Intuit (NASDAQ:INTU) Stock, Quote.Headers.trade-ideas

Intuit

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.

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BILL Holdings (NYSE: BILL) shares have outperformed the Zacks Computer &amp; Technology sector and its Zacks Internet - Software industry peer Intuit (NASDAQ: INTU) in the past month.

BILL Surges 6% in a Month: Should You Buy, Hold or Sell the Stock?

Dan and Jennifer Gilbert

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Dan Gilbert, co-founder and chairman of Rocket Companies, gave a keynote speech on revitalizing Detroit at the Detroit Economic Club.

Dan Gilbert Talks Detroit&#39;s Revival, Rocket&#39;s Success, Personal Tragedy

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Intuit Inc

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Spruce Point Capital Issues Strong Sell Opinion On Intuit, Citing Lack Of Transparency, Competitive Threats, And Predicting 40%-80% Long-Term Downside

Investors with a lot of money to spend have taken a bullish stance on Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 69% bullish and 15%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $301,640, and 6 are calls, for a total amount of $226,850.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $500.0 to $690.0 for Intuit during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intuit's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intuit's whale trades within a strike price range from $500.0 to $690.0 in the last 30 days. 
<h3>Intuit 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726776166_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$18.0</td>
<td>$17.8</td>
<td>$18.0</td>
<td>$660.00</td>
<td>$59.4K</td>
<td style="text-align: right;">255</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$7.0</td>
<td>$6.8</td>
<td>$6.9</td>
<td>$500.00</td>
<td>$55.2K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">350</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.0</td>
<td>$500.00</td>
<td>$52.5K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">270</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.6</td>
<td>$6.2</td>
<td>$6.5</td>
<td>$500.00</td>
<td>$49.4K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">539</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$94.4</td>
<td>$92.8</td>
<td>$94.4</td>
<td>$600.00</td>
<td>$47.2K</td>
<td style="text-align: right;">17</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About Intuit</h3>
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.
Following our analysis of the options activities associated with Intuit, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Intuit</h3>
<ul>
<li>Trading volume stands at 1,041,770, with INTU's price up by 3.49%, positioned at $655.19.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 68 days.</li>
</ul>
<h3>Professional Analyst Ratings for Intuit</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $739.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $768. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Intuit, targeting a price of $600. 
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Intuit, which currently sits at a price target of $760. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Intuit with a target price of $790. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Intuit, maintaining a target price of $780. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intuit, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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Check Out What Whales Are Doing With INTU

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Shares of software companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

