Intuit (INTU) Stock Price, News & Analysis

$635.49
+4.61 (+0.73%)
(As of 04/24/2024 ET)
Today's Range
$622.56
$642.11
50-Day Range
$605.17
$669.36
52-Week Range
$400.22
$671.01
Volume
1.38 million shs
Average Volume
1.19 million shs
Market Capitalization
$177.94 billion
P/E Ratio
64.85
Dividend Yield
0.57%
Price Target
$650.23

Intuit MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
2.3% Upside
$650.23 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.72mentions of Intuit in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$3.12 M Sold Last Quarter
Proj. Earnings Growth
18.01%
From $11.27 to $13.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Computer And Technology Sector

17th out of 588 stocks

Prepackaged Software Industry

6th out of 195 stocks

INTU stock logo

About Intuit Stock (NASDAQ:INTU)

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax. The Small Business & Self-Employed segment provides QuickBooks services, that includes financial and business management online services and desktop software, payroll solutions, time tracking, merchant payment processing solutions, and financing for small businesses; and Mailchimp services, such as e-commerce, marketing automation, and customer relationship management. This segment also offers QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; and QuickBooks Self-Employed solution; payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; and financial supplies and financing for small businesses, as well as electronic filing of federal and state income tax returns. The Consumer segment provides TurboTax income tax preparation products and services. The Credit Karma segment offers consumers with a personal finance platform that provides personalized recommendations of home, auto, and personal loans, as well as credit cards and insurance products. The ProTax segment provides Lacerte, ProSeries, and ProFile desktop tax-preparation software products; and ProConnect Tax Online tax products, electronic tax filing service, and bank products and related services. It sells products and services through various sales and distribution channels, including multi-channel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels. The company was founded in 1983 and is headquartered in Mountain View, California.

INTU Stock Price History

INTU Stock News Headlines

Prosecutors: South Carolina prison supervisor took $219,000 in bribes; got 173 cellphones to inmates
Federal prosecutors say a supervisor who managed security at a South Carolina prison accepted more than $219,000 in bribes over three years and got 173 contraband cellphones for inmates
Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
Intuit (NASDAQ:INTU) Downgraded by StockNews.com to Hold
Global crypto currency reset (41 major banks signed up)
Behind closed doors, at least 41 major US banks have signed up to a strange new crypto project...
Intuit (NASDAQ:INTU) Shares Down 0.4%
7 Growth Stocks to Buy Now: Q2 Edition
Intuit’s Growth in Tax Filing Market Prompts Buy Rating
Short Interest in Intuit Inc. (NASDAQ:INTU) Drops By 10.1%
7 Must-Buy Stocks Whenever the Market Falters
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 4/18 Dividend
4/09/2024
Dividend Payable
4/18/2024
Today
4/25/2024
Next Earnings (Estimated)
5/28/2024
Fiscal Year End
7/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:INTU
CUSIP
46120210
Employees
18,200
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$650.23
High Stock Price Target
$775.00
Low Stock Price Target
$520.00
Potential Upside/Downside
+2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
22 Analysts

Profitability

Net Income
$2.38 billion
Pretax Margin
22.17%

Debt

Sales & Book Value

Annual Sales
$14.37 billion
Cash Flow
$13.14 per share
Book Value
$61.62 per share

Miscellaneous

Free Float
271,880,000
Market Cap
$177.94 billion
Optionable
Optionable
Beta
1.21

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Should I Buy Intuit Stock? INTU Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Intuit Inc.:

  • Intuit Inc. offers a diverse range of financial management and compliance products and services for consumers, small businesses, self-employed individuals, and accounting professionals, catering to a wide market.
  • The company operates in multiple segments, including Small Business & Self-Employed, Consumer, Credit Karma, and ProTax, providing a diversified revenue stream.
  • Intuit's flagship product, QuickBooks Online Advanced, is a cloud-based financial management solution that has gained popularity among small businesses for its ease of use and comprehensive features.
  • Intuit's recent stock price performance has shown consistent growth, reflecting positive investor sentiment and potential for further appreciation.
  • Intuit's focus on innovation and technology advancements in its products keeps it competitive in the rapidly evolving financial software industry.

Cons

Investors should be bearish about investing in Intuit Inc. for these reasons:

  • Intuit Inc. operates in a highly competitive market with other established players, which could pose challenges in maintaining market share and profitability.
  • The company's reliance on subscription-based revenue models for products like QuickBooks Online Advanced makes it susceptible to fluctuations in customer retention rates and market demand.
  • Intuit's exposure to regulatory changes in the financial services industry could impact its operations and financial performance.
  • Market volatility and economic uncertainties may affect Intuit's financial results and stock price, leading to potential risks for investors.
  • Investors should carefully consider the valuation metrics and financial health of Intuit Inc. before making investment decisions to ensure they align with their risk tolerance and investment objectives.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Intuit pros and cons to contact@marketbeat.com.

INTU Stock Analysis - Frequently Asked Questions

Should I buy or sell Intuit stock right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 4 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INTU shares.
View INTU analyst ratings
or view top-rated stocks.

What is Intuit's stock price target for 2024?

22 equities research analysts have issued 12-month price targets for Intuit's shares. Their INTU share price targets range from $520.00 to $775.00. On average, they anticipate the company's share price to reach $650.23 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
View analysts price targets for INTU
or view top-rated stocks among Wall Street analysts.

How have INTU shares performed in 2024?

