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Intuit (INTU) Stock Price, News & Analysis

$655.08
-4.73 (-0.72%)
(As of 09:46 AM ET)
Today's Range
$654.48
$660.00
50-Day Range
$586.82
$664.28
52-Week Range
$384.05
$668.24
Volume
111,613 shs
Average Volume
1.19 million shs
Market Capitalization
$183.41 billion
P/E Ratio
66.84
Dividend Yield
0.55%
Price Target
$633.29

Intuit MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.9% Downside
$633.29 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.58mentions of Intuit in the last 14 days
Based on 76 Articles This Week
Insider Trading
Selling Shares
$71.85 M Sold Last Quarter
Proj. Earnings Growth
16.89%
From $11.25 to $13.15 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.

4.87 out of 5 stars

Computer And Technology Sector

22nd out of 578 stocks

Prepackaged Software Industry

5th out of 201 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

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Business services stocks like Snowflake could be the ones to see the next wave of investment inflows on the back of a heating labor market in the United States
Miso Robotics stock: Is an IPO coming soon? (INTU)
Can you buy Miso Robotics stock? Miso Robotics is not yet publicly traded, but there are other ways to get in on this branch of AI. Learn more.
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Intuit (NASDAQ:INTU) Price Target Raised to $725.00
Intuit (NASDAQ:INTU) Price Target Raised to $585.00
Intuit (NASDAQ:INTU) PT Raised to $750.00 at Piper Sandler
Barclays Raises Intuit (NASDAQ:INTU) Price Target to $745.00
Susquehanna Increases Intuit (NASDAQ:INTU) Price Target to $775.00
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Oppenheimer Raises Intuit (NASDAQ:INTU) Price Target to $712.00
Intuit (INTU) Gets a Hold from J.P. Morgan
Intuit (NASDAQ:INTU) Hits New 52-Week High on Strong Earnings
Analysts Bullish On Intuit's AI Strategy Following Solid Q4 Performance
Q2 2024 Intuit Inc Earnings Call
Intuit Inc. (NASDAQ:INTU) Q2 2024 Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 1/18 Dividend
1/09/2024
Dividend Payable
1/18/2024
Last Earnings
2/22/2024
Today
2/26/2024
Ex-Dividend for 4/18 Dividend
4/09/2024
Dividend Payable
4/18/2024
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
$633.29
High Stock Price Target
$775.00
Low Stock Price Target
$444.00
Potential Upside/Downside
-4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
24 Analysts

Profitability

Net Income
$2.38 billion
Pretax Margin
21.84%

Debt

Sales & Book Value

Annual Sales
$15.09 billion
Cash Flow
$12.61 per share
Book Value
$61.62 per share

Miscellaneous

Free Float
271,783,000
Market Cap
$184.68 billion
Optionable
Optionable
Beta
1.24

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Should I Buy Intuit Stock? INTU Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Intuit was last updated on Wednesday, February 21, 2024 at 1:26 PM.

Pros

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

  • Intuit provides financial management and compliance products for various consumer segments, offering a diverse range of services that cater to different financial needs.
  • Intuit's Small Business & Self-Employed segment includes QuickBooks Online Advanced, a cloud-based solution, which is a popular choice for small businesses looking for efficient financial management tools.
  • Intuit's Credit Karma segment offers personalized recommendations for loans, credit cards, and insurance products, providing consumers with valuable financial insights.
  • Intuit's ProTax segment provides tax-preparation software products like Lacerte and ProSeries, which are trusted tools for accounting professionals during tax seasons.
  • Intuit's stock ownership by institutional investors indicates confidence in the company's performance and potential growth, which can be reassuring for individual investors.

Cons

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

  • Intuit's stock price may be subject to market volatility, and investors should carefully consider their risk tolerance before investing.
  • Intuit operates in the competitive industry of prepackaged software, facing challenges from other established players and emerging technologies.
  • Intuit's reliance on the performance of its different segments, such as Small Business & Self-Employed and Consumer, could impact overall financial results if any segment underperforms.
  • Intuit's international operations introduce currency exchange risks, which can affect the company's financial performance in global markets.
  • Intuit's success is tied to the adoption and retention of its products and services by consumers and businesses, making market demand a crucial factor for sustained growth.














INTU Stock Analysis - Frequently Asked Questions

Should I buy or sell Intuit stock right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 4 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street 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?

24 analysts have issued 12-month target prices for Intuit's shares. Their INTU share price targets range from $444.00 to $775.00. On average, they expect the company's share price to reach $633.29 in the next twelve months. This suggests that the stock has a possible downside of 3.9%.
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 5.5% and is now trading at $659.11.
View the best growth stocks for 2024 here
.

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) released its quarterly earnings data on Thursday, February, 22nd. The software maker reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.33. The software maker earned $3.39 billion during the quarter, compared to analysts' expectations of $3.39 billion. Intuit had a net margin of 18.35% and a trailing twelve-month return on equity of 17.51%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS.
Read the conference call transcript
.

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

Intuit announced a quarterly dividend on Thursday, February 22nd. Stockholders 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 annualized dividend and a yield of 0.55%. 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 0.55%. 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 27.38% 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 earnings per share guidance of $16.17-16.47 for the period, compared to the consensus 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.21%), Price T Rowe Associates Inc. MD (3.52%), Edgewood Management LLC (1.31%), Brown Advisory Inc. (1.27%), Norges Bank (1.20%) and Fisher Asset Management LLC (1.11%). Insiders that own company stock include Alex G Balazs, Brad D Smith, Dennis D Powell, Eve B Burton, Gregory N Johnson, James Alexander Chriss, 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.
Read More
This page (NASDAQ:INTU) was last updated on 2/26/2024 by MarketBeat.com Staff