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts[.]” The article further revealed that Intuit “is also winding down its Reno and Woodland Hills offices as part of a strategic restructuring to consolidate teams in key hubs, according to the memo.”
On this news, Intuit’s stock price fell $15.78 per share, or 3.95%, to close at $383.93 per share on May 20, 2026.
The same day, during post-market hours, Intuit issued a press release announcing its fiscal third quarter (“Q3”) 2026 results. Therein, Defendants reported weak Q3 2026 tax season revenue, including, inter alia, TurboTax revenue that grew by only 7% year-over-year, versus consensus estimates of at least 8% revenue growth. During the accompanying earnings call held the same day, also during post-market hours, Defendant Sandeep S. Aujla, Intuit’s Executive Vice President and Chief Financial Officer, acknowledged that, with respect to TurboTax, “we did not have the overall tax season we expected[.]” On the same call, Defendant Goodarzi likewise stated that he was “dissatisfied with our performance”, noting “[w]e faced pressure among the most price-sensitive DIY filers earning less than $50,000 a year”, and that “[w]e lost on price.” Defendant Goodarzi also revealed that TurboTax online paying units were expected to grow by only 2% as total Internal Revenue Service filers were expected to decline by approximately 30 basis points, representing the “most significant industry-wide contraction since the post-COVID tax season.” Accordingly, Defendant Goodarzi acknowledged that “we expect TurboTax to grow 7% for the full year”—down from Defendants’ prior guidance of 8% growth—and that, “[t]o reaccelerate this part of our business,” Defendants will need to “evolve our business model by delivering the right lineups and price points to meet simple filers’ needs at the low end and lean into the power of our broader Consumer platform to monetize beyond tax.”
Following these disclosures, Intuit’s stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Intuit v prvních devíti měsících odkoupil akcie za 3,37 mld. USD a schválil nové zpětné odkupy za 8 mld. USD. Provozní cash flow vzrostl o 29 % na 7,51 mld. USD.
Key Takeaways Intuit repurchased $3.37B of stock in the first nine months and approved a new $8B buyback authorization.INTU generated $7.51B in operating cash flow, supporting buybacks, dividends and growth investments.Intuit expanded lending, sold $1.4B of business loans and continued investing across AI and core platforms. Intuit's (INTU - Free Report) strong cash generation is enabling it to aggressively invest in growth while returning substantial capital to shareholders. In third-quarter fiscal 2026, the company repurchased $1.6 billion of stock, more than double the prior-year quarter. During the first nine months, it bought back 6.6 million shares for $3.37 billion, up more than 60% year over year.
The board also approved a new $8 billion repurchase authorization, underscoring confidence in the company's long-term prospects. Repurchases reduced shares outstanding to about 273.5 million by May 14, despite 1.7 million shares issued under employee stock plans, resulting in a meaningful net decline in the share count.
Intuit returned roughly $4.4 billion to its shareholders through buybacks and dividends during the first nine months of fiscal 2026, while operating cash flow climbed 29% year over year to $7.51 billion, comfortably funding these returns. The company ended the quarter with about $6.8 billion in cash and investments, and $6.2 billion of debt.
At the same time, Intuit continued investing heavily in AI, TurboTax Live, QuickBooks Online, Intuit Enterprise Suite, payments, payroll, business lending, Credit Karma and mid-market expansion. Research and development spending rose 18% to $2.52 billion, while selling and marketing expenses increased 13% to $4.27 billion.
The company also expanded its lending business, with loan originations and purchases reaching $4.93 billion. Although credit-loss provisions increased, Intuit sold about $1.4 billion of business loans to institutional investors, helping manage balance-sheet risk while supporting continued growth.
How Are INTU’s Competitors Returning CapitalH&R Block (HRB - Free Report) raised its quarterly dividend 12% to 42 cents per share and maintains a $1.5 billion share repurchase authorization. Over the past eight years, HRB has reduced its share count by more than 40% through aggressive buybacks, highlighting HRB's strong focus on shareholder returns.
Automatic Data Processing (ADP - Free Report) is an active dividend payer. It has increased its dividend annually for roughly 50 consecutive years. ADP's current annualized dividend is approximately $6.80 per share, based on a quarterly payout of $1.70. ADP also conducts share repurchases, complementing dividends with buybacks while continuing to invest in cloud payroll, HR software and AI-enabled services.
INTU’s Price Performance, Valuation and EstimatesShares of Intuit have fallen 0.4% over the past month, outperforming the broader industry and underperforming the S&P 500 Index.
Image Source: Zacks Investment Research
In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.15X, which is at a discount to the industry average of 5.21X.