BILL Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) shares have outperformed the Zacks Computer &amp; Technology sector and its Zacks Internet - Software industry peer Intuit (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) in the past month.
While BILL has moved up 5.7%, Intuit has risen 0.3%. The broader sector has dropped 0.8% over the same timeframe.
BILL&#39;s robust price performance has been driven by its impressive fiscal fourth-quarter 2024 results.
It registered 16% year-over-year growth in revenues. Core revenues, which included subscription and transaction fees, also rose 16% to $301 million. The upside was supported by BILL&#39;s ability to acquire new customers and expand its payment offerings.
<div class="chart_embed">
<h3>BILL Holdings, Inc. Price and Consensus</h3>
<img alt="BILL Holdings, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/c0/1726494702.png" style="height:283px; width:620px" title="" />
BILL Holdings, Inc. price-consensus-chart | BILL Holdings, Inc. Quote
BILL added a total of 11,300 net new customers in fourth-quarter fiscal 2024, with 4,600 customers from its direct and accounting channels and 6,700 from financial institutions. The retention rate for BILL standalone customers was 83%, demonstrating strong customer loyalty.
Nevertheless, investors should ask this question &mdash; will expanding clientele make BILL shares a good investment? Let&#39;s analyze.
</div>
<h3>Will BILL&#39;s Strong Portfolio Aid Prospect?</h3>
BILL is solidifying its position in the financial technology landscape with a growing portfolio and strong momentum across its Spend &amp; Expense solution.
In fourth-quarter fiscal 2024, BILL upgraded its payment engine and platform, revamped its mobile app and added local transfer options for international payments and FedNow support for instant transfers. This shows BILL&#39;s dedication to enhancing its financial solutions.
In the same quarter, its solutions were utilized by 475,600 businesses and transacted $76 billion in total payment volume.
The Spend and Expense solution (formerly known as Divvy) saw revenue growth of 26%, driven by a 28% increase in card payment volume. This solution added 1,300 net new businesses in fourth-quarter fiscal 2024.
BILL&#39;s expanding SMB clientele with the likes of Adyen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/adyey#OTC">ADYEY</a>), Regions Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rf#NYSE">RF</a>) and Xero has been a key catalyst.
In June, the company partnered with Regions Bank to launch Regions CashFlowIQSM, a digital solution designed to streamline payments and enhance cash-management processes for commercial clients.
BILL&#39;s partnership with Adyen integrates advanced acquiring and issuing capabilities into its financial operations platform for SMBs, enhancing accounts payable and receivable solutions with Adyen&#39;s technology.
<h3>BILL&#39;s Q1 Outlook Looks Dull</h3>
Bill Holdings&#39; strong demand for its financial operations platform among SMBs is boosting top-line growth. However, a challenging macroeconomic environment, persistent inflation and high interest rates are a major concern as SMBs tighten their spending budgets on digital initiatives.
For first-quarter fiscal 2025, BILL expects revenues to be between $346 million and $351 million, indicating growth of 13-15% year over year. The Zacks Consensus Estimate is pegged at $348.07 million, suggesting a rise of 14.13% year over year.
Non-GAAP earnings per share are expected to be between 48 cents and 51 cents. The consensus mark for earnings declined 5.7% in the past 30 days to 49 cents.
<h3>BILL Stock &ndash; Buy, Sell or Hold?</h3>
BILL stock is not so cheap, as the Value Score of D suggests a stretched valuation at this moment.
The forward 12-month Price/Sales ratio for BILL stands at 4.32X, higher than its Zacks Internet - Software sector&#39;s 3.12X, reflecting a stretched valuation.
BILL Holdings currently carries Zacks Rank #3 (Hold) suggesting that it may be wise to wait for a more favorable entry point in the stock.
<a href="https://www.zacks.com/stock/news/2336690/bill-surges-6-in-a-month-should-you-buy-hold-or-sell-the-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336690">To read this article on Zacks.com click here.</a>

Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) co-founder and <a href="https://www.benzinga.com/topic/dan-gilbert">Chairman Dan Gilbert gave a keynote speech to the Detroit Economic Club (DEC) on Friday</a> focusing on the city&#8217;s revitalization.
Bill Emerson, the president of Rocket Companies, introduced Gilbert, highlighting the former's philanthropic efforts in Detroit. Emerson stated Gilbert and his wife Jennifer put more than $1 billion into the city over the past three or four years. 
Gilbert discussed how he began in the real estate industry, getting his real estate license when he was 19. Gilbert spoke about Rock Financial, a company he founded in 1985 and would take public in 1998 and then later sell to Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>). Gilbert then bought back his direct-to-consumer business from Intuit in 2002. Once that happened, the company began capturing significant market share from other major mortgage lenders. 
Gilbert says Rocket Companies stands out from competitors through its unique culture.&nbsp;
"It's really a special culture and I think that's the No. 1 reason," Gilbert said, speaking of Rocket Companies' success compared to its peers in the industry.&nbsp;
Gilbert and Rocket Companies found success bringing mortgage services completely online in the 1990s and early 2000s. Gilbert explained that people may have been hesitant to buy things like couches and cars online without seeing them in person, but mortgages are just numbers, so he figured if anything could have success online, it would be that. Gilbert and DEC Chair Sandy Pierce's conversation took a more solemn tone, talking about Gilbert's late son Nick, who died from neurofibromatosis, commonly referred to as NF, in 2023. Gilbert's foundation is investing in a medical center in Detroit to help others with NF. Read Also: <a href="https://www.benzinga.com/general/health-care/23/09/34282945/dan-gilbert-to-help-fund-400m-state-of-the-art-detroit-medical-facility-we-decided-to-build-s">Dan Gilbert To Help Fund $400M State-Of-The-Art Detroit Medical Facility: &#8216;We Decided To Build Something Better&#8217;</a><a href="https://www.benzinga.com/general/health-care/23/09/34282945/dan-gilbert-to-help-fund-400m-state-of-the-art-detroit-medical-facility-we-decided-to-build-s"> </a>The medical center, a collaboration with the Henry Ford hospital system, will also house a Shirley Ryan AbilityLab, which focuses on neuro rehabilitation for patients who have suffered strokes and accidents. Gilbert, who had a stroke in 2019, traveled to Chicago for rehabilitation. Gilbert On Battling Michigan&#8217;s Talent Drain: Gilbert discussed bringing Rocket Companies&#8217; headquarters from the suburbs to Detroit, explaining that he saw an opportunity to help rebuild Detroit's downtown to better recruit young talent from across the country. Gilbert discussed the tendency of Michigan students to leave the state after college for cities such as Chicago and New York City. "It's all about talent and talent retention," Gilbert said. "We survey our young folks almost every month and ask them what they want and need in their city." Gilbert highlighted one area downtown that Detroit still needs to improve: public transportation. Gilbert highlighted the QLine, a train that serves a 3.5-mile strip in downtown Detroit, but said that more work needs to be done to expand transportation services in the city.  
Dan and Jennifer Gilbert. Benzinga file photo by Dustin Blitchok.

Dan Gilbert Talks Detroit's Revival, Rocket's Success, Personal Tragedy

Investors with a lot of money to spend have taken a bullish stance on Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 11%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $428,300, and 3 are calls, for a total amount of $2,076,862.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $530.0 and $760.0 for Intuit, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Intuit's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Intuit's significant trades, within a strike price range of $530.0 to $760.0, over the past month.
<h3>Intuit 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726163643_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$144.0</td>
<td>$137.0</td>
<td>$144.0</td>
<td>$640.00</td>
<td>$1.9M</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$130.3</td>
<td>$128.9</td>
<td>$128.9</td>
<td>$760.00</td>
<td>$90.2K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$128.8</td>
<td>$126.8</td>
<td>$128.8</td>
<td>$760.00</td>
<td>$90.1K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">24</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$132.2</td>
<td>$125.7</td>
<td>$128.8</td>
<td>$760.00</td>
<td>$90.1K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">14</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$103.6</td>
<td>$99.7</td>
<td>$99.8</td>
<td>$720.00</td>
<td>$79.8K</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">8</td>
</tr>
</tbody>
</table>

<h3>About Intuit</h3>
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.
Following our analysis of the options activities associated with Intuit, we pivot to a closer look at the company's own performance.
<h3>Intuit's Current Market Status</h3>
<ul>
<li>With a trading volume of 358,874, the price of INTU is down by -0.01%, reaching $643.86.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 75 days from now.</li>
</ul>
<h3>What The Experts Say On Intuit</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $720.0.
<ul>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Intuit, which currently sits at a price target of $757. </li>
<li>An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $685. </li>
<li>Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Intuit, targeting a price of $790. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Intuit, targeting a price of $600. </li>
<li>Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $768.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intuit with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In INTU Options

