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NASDAQ:INTU

Intuit (INTU) Stock Forecast, Price & News

$512.24

+4.00 (+0.79%)

(As of 09/28/2023 ET)

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Today's Range: $501.19
▼
$517.67
50-Day Range: $485.96
▼
$553.61
52-Week Range: $352.63
▼
$558.64

Volume: 1.26 million shs
Average Volume: 1.24 million shs
Market Capitalization: $143.58 billion

P/E Ratio: 60.69
Dividend Yield: 0.61%
Price Target: $554.19

Intuit MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 8.2% Upside
$554.19 Price Target
Short Interest: Healthy
1.31% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.21
Upright™ Environmental Score
News Sentiment: 0.71
Based on 22 Articles This Week
Insider Trading: Selling Shares
$44.22 M Sold Last Quarter
Proj. Earnings Growth: 15.11%
From $11.25 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.

2.80 out of 5 stars

Computer And Technology Sector

64th out of 603 stocks

Prepackaged Software Industry

13th out of 208 stocks

2.4

Analyst's Opinion

Consensus Rating
Intuit has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $554.19, Intuit has a forecasted upside of 8.2% from its current price of $512.24.
Amount of Analyst Coverage
Intuit has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.31% 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 2.5, 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 3.49%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Yield
Intuit has a dividend yield of 0.61%, 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 36.97%. 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 24.09% 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.

2.6

News and Social Media Coverage

News Sentiment
Intuit has a news sentiment score of 0.71. 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 22 news articles for Intuit this week, compared to 12 articles on an average week.
Search Interest
Only 38 people have searched for INTU on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
36 people have added Intuit to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 $44,218,147.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Intuit are expected to grow by 15.11% in the coming year, from $11.25 to $12.95 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Intuit is 60.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Intuit is 60.69, 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 241.08.
Price to Earnings Growth Ratio
Intuit has a PEG Ratio of 3.08. 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 8.31. 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 (NASDAQ:INTU) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

INTU Stock News Headlines

September 11, 2023 | marketbeat.com

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September 6, 2023 | marketbeat.com

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September 5, 2023 | marketbeat.com

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September 29, 2023 | markets.businessinsider.com

Brent Thill’s Strong Buy Rating for Intuit: A Forecast of Surpassing Growth and AI Synergies

September 28, 2023 | benzinga.com

Intuit Unusual Options Activity For September 28

September 28, 2023 | finance.yahoo.com

Intuit Inc.: Intuit Investor Day: We Like Its Big Bets on the Small-Business Ecosystem; Shares Fairly Valued

September 28, 2023 | forbes.com

Millennials and Generation Z Are More Likely To Discuss Salary Than Older Generations

September 27, 2023 | benzinga.com

Here's How Much $100 Invested In Intuit 20 Years Ago Would Be Worth Today

September 27, 2023 | finance.yahoo.com

Intuit QuickBooks Introduces Two New Payroll Plans to Streamline Payroll and Time Tracking for Canadian Businesses

September 27, 2023 | americanbankingnews.com

Intuit Inc. (NASDAQ:INTU) Given Consensus Rating of "Moderate Buy" by Analysts

September 27, 2023 | msn.com

Compton High's new food truck program teaches students kitchen skills, financial literacy

September 26, 2023 | finance.yahoo.com

Intuit Assist Features Generative AI for Personalized Customer Experience

September 25, 2023 | msn.com

Intuit reverses decision to ban gun companies from using services

September 22, 2023 | msn.com

Intuit QuickBooks Online makes managing small businesses a breeze, and it’s 50% off for 3 months

September 22, 2023 | finance.yahoo.com

Intuit Launches Food Truck Program to Empower Underserved Youth with Vital Financial, Technical and Entrepreneurial Skills

September 21, 2023 | benzinga.com

Intuit Unusual Options Activity For September 21

September 20, 2023 | finance.yahoo.com

Should You Consider Buying Intuit (INTU)?

September 20, 2023 | americanbankingnews.com

Intuit's (INTU) Buy Rating Reaffirmed at Mizuho

September 19, 2023 | marketwatch.com

Intuit Inc. stock underperforms Tuesday when compared to competitors

September 18, 2023 | msn.com

Intuit: Downgrading To Hold - Outperformance To Moderate

September 15, 2023 | finance.yahoo.com

Intuit (INTU) Expands Its Portfolio With QuickBooks Money

See More Headlines

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INTU Company Calendar

Ex-Dividend for 7/18 Dividend: 7/07/2023
Dividend Payable: 7/18/2023
Last Earnings: 8/24/2023
Today: 9/29/2023
Ex-Dividend for 10/17 Dividend: 10/05/2023
Dividend Payable: 10/17/2023
Next Earnings (Estimated): 12/05/2023
Fiscal Year End: 7/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:INTU
CUSIP: 46120210
CIK: 896878
Web: www.intuit.com
Phone: (650) 944-6000
Fax: 650-462-2955
Employees: 18,200
Year Founded: 1983