Image Source: Zacks Investment Research
Intuit’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for fiscal 2026 EPS has been revised upward by a cent to $23.86 over the past 30 days. The consensus estimate for 2026 calls for 18.4% growth year over year.
Image Source: Zacks Investment Research
Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Intuit letos klesl o více než 50 % kvůli obavám z AI, ale ve čtvrtletí překonal odhady a zvýšil výhled pro fiskální rok 2026. Tržby TurboTax vzrostly meziročně o 7 % a celoroční tržby za fiskální rok 2026 mají vzrůst o 13 % až 14 %.
It hasn't been a good year for Intuit (INTU 2.32%). The stock is down by more than 50% year to date as investors worry that artificial intelligence could weaken demand for many of the company's core products, including TurboTax.
However, a stock can only fall by so much before it's considered undervalued, especially given that Intuit is still gaining market share in key industries.
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A beat-and-raise quarter casts doubts on AI worries Intuit eased worries about AI competition by beating guidance and raising its outlook for the rest of its fiscal 2026. Notably, TurboTax revenue was up 7% year over year in a quarter that saw 10% overall revenue growth. Full-year fiscal 2026 sales are expected to increase by 13% to 14% year over year.
TurboTax also has a major growth engine that can accelerate future growth. Intuit said that TurboTax Live will make up more than half of total revenue and that fiscal 2026 will close up 38% year over year. TurboTax Live lets users connect with a professional tax expert who can assist when filing taxes. This service has been around for almost a decade and lets people find tax experts who can answer questions, review paperwork, or handle all the prep work, depending on the tier you choose.
People who enjoy working with tax professionals will likely stick with that route. It saves time, and people who work with the same tax professional come to trust that expert over time.
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Intuit isn't just TurboTax TurboTax is a major part of Intuit's business, but it's not the only software that is driving growth. TurboTax accounts for a little more than half of total revenue, and the other half is made up of many fast-growing businesses.
Global Business Solutions' revenue was up by 15% year over year, with QuickBooks Online Accounting leading the way with 22% year-over-year revenue growth. Intuit serves businesses that may need multiple software products. For instance, it is realistic for a business that uses QuickBooks to also have a Mailchimp subscription.
It's also similar on the consumer segment side. People who use TurboTax may also need to take out a loan or line of credit with Credit Karma.
Intuit has many synergies in its ecosystem, and many of them generate annual recurring revenue through subscription plans. That setup makes growth more scalable and predictable.
AI fears have driven Intuit's stock to a compelling 10 forward P/E ratio. Revenue and net income are still growing, despite the naysayers. It appears Intuit is due for a rebound, and subsequent earnings results may make that point clear.
Intuit (INTU - Free Report) closed at $261.00 in the latest trading session, marking a -2.03% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.79% for the day. Meanwhile, the Dow experienced a rise of 0.26%, and the technology-dominated Nasdaq saw an increase of 1.52%.
The maker of TurboTax, QuickBooks and other accounting software's stock has dropped by 24.7% in the past month, falling short of the Computer and Technology sector's loss of 4.61% and the S&P 500's loss of 1.82%.
The upcoming earnings release of Intuit will be of great interest to investors. It is anticipated that the company will report an EPS of $3.59, marking a 30.55% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.27 billion, up 11.55% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $23.86 per share and revenue of $21.37 billion, which would represent changes of +18.41% and +13.48%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intuit. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. Intuit currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intuit has a Forward P/E ratio of 11.16 right now. This signifies a discount in comparison to the average Forward P/E of 14.73 for its industry.
Investors should also note that INTU has a PEG ratio of 0.74 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Computer - Software industry stood at 1.28 at the close of the market yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 106, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Intuit ve 3. fiskálním čtvrtletí 2026 zvýšil tržby o 10,4 % a zvedl výhled růstu tržeb za celý rok na 13–14 %. Block mezitím ve 1. čtvrtletí 2026 hlásí růst hrubého zisku o 27,1 % a nové obchodní zákazníky.
Key Takeaways Intuit reported strong fiscal Q3 2026 results and raised its fiscal 2026 revenue growth outlook to 13-14%.Block is expanding Square and Cash App, supported by strong gross profit growth and new merchant wins.XYZ faces macro and competition risks, while INTU contends with cost pressures and tax software competition. Intuit Inc. (INTU - Free Report) and Block (XYZ - Free Report) operate in the fintech space, offering digital financial tools for consumers and businesses. Intuit focuses on tax and accounting software, while XYZ specializes in payments and financial services.
Intuit leverages its broad ecosystem, QuickBooks, TurboTax, Credit Karma and Mailchimp to build a comprehensive platform for consumers, small businesses and professionals. Meanwhile, Block excels through the dual ecosystem of Square and Cash App, serving merchants and consumers.