The Nasdaq 100 closed higher by over 400 points during Wednesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Upstart Holdings</h3>
<ul>
<li>The Trade: Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) CFO Sanjay Datta <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $34.85. The insider received around $52,275 from selling those shares.</li>
<li>What's Happening: On Aug. 20, JP Morgan analyst Reginald Smith maintained Upstart with an Underweight and raised the price target from $27 to $30.</li>
<li>What Upstart Does: Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform.</li>
</ul>
<h3 class="wp-block-heading">Zillow Group</h3>
<ul>
<li>The Trade: Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) President, Zillow Susan Daimler <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 6,031 shares</a> at an average price of $54.16. The insider received around $326,658 from selling those shares.</li>
<li>What's Happening: On Sept. 6, JMP Securities analyst Nicholas Jones reiterated Zillow with a Market Outperform and maintained a $62 price target.</li>
<li>What Zillow Group Does: Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease.</li>
</ul>
<h3 class="wp-block-heading">Intuit</h3>
<ul>
<li>The Trade: Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) EVP, Chief Technology Officer Alex G. Balazs <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,941 shares</a> at an average price of $628.76. The insider received around $1.85 million from selling those shares.</li>
<li>What's Happening: On Aug. 22, Intuit reported better-than-expected fourth-quarter financial results and issued FY25 EPS guidance above estimates. Also, the company approved a new $3 billion repurchase authorization.</li>
<li>What Intuit Does: Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte).</li>
</ul>
<h3 class="wp-block-heading">Insulet</h3>
<ul>
<li>The Trade: Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) Director Timothy J Scannell <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 5,000 shares</a> at an average price of $225.84. The insider received around $1.1 million from selling those shares.</li>
<li>What's Happening: On Aug. 26, Insulet said its Omnipod is now indicated for use by people with type 2 diabetes in the US..</li>
<li>What Insulet Does: Insulet was founded in 2000 with the goal of making continuous subcutaneous insulin infusion therapy for diabetes easier to use.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well"> </a>
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<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
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Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) has outperformed the market over the past 5 years by 6.12% on an annualized basis producing an average annual return of 18.78%. Currently, Intuit has a market capitalization of $175.27 billion. 
Buying $1000 In INTU: If an investor had bought $1000 of INTU stock 5 years ago, it would be worth $2,337.33 today based on a price of $626.99 for INTU at the time of writing.
<h3>Intuit's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725915618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Intuit 5 Years Ago Would Be Worth Today

Whales with a lot of money to spend have taken a noticeably bearish stance on Intuit.
Looking at options history for Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 27% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $55,200 and 9, calls, for a total amount of $258,250.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $590.0 to $640.0 for Intuit during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuit's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuit's substantial trades, within a strike price spectrum from $590.0 to $640.0 over the preceding 30 days.
<h3>Intuit Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725654684_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$68.4</td>
<td>$65.4</td>
<td>$66.7</td>
<td>$640.00</td>
<td>$33.3K</td>
<td style="text-align: right;">852</td>
<td style="text-align: right;">28</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$69.7</td>
<td>$63.2</td>
<td>$66.2</td>
<td>$640.00</td>
<td>$33.1K</td>
<td style="text-align: right;">852</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$68.3</td>
<td>$63.6</td>
<td>$65.6</td>
<td>$640.00</td>
<td>$32.8K</td>
<td style="text-align: right;">852</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$30.6</td>
<td>$29.4</td>
<td>$30.0</td>
<td>$600.00</td>
<td>$30.0K</td>
<td style="text-align: right;">204</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$68.9</td>
<td>$65.3</td>
<td>$66.9</td>
<td>$640.00</td>
<td>$26.7K</td>
<td style="text-align: right;">852</td>
<td style="text-align: right;">23</td>
</tr>
</tbody>
</table>

<h3>About Intuit</h3>
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.
Having examined the options trading patterns of Intuit, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Intuit</h3>
<ul>
<li>Currently trading with a volume of 980,452, the INTU's price is down by -0.99%, now at $615.33. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 81 days.</li>
</ul>
<h3>What The Experts Say On Intuit</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $734.4.
<ul>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Intuit, which currently sits at a price target of $740. </li>
<li>An analyst from JP Morgan has decided to maintain their Neutral rating on Intuit, which currently sits at a price target of $600. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Intuit, which currently sits at a price target of $757. </li>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Intuit, targeting a price of $795. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Intuit with a target price of $780. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intuit options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Intuit's Options: A Look at What the Big Money is Thinking

Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), the global financial technology platform that makes <a href="https://turbotax.intuit.com/">TurboTax</a>, <a href="https://www.creditkarma.com/">Credit Karma</a>, <a href="https://quickbooks.intuit.com/">QuickBooks</a>, and <a href="https://mailchimp.com/">Mailchimp</a>, will host its annual Investor Day at its headquarters in Mountain View, CA on September 26, 2024 at 8:00 a.m. Pacific Time.
Chief Executive Officer Sasan Goodarzi and Chief Financial Officer Sandeep Aujla will be joined by business leaders to discuss Intuit's strategy for fiscal year 2025. The company's fiscal year runs from August 1, 2024 to July 31, 2025.

Events

Intuit To Host Annual Investor Day On September 26, 2024, CEO Sasan Goodarzi And CFO Sandeep Aujla Will Be Joined By Business Leaders To Discuss Intuit's Strategy For Fiscal Year 2025, The Company's Fiscal Year Runs From August 1, 2024 To July 31, 2025

Intuit Unveils Major Enhancements To Its Generative AI Operating System, Introducing GenOS AI Workbench And Upgrades To GenStudio, GenRuntime, And GenUX To Drive Innovation And Growth Across Its Financial Products

On CNBC's &#8220;<a href="https://www.cnbc.com/halftime/">Halftime Report Final Trades</a>,&#8221; Jason Snipe of Odyssey Capital Advisors said he likes Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) here and it's a stock that has done well. He added that the company beat on the top and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40532315/intuit-stock-falls-after-solid-earnings-analysts-say-ai-investments-will-yield-divi">bottom lines but missed guidance</a>.
On Aug. 22, Intuit reported better-than-expected fourth-quarter financial results and issued FY25 EPS guidance above estimates. Also, the company approved a new $3 billion repurchase authorization.
Stephen Weiss of Short Hills Capital Partners named iShares India 50 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDY#NASDAQ">INDY</a>). Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) said they will not go back to China for capacity, so growth is going to continue in India.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Bryn Talkington of Requisite Capital picked Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>) as her final trade.
Stephanie Link of Hightower named Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), which settled higher on Wednesday.
On Aug. 6, Amgen reported worse-than-expected second-quarter adjusted EPS results. Amgen reported quarterly earnings of $4.97 per share which missed the analyst consensus estimate of $5.01. The company reported quarterly sales of $8.388 billion which beat the analyst consensus estimate of $8.333 billion.
Price Action:
<ul>
<li>Intuit shares fell 1.5% to close at $617.04 during Wednesday's session.</li>
<li>iShares India 50 ETF slipped 0.2% during Wednesday session.</li>
<li>Amgen shares gained 0.8% to settle at $329.49 on Wednesday.</li>
<li>Sprott Uranium Miners ETF fell 3.5% during Wednesday's session.</li>
</ul>
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</ul>
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AAPL

AMGN

INDY

URNM

Intuit, Amgen And Sprott Uranium Miners ETF: CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Intuit, Amgen, Sprott Uranium Miners ETF, iShares India 50 ETF

Intuit Collaborates With Education At Work To Launch New Career Pathways For College Students In Tax And Accounting

