Intuit (INTU) Stock Forecast, Price & News

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.
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21 equities research analysts have issued 1-year price objectives for Intuit's shares. Their INTU share price forecasts range from $360.00 to $642.00. On average, they predict the company's share price to reach $554.19 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
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Intuit's stock was trading at $389.22 at the beginning of 2023. Since then, INTU shares have increased by 30.6% and is now trading at $508.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our INTU earnings forecast.

Intuit Inc. (NASDAQ:INTU) posted its quarterly earnings data on Thursday, August, 24th. The software maker reported $1.65 earnings per share for the quarter, topping the consensus estimate 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 net margin of 16.59% and a trailing twelve-month return on equity of 16.61%. Intuit's revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS.
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Intuit announced a quarterly dividend on Tuesday, August 22nd. Stockholders of record on Monday, October 9th will be paid a dividend of $0.90 per share on Tuesday, October 17th. This represents a $3.60 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, October 5th. This is a boost from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for INTU.

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).

Intuit (NASDAQ:INTU) pays an annual dividend of $3.60 per share and currently has a dividend yield of 0.61%. 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 42.65%. 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.

Intuit issued an update on its first quarter 2024 earnings guidance on Monday, August, 28th. The company provided EPS guidance of $1.94-$2.00 for the period, compared to the consensus EPS estimate of $1.99. The company issued revenue guidance of $2.86 billion-$2.88 billion, compared to the consensus revenue estimate of $2.93 billion.

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.

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).

Intuit trades on the NASDAQ under the ticker symbol "INTU."

Intuit's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (56.16%), BlackRock Inc. (8.29%), State Street Corp (4.03%), Geode Capital Management LLC (1.90%), Brown Advisory Inc. (1.26%) and Northern Trust Corp (1.09%). Insiders that own company stock include 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.
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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.
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One share of INTU stock can currently be purchased for approximately $508.24.

Intuit (NASDAQ:INTU) has a market capitalization of $142.46 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.

The company employs 18,200 workers across the globe.

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.