Let’s weigh the pros and cons of each to find out which stock deserves a spot in your portfolio.
The Case for IntuitIntuit is a global fintech company that powers products such as TurboTax, Credit Karma, QuickBooks, Mailchimp and Intuit Enterprise Suite. The company focuses on helping consumers manage taxes and personal finances while enabling businesses to run end-to-end operations. It reported strong third-quarter fiscal 2026 results, with revenue growth of 10.4%. As a result, the company expects revenue growth of approximately 13-14% for fiscal 2026.
Intuit’s Global Business Solutions segment is a key driver of its business ecosystem. This segment's Online Ecosystem provides a seamless platform for accounting, payroll, payments and analytics. In the third quarter of fiscal 2026, Global Business Solutions revenues grew 15.3% to $3.29 billion, including Online Ecosystem revenues, which rose 18.7%. For fiscal 2026, management expects the segment’s revenues to grow approximately 16%.
Intuit's Consumer segment features Credit Karma, TurboTax and ProTax, together creating year-round financial tools. Management noted that average revenue per user (ARPU) is approximately 30% higher for customers using both TurboTax and Credit Karma than for those using TurboTax alone. In the third quarter of fiscal 2026, the Consumer segment revenues grew 7.5%. For fiscal 2026, management expects Consumer Group revenue growth of 10%, including TurboTax at 7%, Credit Karma at 19% and ProTax at 4%.
Intuit maintains a disciplined capital distribution strategy, committed to boosting shareholder value via consistent dividend hikes and share repurchases. The company has increased its dividend five times over the past five years, with a 15.61% annualized growth rate. Supported by strong operating fundamentals, we expect dividends to remain sustainable in the future. It also repurchased $1.6 billion of stock in the third quarter of fiscal 2026 and received board approval for a new $8 billion repurchase authorization.
However, Intuit has its share of challenges, as its performance is partly tied to the health of small businesses, lending conditions and consumer tax filing dynamics. A slowdown in consumer spending or credit demand could impact its growth. The company’s high costs and expenses remain a major concern. The competitive landscape in tax preparation and enterprise accounting creates pricing pressure, particularly during large contract renewals.
The Case for BlockBlock continues to grow its comprehensive fintech platform, with its Square, Cash App and Afterpay ecosystems offering end-to-end solutions across payments, commerce, banking, investing and lending. XYZ’s first-quarter 2026 results reflected decent top-line performance and strong gross profit growth. Its net revenues increased 4.9% year over year, while the gross profit climbed 27.1%, with Cash App rising 38.3% and Square increasing 9.4%.
Square, Block’s merchant-facing ecosystem, remains strong. In the first quarter of 2026, Square Gross Payment Volume (GPV) rose 13.2% year over year. Additionally, the company partners with more than 140 independent sales organizations (ISO) to complement its direct sales and extend reach to new sellers. This month’s merchant wins, including Ladurée Canada, Sofive Soccer Centers, Coffee Dose and Baker St Café, demonstrate its growing penetration across restaurants, specialty food, sports centers and retail businesses.
Block’s momentum is driven mainly by Cash App, which has grown beyond peer-to-peer payments into a multi-service financial hub for digitally native users. Cash App is broadening its role in users’ financial lives through payments, banking, commerce and bitcoin transactions. Cash App remains focused on making transactions faster, more convenient and more personalized. This month, it launched Cash App Tags, NFC-enabled physical payment accessories that let customers pay with a single tap without a phone or a card.
In early June, Block announced the launch of Afterpay on Cash App Card, making Buy Now, Pay Later (“BNPL”) available to eligible Cash App Card customers. The feature targets American earners with variable incomes and customers who are underserved by the current financial system. It is being rolled out to Cash App’s roughly 59 million monthly transacting active users. Block stands to benefit from increased card usage and merchant volume while capturing BNPL fees.
While Block faces headwinds, including sensitivity to macroeconomic conditions, intensifying competition and a younger-user base concentration, its diversified revenue streams, solid fundamentals and ongoing product innovation counterbalance those risks, positioning the company for durable growth and making it an attractive fintech investment.
How Do Zacks Estimates Compare for INTU & XYZ?The Zacks Consensus Estimate for Intuit’s fiscal 2026 sales and EPS implies a year-over-year increase of 13.48% and 18.41%, respectively. EPS estimates have been trending northward over the past week.
Image Source: Zacks Investment Research
Meanwhile, the consensus estimates for Block’s 2026 sales and EPS indicate a year-over-year rise of 8.29% and 64.14%, respectively. EPS estimates have been trending upward over the past week.
