Movement Alert｜Intuit Falls 3.01% in Regular Trading, Market Reassesses Sequence Deal and Mid-Market Expansion

Market Focus10-23 22:29

On October 23, Intuit fell 3.01% in Regular Trading, trading at $345.11/share, with turnover of $229 million.

The move followed continued market evaluation of Intuit's planned acquisition of revenue management platform Sequence, after the stock had previously strengthened on the deal announcement and the company's reaffirmed outlook.

Intuit said on October 15 that it would acquire Sequence to expand financial offerings for mid-market businesses. Sequence automates pricing, billing and revenue collection, which is intended to strengthen Intuit Enterprise Suite and QuickBooks Online Advanced while broadening coverage in B2B software and professional services. Earlier, Intuit had reiterated fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion and said Assisted Tax, Money and mid-market businesses together account for about 30% of revenue and are growing more than 30% year over year.

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