Intuit's stock was trading at $625.03 at the beginning of the year. Since then, INTU stock has increased by 1.7% and is now trading at $635.49.
View the best growth stocks for 2024 here
.

Are investors shorting Intuit?

Intuit saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,390,000 shares, a decrease of 10.1% from the March 15th total of 3,770,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is currently 2.7 days. Currently, 1.3% of the shares of the stock are sold short.
View Intuit's Short Interest
.

When is Intuit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our INTU earnings forecast
.

How were Intuit's earnings last quarter?

Intuit Inc. (NASDAQ:INTU) issued its quarterly earnings data on Thursday, February, 22nd. The software maker reported $2.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.33. The software maker had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a trailing twelve-month return on equity of 17.51% and a net margin of 18.35%. Intuit's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share.
Read the conference call transcript
.

How often does Intuit pay dividends? What is the dividend yield for Intuit?

Intuit announced a quarterly dividend on Tuesday, February 20th. Investors of record on Wednesday, April 10th will be given a dividend of $0.90 per share on Thursday, April 18th. This represents a $3.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for INTU
.

Is Intuit a good dividend stock?

Intuit (NASDAQ:INTU) pays an annual dividend of $3.60 per share and currently has a dividend yield of 0.59%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 36.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 27.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

What guidance has Intuit issued on next quarter's earnings?

Intuit issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $16.17-16.47 for the period, compared to the consensus earnings per share estimate of $16.40. The company issued revenue guidance of $15.890-16.105 billion, compared to the consensus revenue estimate of $16.05 billion.

What is Sasan Goodarzi's approval rating as Intuit's CEO?

785 employees have rated Intuit Chief Executive Officer Sasan Goodarzi on Glassdoor.com. Sasan Goodarzi has an approval rating of 92% among the company's employees. This puts Sasan Goodarzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Intuit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Intuit investors own include NVIDIA (NVDA), Netflix (NFLX), Adobe (ADBE), PayPal (PYPL), Salesforce (CRM), Alibaba Group (BABA), Walt Disney (DIS), Mastercard (MA), Visa (V) and Tesla (TSLA).

Who are Intuit's major shareholders?

Intuit's stock is owned by many different institutional and retail investors. Top institutional shareholders include Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Raymond James & Associates (0.16%), Congress Asset Management Co. MA (0.08%), Perpetual Ltd (0.05%) and Wedge Capital Management L L P NC (0.04%). Insiders that own company stock include Alex G Balazs, Alex G Balazs, Brad D Smith, Dennis D Powell, Eve B Burton, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, Laura A Fennell, Lauren D Hotz, Marianna Tessel, Mark J Flournoy, Mark J Flournoy, Mark P Notarainni, Michelle M Clatterbuck, Raul Vazquez, Sandeep Aujla, Sasan K Goodarzi and Varun Krishna.
View institutional ownership trends
.

How do I buy shares of Intuit?

Shares of INTU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Intuit have any subsidiaries?
The following companies are subsidiares of Intuit: Acrede HR & Payroll Solutions, AisleBuyer, Applatix, Applatix Inc., Blue Ocean Software, BooRah, CBS Employer Services Inc., Chrono LLC, ChronoBooks, Computing Resources Inc., Credit Karma, Dallas Innovative Merchant Solutions LLC, Demandforce, Digital Insight, Docstoc, Elastic Intelligence, Electronic Clearing House LLC., EmployeeMatters Insurance Agency Inc., Exactor, Exactor (Canada) Inc., Exactor Inc., Full Slate, GoodApril, Halo Merger Sub I Inc., Halo Merger Sub II LLC, Homestead Technologies, IFI Borrower SPV I LLC, Intuit (Check) Software Ltd., Intuit Australia Pty Limited, Intuit Brasil Servicos de Informatica Ltda., Intuit Canada Tax ULC, Intuit Canada ULC, Intuit Consumer Group LLC., Intuit Distribution Inc., Intuit Do-It-Yourself Payroll, Intuit Financing Inc., Intuit France SAS, Intuit Holding Ltd, Intuit India Product Development Centre Private Ltd., Intuit India Software Solutions Private Limited, Intuit India Technology and Services LLP, Intuit Insurance Services Inc., Intuit Limited, Intuit Mint Bills Inc., Intuit Mint Bills Payments Inc., Intuit Mortgage Inc., Intuit Payment Solutions LLC, Intuit Payments Inc., Intuit Payroll Holding LLC, Intuit Payroll Services LLC, Intuit Quickbooks Mexico Sociedad de Responsabilidad Limitada de Capital Variable, Intuit Sales Tax LLC, Intuit Singapore Pte. Limited, Intuit TT Offerings Inc., Lacerte Software Corporation, Lettuce, Level Up Analytics, Level Up Analytics GmbH, Lion’s Partners LLC, MINT, MTS Global (Europe) Limited, MedFusion, Mint Bills, Mint Software Inc., MyCorporation, Origami Logic, Origami Logic (Thailand) Co. Ltd, Origami Logic Inc., Origami Logic Ltd., PayCycle, PayCycle Inc., PaySuite, Payroll Solution Inc., Payvment, Playbook HR, Porticor Cloud Security, Quincy Data Center LLC, Squire Inc., StepUp, T-Jar Inc., TSheets Holdco Inc., TSheets.com LLC, Tradegecko, Tsheets, Zeropaper, and itDuzzit.
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This page (NASDAQ:INTU) was last updated on 4/25/2024 by MarketBeat.com Staff

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