Price Target and Rating

Average Stock Price Forecast: $554.19
High Stock Price Forecast: $642.00
Low Stock Price Forecast: $360.00
Forecasted Upside/Downside: +8.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 21 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.44
Trailing P/E Ratio: 60.69
Forward P/E Ratio: 45.53
P/E Growth: 3.05
Net Income: $2.38 billion
Net Margins: 16.59%
Pretax Margin: 20.80%
Return on Equity: 16.61%
Return on Assets: 9.99%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 1.47
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $14.37 billion
Price / Sales: 9.99
Cash Flow: $12.83 per share
Price / Cash Flow: 39.91
Book Value: $61.61 per share
Price / Book: 8.31

Miscellaneous

Outstanding Shares: 280,300,000
Free Float: 271,386,000
Market Cap: $143.58 billion
Optionable: Optionable
Beta: 1.19

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Key Executives

Mr. Sasan K. Goodarzi (Age 55)
CEO, Pres & Director
Comp: $3.31M

Mr. Scott D. Cook (Age 71)
Founder & Director
Comp: $1.3M

Ms. Laura A. Fennell (Age 62)
Exec. VP and Chief People & Places Officer
Comp: $1.41M

Ms. Marianna Tessel (Age 56)
Exec. VP and GM of Small Bus. & Self Employed Group
Comp: $1.41M

Mr. Sandeep Singh Aujla (Age 47)
SVP of Fin. for SBSEG & Technology Organization, Exec. VP and CFO

Mr. Sheldon Cummings
VP of Sales, Strategy, Operations, Marketing & Partnerships

Ms. Lauren D. Hotz (Age 47)
Sr. VP & Chief Accounting Officer

Mr. Alex G. Balazs (Age 52)
Exec. VP & CTO

Ms. Kimberly Anderson Watkins CFA
VP of Investor Relations

Ms. Kerry J. McLean (Age 59)
Exec. VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

INTU Stock - Frequently Asked Questions

Should I buy or sell Intuit stock right now?: 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 3 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INTU shares.
View INTU analyst ratings or view top-rated stocks.
What is Intuit's stock price forecast for 2023?: 21 Wall Street analysts have issued 12 month price objectives for Intuit's shares. Their INTU share price forecasts range from $360.00 to $642.00. On average, they anticipate the company's stock price to reach $554.19 in the next twelve months. This suggests a possible upside of 8.2% 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 beginning of the year. Since then, INTU shares have increased by 31.6% and is now trading at $512.24.
View the best growth stocks for 2023 here.
When is Intuit's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our INTU earnings forecast.
How were Intuit's earnings last quarter?: Intuit Inc. (NASDAQ:INTU) issued its quarterly earnings data on Thursday, August, 24th. The software maker reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.22. The software maker had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.64 billion. Intuit had a trailing twelve-month return on equity of 16.61% and a net margin of 16.59%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS.
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, August 22nd. Shareholders of record on Monday, October 9th will be given a dividend of $0.90 per share on Tuesday, October 17th. This represents a $3.60 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from the stock's previous quarterly dividend of $0.78.
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).
Is Intuit a good dividend stock?: Intuit (NASDAQ:INTU) pays an annual dividend of $3.12 per share and currently has a dividend yield of 0.62%. 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 36.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 24.09% 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 updated its FY24 earnings guidance on Thursday, September, 28th. The company provided EPS guidance of $16.17-$16.47 for the period, compared to the consensus EPS estimate of $16.37. The company issued revenue guidance of $15.89-$16.105 billion, compared to the consensus revenue estimate of $16.03 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).
What is Intuit's stock symbol?: Intuit trades on the NASDAQ under the ticker symbol "INTU."
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.
What is Intuit's stock price today?: One share of INTU stock can currently be purchased for approximately $512.24.
How much money does Intuit make?: Intuit (NASDAQ:INTU) has a market capitalization of $143.58 billion and generates $14.37 billion in revenue each year. The software maker earns $2.38 billion in net income (profit) each year or $8.44 on an earnings per share basis.
How many employees does Intuit have?: The company employs 18,200 workers across the globe.
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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How can I contact Intuit?: Intuit's mailing address is 2700 COAST AVENUE, MOUNTAIN VIEW CA, 94039. The official website for the company is www.intuit.com. The software maker can be reached via phone at (650) 944-6000, via email at investor_relations@intuit.com, or via fax at 650-462-2955.

This page (NASDAQ:INTU) was last updated on 9/29/2023 by MarketBeat.com Staff

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