Investors with a lot of money to spend have taken a bullish stance on Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 18%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $263,262, and 5 are calls, for a total amount of $239,449.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $320.0 to $700.0 for Intuit during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intuit's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intuit's whale trades within a strike price range from $320.0 to $700.0 in the last 30 days. 
<h3>Intuit Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724685333_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/06/24</td>
<td>$1.1</td>
<td>$0.55</td>
<td>$0.88</td>
<td>$665.00</td>
<td>$107.2K</td>
<td style="text-align: right;">33</td>
<td>1.1K</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$35.1</td>
<td>$34.2</td>
<td>$34.77</td>
<td>$620.00</td>
<td>$69.5K</td>
<td style="text-align: right;">203</td>
<td>26</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$86.9</td>
<td>$85.3</td>
<td>$85.3</td>
<td>$640.00</td>
<td>$68.2K</td>
<td style="text-align: right;">73</td>
<td>8</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$62.3</td>
<td>$60.3</td>
<td>$61.3</td>
<td>$600.00</td>
<td>$36.7K</td>
<td style="text-align: right;">455</td>
<td>0</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$93.4</td>
<td>$90.7</td>
<td>$90.7</td>
<td>$610.00</td>
<td>$36.2K</td>
<td style="text-align: right;">0</td>
<td>4</td>
</tr>
</tbody>
</table>

<h3>About Intuit</h3>
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.
<h3>Where Is Intuit Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 566,205, with INTU's price down by -0.47%, positioned at $616.94.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 92 days.</li>
</ul>
<h3>Expert Opinions on Intuit</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $770.0.
<ul>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Intuit with a target price of $757. </li>
<li>Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Intuit with a target price of $795. </li>
<li>Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $768.</li>
<li>An analyst from Barclays has decided to maintain their Overweight rating on Intuit, which currently sits at a price target of $740. </li>
<li>An analyst from Jefferies persists with their Buy rating on Intuit, maintaining a target price of $790. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intuit with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Intuit's Recent Unusual Options Activity

Some <a href="https://www.benzinga.com/topic/wall-street">old Wall Street</a> sayings may not hold up, but others do because they tap into trader psychology. One such saying is, &#8216;Sell at former peaks.&#8217;
This concept is particularly relevant to Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), which is why our team of trading experts has made it our &#8220;Stock of the Day.&#8221;
Stocks tend to hit resistance when they rally up to price levels that were resistance in the past. There is a logical reason for this.
There are traders and investors who bought shares at the previous peak. But soon after they did, the price moved lower.
When this happens, some of the people who bought regret their decision to do so. Many of them decide to sell their positions. But they don't want to lose any money.
As a result of this, when the price returns to their purchase price, they place sell orders. If there are enough of these remorseful buyers placing sell orders, it will create resistance at the price level again.
You can see on the chart that every time over the past few months that INTU reached levels around $672 it hit resistance, and each time a selloff followed.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1009" height="564" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23140611/intu-chart.png" alt="" class="wp-image-511523" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23140611/intu-chart.png 1009w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23140611/intu-chart-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23140611/intu-chart-768x429.png 768w" sizes="(max-width: 1009px) 100vw, 1009px" /></figure>
Read Also: <a href="https://www.benzinga.com/news/24/08/40533244/why-is-diagnostic-tests-provider-applied-dna-sciences-stock-trading-higher-on-friday">Why Is Diagnostic Tests Provider Applied DNA Sciences Stock Trading Higher On Friday?</a>
Stocks have a tendency to sell off after they hit resistance. This action is also due to psychology.
Some of the people who want to sell their shares start to become concerned. They can sense that there are other sellers coming into the market. They know this is the reason the stock has stopped moving higher.
They worry they won&#8217;t be able to execute their trades if others start selling at lower prices, as buyers will naturally opt for the cheaper offers.
As a result, they reduce the prices at which they are willing to sell. Other concerned sellers see this and do the same thing.
This action can turn into a snowball effect. This could push the shares into a downward trend.
People who understand technical analysis understand that charts are graphical illustrations of human emotions and psychology.
There is resistance at former peaks because of buyer's remorse. Stocks sell off of resistance because of anxious sellers.
&#8220;Sell at former peaks&#8221; is one Wall Street saying that's true, and the chart of <a href="https://www.benzinga.com/quote/INTU">Intuit</a> proves it.
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Photo: sdx15/Shutterstock.com

Technicals

Tech

Stock Of The Day: Intuit Confirms Old Adage Of 'Sell At Former Peaks'

Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) shares are trading lower on Friday after the company reported fourth quarter earnings and issued 2025 fiscal year first quarter EPS guidance below <a href="https://www.benzinga.com//node/40517180">estimates</a>.
The Details: Intuit reported earnings after the market closed on Thursday. The company reported an adjusted EPS of $1.99, beating analysts&#8217; estimate of $1.84, and sales of $3.18 billion, beating the $3.08 billion estimate. Intuit reported that its Consumer Group revenue fell 12% to $113 million. Additionally, the company highlighted a 20% increase in its Small Business and Self Employed Group revenue, reaching $2.6 billion; Credit Karma revenue increased by 14% to $485 million.
Outlook: Intuit announced guidance for the 2025 first quarter and fiscal year.
First Quarter: The company sees an adjusted EPS of $2.33 to $2.38, below the $2.79 estimates. Additionally, Intuit expects revenue growth between 5% and 6%.
Fiscal Year: The company sees an adjusted EPS of $19.16 to $19.36, above the $19.15 estimates. Also, Intuit sees sales between $18.16 billion and $18.34 billion versus estimates of $18.18 billion.
Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.
<ul>
<li>Piper Sandler analyst Arvind Ramnani reiterated a Overweight rating on Intuit and raised the price target from&nbsp;$760&nbsp;to&nbsp;$768.</li>
<li>B of A Securities analyst Brad Sills maintained a Buy rating on Intuit and raised the price target from&nbsp;$730&nbsp;to&nbsp;$780.</li>
<li>BMO Capital analyst Daniel Jester maintained a Outperform rating on Intuit and raised the price target from&nbsp;$700&nbsp;to&nbsp;$760.</li>
<li>Stifel analyst Brad Reback maintained a Buy rating on Intuit and raised the price target from&nbsp;$690&nbsp;to&nbsp;$795.</li>
<li>Jefferies analyst Brent Thill maintained a Buy rating on Intuit and raised the price target from&nbsp;$770&nbsp;to&nbsp;$790.</li>
<li>JP Morgan analyst Sterling Auty maintained a Neutral rating on Intuit and raised the price target from&nbsp;$585&nbsp;to&nbsp;$600.</li>
<li>Barclays analyst Raimo Lenschow maintained a Overweight rating on Intuit and lowered the price target from&nbsp;$745&nbsp;to&nbsp;$740.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/markets/esg/24/08/40512436/rivian-hits-rough-patch-production-halts-leadership-shake-ups-dent-stock">Rivian Hits Rough Patch: Production Halts, Leadership Shake-Ups Dent Stock</a>
INTU Price Action: At the time of writing, Intuit stock is moving 7.90% lower at $612.72 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Photo: Shutterstock

