Intuit Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Intuit stock.
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21 analysts have issued 12-month price targets for Intuit's stock. Their INTU stock forecasts range from $465.00 to $700.00. On average, they expect Intuit's share price to reach $562.56 in the next twelve months. This suggests a possible upside of 44.9% from the stock's current price.
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Intuit's stock was trading at $643.22 at the beginning of 2022. Since then, INTU shares have decreased by 39.6% and is now trading at $388.31.
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Intuit is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
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Intuit Inc. (NASDAQ:INTU) posted its earnings results on Tuesday, May, 24th. The software maker reported $7.65 earnings per share for the quarter, topping the consensus estimate of $7.58 by $0.07. The software maker earned $5.63 billion during the quarter, compared to the consensus estimate of $5.51 billion. Intuit had a trailing twelve-month return on equity of 20.77% and a net margin of 19.44%. The business's revenue was up 35.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.45 earnings per share.
View Intuit's earnings history.

Intuit announced a quarterly dividend on Thursday, May 26th. Investors of record on Monday, July 11th will be paid a dividend of $0.68 per share on Monday, July 18th. This represents a $2.72 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, July 8th.
View Intuit's dividend history.

Intuit(NASDAQ:INTU) pays an annual dividend of $2.72 per share and currently has a dividend yield of 0.70%. Intuit has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Intuit is 30.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Intuit will have a dividend payout ratio of 28.51% next year. This indicates that Intuit will be able to sustain or increase its dividend.
View Intuit's dividend history.

Intuit issued an update on its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided EPS guidance of $11.68-$11.74 for the period, compared to the consensus earnings per share estimate of $11.66. The company issued revenue guidance of $12.63 billion-$12.67 billion, compared to the consensus revenue estimate of $12.32 billion.

785 employees have rated Intuit CEO Sasan Goodarzi on Glassdoor.com. Sasan Goodarzi has an approval rating of 92% among Intuit's employees. This puts Sasan Goodarzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Intuit include Adobe (ADBE), Salesforce (CRM), Synopsys (SNPS), Cadence Design Systems (CDNS), Autodesk (ADSK), Workday (WDAY), ANSYS (ANSS), SS&C Technologies (SSNC), FactSet Research Systems (FDS), Splunk (SPLK), Tyler Technologies (TYL), Aspen Technology (AZPN), Citrix Systems (CTXS), Fair Isaac (FICO) and Manhattan Associates (MANH).
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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 Stonebridge Capital Management Inc. (0.01%). Company insiders that own Intuit stock include Brad D Smith, Dennis D Powell, Gregory N Johnson, Gregory N Johnson, James Alexander Chriss, Jeffrey David Ayers, Kerry J Mclean, Laura A Fennell, Mark J Flournoy, Mark J Flournoy, Michelle M Clatterbuck, Raul Vazquez, Sasan K Goodarzi and Scott D Cook.
View institutional ownership trends for Intuit.

INTU stock was sold by a variety of institutional investors in the last quarter, including Stonebridge Capital Management Inc.. Company insiders that have sold Intuit company stock in the last two years include Brad D Smith, Dennis D Powell, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, Laura A Fennell, Mark J Flournoy, Michelle M Clatterbuck, Raul Vazquez, and Sasan K Goodarzi.
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Shares of INTU 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 $388.31.

Intuit (NASDAQ:INTU) has a market capitalization of $109.53 billion and generates $9.63 billion in revenue each year. The software maker earns $2.06 billion in net income (profit) each year or $8.82 on an earnings per share basis.

Intuit employs 13,500 workers across the globe.

Intuit was founded in 1983.

Intuit's mailing address is 2700 COAST AVENUE, MOUNTAIN VIEW CA, 94039. The official website for Intuit 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.