Should I buy or sell Intuit stock right now?

23 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 19 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?

23 brokerages have issued 1-year target prices for Intuit's shares. Their INTU share price targets range from $444.00 to $660.00. On average, they expect the company's share price to reach $582.78 in the next year. This suggests a possible upside of 1.5% 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 2023?

Intuit's stock was trading at $389.22 at the start of the year. Since then, INTU stock has increased by 47.6% and is now trading at $574.32. View the best growth stocks for 2023 here .

Are investors shorting Intuit?

Intuit saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,100,000 shares, an increase of 22.0% from the October 31st total of 3,360,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.5% of the company's stock are short sold. View Intuit's Short Interest .

When is Intuit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our INTU earnings forecast .

How were Intuit's earnings last quarter?

Intuit Inc. (NASDAQ:INTU) released its quarterly earnings data on Tuesday, November, 28th. The software maker reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.49. The software maker earned $2.98 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intuit had a net margin of 17.53% and a trailing twelve-month return on equity of 17.34%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Read the conference call transcript .

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

Intuit declared a quarterly dividend on Tuesday, November 28th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.90 per share on Thursday, January 18th. This represents a $3.60 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, January 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 0.64%. 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 39.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 27.80% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for INTU .

What ETFs hold Intuit's stock?

ETFs with the largest weight of Intuit (NASDAQ:INTU) stock in their portfolio include Global X FinTech Thematic ETF (FINX) , iShares Expanded Tech-Software Sector ETF (IGV) , Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) , AdvisorShares Focused Equity ETF (CWS) , Neuberger Berman Disrupters ETF (NBDS) , First Trust Expanded Technology ETF (XPND) , WBI BullBear Quality 3000 ETF (WBIL) and ARK Fintech Innovation ETF (ARKF) .

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

Intuit issued an update on its FY24 earnings guidance on Tuesday, November, 28th. The company provided EPS guidance of $16.17-16.47 for the period, compared to the consensus EPS estimate of $16.36. The company issued revenue guidance of $15.890-16.105 billion, compared to the consensus revenue estimate of $16.02 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 investors include FMR LLC (2.01%), Morgan Stanley (1.37%), Brown Advisory Inc. (1.24%), Northern Trust Corp (1.15%), State Farm Mutual Automobile Insurance Co. (1.11%) and Invesco Ltd. (1.10%). Insiders that own company stock include 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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

Most-Upgraded StocksMost-Upgraded

Intuit Stock Price, News & Analysis (NASDAQ:INTU)

$574.32

+2.86 (+0.50%)

(As of 12/1/2023 ET)

Compare

Today's Range: $564.45
▼
$576.68
50-Day Range: $479.45
▼
$577.23
52-Week Range: $370.62
▼
$599.00

Volume: 1.33 million shs
Average Volume: 1.39 million shs
Market Capitalization: $160.77 billion

P/E Ratio: 62.77
Dividend Yield: 0.63%
Price Target: $582.78

Intuit MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 1.5% Upside
$582.78 Price Target
Short Interest: Healthy
1.51% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.21
Upright™ Environmental Score
News Sentiment: 0.64
Based on 76 Articles This Week
Insider Trading: Selling Shares
$12.51 M Sold Last Quarter
Proj. Earnings Growth: 10.97%
From $11.67 to $12.95 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Computer And Technology Sector

56th out of 594 stocks

Prepackaged Software Industry

11th out of 202 stocks

2.4

Analyst's Opinion

Consensus Rating
Intuit has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 19 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $582.78, Intuit has a forecasted upside of 1.5% from its current price of $574.32.
Amount of Analyst Coverage
Intuit has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.51% of the float of Intuit has been sold short.
Short Interest Ratio / Days to Cover
Intuit has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Intuit has recently increased by 22.02%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Intuit has a dividend yield of 0.64%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Intuit has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of Intuit is 39.34%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Intuit will have a dividend payout ratio of 27.80% next year. This indicates that Intuit will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Intuit has received a 27.85% net impact score from Upright. Intuit seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Tax declaration applications", "E-invoicing software", and "Accounting software" products. See details.
Environmental Sustainability
The Environmental Impact score for Intuit is -0.21.

2.0

News and Social Media Coverage

News Sentiment
Intuit has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 76 news articles for Intuit this week, compared to 14 articles on an average week.
Search Interest
Only 30 people have searched for INTU on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
Only 20 people have added Intuit to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Intuit insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $12,508,976.00 in company stock.
Percentage Held by Insiders
Only 3.18% of the stock of Intuit is held by insiders.
Percentage Held by Institutions
82.63% of the stock of Intuit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Intuit are expected to grow by 10.97% in the coming year, from $11.67 to $12.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Intuit is 62.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Intuit is 62.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.41.
Price to Earnings Growth Ratio
Intuit has a PEG Ratio of 3.32. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Intuit has a P/B Ratio of 9.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

INTU Stock News Headlines

November 20, 2023 | marketbeat.com

3 stocks that crushed earnings estimates and still tanked (INTU)

Every earnings season, regardless of sector or industry, has its share of stocks that go down even after beating earnings expectations such as these stocks

December 1, 2023 | venturebeat.com

A blueprint for the perfect Gen AI data layer: Insights from Intuit

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

December 1, 2023 | finance.yahoo.com

Intuit Inc. (NASDAQ:INTU) Q1 2024 Earnings Call Transcript

December 1, 2023 | msn.com

3 ways Intuit QuickBooks Online helps you manage your small business

December 1, 2023 | finance.yahoo.com

Are Robust Financials Driving The Recent Rally In Intuit Inc.'s (NASDAQ:INTU) Stock?

November 30, 2023 | seekingalpha.com

Intuit's Robust Q1 Performance, Powered By Data And AI

November 30, 2023 | finance.yahoo.com

Intuit Inc.: Strong fiscal 1Q results; reiterating target of $640

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.