Movers

Why Intuit Shares Are Moving Lower On Friday

Shares of Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) were dipping on Friday, even after the company reported <a href="https://www.benzinga.com/news/earnings/24/08/40527211/intuit-analysts-boost-their-forecasts-after-upbeat-results">upbeat quarterly results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
BofA Securities On Intuit
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59ca95686ab12400018386cb/brad-sillshttps:/www.benzinga.com/analyst-stock-ratings/analyst/59ca95686ab12400018386cb/brad-sills">Analyst Brad Sills</a> reiterated a Buy rating, while raising the price target from $730 to $780.
Intuit delivered "solid" quarterly results, "with $100 million upside to total revenue led by better small business growth (20% versus our 17%) and Credit karma growth (14% versus our 3%)," Sills said in a note. The fiscal 2025 guidance was broadly in-line with expectations, he added.
Management lowered the long-term growth outlook from 8%-12% to 6%-10%, providing "a more reasonable expectation and one that could be exceeding with better traction in the new full-service segment," the analyst stated. "The AI enabled Intuit Assist offering has potential to accelerate this effort, via more automated returns processing and targeted marketing," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
JPMorgan On Intuit
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d5296ab85e930001416e5a/mark-murphy">Analyst Mark Murphy</a> reiterated a Neutral rating, while lifting the price target from $585 to $600.
Total revenue growth of 17% was much higher than expected, Murphy said. The company achieved "good profitability, though there is some degradation in the FCF margin for which we don't entirely understand the drivers," he added.
The full-year guidance coming in-line to slightly above expectation is a "positive development given the choppy macro and SMB exposure," the analyst stated. "We do recognize that the FY25 guidance framework is heavily back-end loaded, but see this as an accounting dynamic and aren't overly worried given Intuit's history of execution," he further wrote.
Goldman Sachs On Intuit
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8db85e9300015f1ae0/kash-rangan">Analyst Kash Rangan</a> maintained a Buy rating and price target of $765.
The company reported solid results with "metrics largely achieved" and announced full-year guidance that aligned with consensus "across key metrics," Rangan said in a note.
"As management focuses on the mid-market (characterized by more complex customers), we believe Intuit's AI investments (like Intuit Assist – a Gen-AI tool) can yield dividends," the analyst wrote. "With the heightened requirements of more complex customers, AI investments could help address needs that complement its already leading capabilities (e.g., more complex bookkeeping and accounting), while potentially expanding into nascent areas, like helping perform CFO-esque tasks," he added.
INTU Price Action: Shares of Intuit had declined by 7.77% to $613.62 at the time of publication on Friday.
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Intuit Stock Falls After 'Solid' Earnings, Analysts Say AI Investments Will 'Yield Dividends'

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Friday.
The Dow traded up 0.63% to 40,969.43 while the NASDAQ rose 0.84% to 17,767.15. The S&amp;P 500 also rose, gaining, 0.60% to 5,603.85.
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Leading and Lagging Sectors Information technology shares climbed by 2.1% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
On Thursday, Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) reported better-than-expected results for its fourth quarter and issued strong FY25 EPS guidance.
Also, the company approved a new $3 billion repurchase authorization.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Sequans Communications S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares shot up 130% to $1.2602 after the company reported a year-over-year increase in preliminary second-quarter revenue results.</li>
<li>Shares of CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) got a boost, surging 17% to $119.25 as the company reported better-than-expected second-quarter financial results on Thursday.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares were also up, gaining 11% to $256.99 as the company upbeat earnings for the second quarter.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ZKH Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NASDAQ">ZKH</a>) shares dropped 11% to $3.40. ZKH Group recently reported worse-than-expected second-quarter sales results.</li>
<li>Shares of Farmmi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAMI#NASDAQ">FAMI</a>) were down 59% to $0.2381 after the company announced the pricing of $1 million registered direct offering.</li>
<li>Red Robin Gourmet Burgers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) was down, falling 9% to $4.3150 as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.</li>
</ul>
Commodities In commodity news, oil traded up 2.1% to $74.55 while gold traded up 1.4% at $2,553.00.
Silver traded up 2.6% to $29.805 on Friday, while copper rose 1.2% to $4.1985.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.39%, Germany's DAX rose 0.75% and France's CAC 40 gained 0.58%. Spain's IBEX 35 Index rose 0.81%, while London's FTSE 100 rose 0.29%.
Median expectations for inflation over the next 12 months for the Eurozone came in unchanged at 2.8% for the third month in a row. The manufacturing climate indicator in France climbed to 98.8 in August from 95.4 in July.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 0.40%, Hong Kong's Hang Seng Index falling 0.16%, China's Shanghai Composite Index rising 0.20% and India's BSE Sensex rising 0.04%.
The annual inflation rate in Japan came in at 2.8% in July, holding steady for the third month in a row.
Economics
<ul>
<li>U.S. building permits declined by 3.3% to an annual rate of 1.406 million in July.</li>
<li>Sales of new single-family houses in the U.S. jumped by 10.6% from the prior month to a rate of 739 thousand homes in July.</li>
</ul>
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