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 ProConnect. The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; QuickBooks Commerce, a solution for product-based businesses; QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; and payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms. This segment also offers payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; QuickBooks Cash business bank account; and financial supplies and financing for small businesses. The Consumer segment provides TurboTax income tax preparation products and services; and personal finance. 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 ProConnect 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.
Intuit Trading Down 0.1 %
Shares of INTU opened at $477.76 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.63 and a quick ratio of 1.63. Intuit has a 1 year low of $339.36 and a 1 year high of $716.86. The company has a 50 day simple moving average of $418.74 and a two-hundred day simple moving average of $442.33. The firm has a market cap of $134.76 billion, a P/E ratio of 54.17, a price-to-earnings-growth ratio of 3.28 and a beta of 1.18.
Intuit (NASDAQ:INTU - Get Rating) last announced its quarterly earnings data on Tuesday, May 24th. The software maker reported $6.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $6.70. Intuit had a net margin of 19.44% and a return on equity of 20.77%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the firm posted $5.45 EPS. The company's revenue was up 35.0% on a year-over-year basis. On average, equities analysts expect that Intuit will post 8.22 earnings per share for the current fiscal year.
Intuit Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 18th. Stockholders of record on Monday, July 11th were given a dividend of $0.68 per share. The ex-dividend date was Friday, July 8th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.57%. Intuit's dividend payout ratio is currently 30.84%.
Wall Street Analysts Forecast Growth
INTU has been the subject of several research reports. Barclays upped their price target on shares of Intuit from $480.00 to $580.00 and gave the company an "overweight" rating in a research report on Tuesday. Oppenheimer reduced their price target on shares of Intuit to $476.00 in a research report on Wednesday, May 25th. Piper Sandler reduced their price target on shares of Intuit from $674.00 to $500.00 and set an "overweight" rating for the company in a research report on Wednesday, May 25th. Morgan Stanley reduced their price target on shares of Intuit from $720.00 to $550.00 and set an "overweight" rating for the company in a research report on Friday, May 20th. Finally, Credit Suisse Group reduced their price target on shares of Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, May 25th. One equities research analyst has rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Intuit currently has an average rating of "Moderate Buy" and a consensus target price of $573.28.
Insider Activity
In other news, EVP Laura A. Fennell sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $392.39, for a total transaction of $3,923,900.00. Following the completion of the transaction, the executive vice president now directly owns 28,717 shares in the company, valued at approximately $11,268,263.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Raul Vazquez sold 1,790 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $390.37, for a total transaction of $698,762.30. Following the completion of the transaction, the director now directly owns 2,019 shares in the company, valued at approximately $788,157.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Laura A. Fennell sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $392.39, for a total value of $3,923,900.00. Following the transaction, the executive vice president now owns 28,717 shares of the company's stock, valued at $11,268,263.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,774 shares of company stock worth $5,002,772. 3.27% of the stock is currently owned by insiders.