Image Source: Zacks Investment Research
Valuation: INTU vs. XYZIn terms of forward 12-month Price/Sales (P/S), INTU stock is trading at 3.08X, above XYZ, which is currently trading at 1.68X. Although XYZ is trading above its one-year median of 1.53X, INTU is trading below its one-year median of 8.11X.
From a valuation perspective, we note that Intuit shares are trading at a premium to Block.
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Price Performance: INTU vs. XYZOver the past month, shares of XYZ have outperformed INTU and the S&P 500 composite.
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INTU vs. XYZ: Which Stock Is the Better Buy?Both Intuit and Block remain dominant players in the fintech space. Intuit’s advantage lies in its scale and broad financial-software ecosystem, which makes it a reliable market leader. Block is solidifying its role as an innovation leader by growing the Square and Cash App ecosystems. However, Intuit’s rising costs and expenses are a significant concern, while competitive pressures can weigh on pricing, particularly during large contract renewals.
Given Block’s rising earnings estimates, cheaper valuation and recent stronger stock performance, it appears the smarter, lower-risk buy for investors.
Currently, INTU carry Zacks Rank #3 (Hold), while XYZ sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Intuit zrychluje přechod k platformě AI a ve 3. čtvrtletí fiskálního roku 2026 mu business verticals, assisted tax, money portfolio a mid-market business rostly o více než 30 %. Firma zároveň zvýšila celoroční výhled tržeb a non-GAAP zisku.
Key Takeaways Intuit uses AI to automate workflows, improve decisions and expand higher-value assisted services.INTU's AI enhances TurboTax Live, supporting experts and growing assisted tax opportunities.Intuit embeds AI in QuickBooks to streamline business finances and drive mid-market growth. Intuit Inc. (INTU - Free Report) is advancing its transformation into an AI-driven expert platform by combining proprietary financial data, domain-specific AI and human expertise across TurboTax, Credit Karma, QuickBooks, Mailchimp and the Intuit Enterprise Suite. The company's AI strategy is expanding higher-value assisted services, automating workflows, improving decision-making and driving deeper monetization across its ecosystem. This momentum fueled strong third-quarter fiscal 2026 performance, with business verticals, assisted tax, the money portfolio and the mid-market business each growing more than 30%, prompting Intuit to raise its full-year fiscal 2026 revenue and non-GAAP guidance.
AI is enhancing TurboTax Live by supporting human tax experts and expanding assisted tax services. Management estimates assisted tax represents a $37 billion opportunity, covering nearly 88% of TurboTax's total addressable market.
The company's AI-powered ecosystem is also improving monetization. Customers using both TurboTax and Credit Karma generate roughly 30% higher average revenue per user (ARPU) than TurboTax-only users. More than 35% of TurboTax customers adopted fast-money offerings, while tax filers starting in Credit Karma are expected to grow 54%.
Meanwhile, QuickBooks is evolving into a financial "control tower" for businesses. The AI-native platform is gaining traction in the nearly $90 billion mid-market opportunity, with QuickBooks Online Advanced and Intuit Enterprise Suite Online Ecosystem revenues growing about 38% in the third quarter of 2026.
With AI embedded across its core platforms, Intuit is creating multiple avenues for growth through higher-value services, greater cross-selling and increased automation. Continued execution of this strategy should support durable revenue growth and reinforce its competitive advantage.
Other Fintechs’ PerformancePaychex (PAYX - Free Report) is rapidly integrating AI across its HR and payroll platforms, using generative and agentic AI to automate workflows and enhance decision-making. It has introduced AI assistants for conversational support, along with AI-powered analytics for real-time insights and forecasting. The company is also leveraging AI in recruiting and payroll to improve efficiency, accuracy and compliance.
Oracle Corp. (ORCL - Free Report) is a U.S.-based technology company offering cloud infrastructure, databases, enterprise software and ERP solutions such as NetSuite. Oracle is integrating generative AI across its cloud applications, including finance, planning, sales, operations and reporting tools, to improve automation and productivity.
INTU’s Price Performance, Valuation and EstimatesShares of Intuit have declined 24.7% over the past month, underperforming both the broader industry and the S&P 500 Index.
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In terms of forward 12-month Price/Sales (P/S), Intuit is currently trading at 3.08X, which is at a discount to the industry average of 5.91X.
Image Source: Zacks Investment Research
Intuit’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for fiscal 2026 EPS has been revised upward by a cent to $23.86 over the past week. The consensus estimate for 2026 calls for 18.4% growth year over year.
Image Source: Zacks Investment Research
Currently, Intuit carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
