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 Up 1.6 %
NASDAQ:INTU traded up $7.89 during trading hours on Friday, hitting $486.66. 1,178,722 shares of the company were exchanged, compared to its average volume of 1,459,549. Intuit has a 52 week low of $339.36 and a 52 week high of $716.86. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $412.88 and a 200 day moving average price of $443.59. The stock has a market cap of $137.28 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 3.22 and a beta of 1.18.
Intuit (NASDAQ:INTU - Get Rating) last released its earnings results on Tuesday, May 24th. The software maker reported $6.70 earnings per share for the quarter, meeting the consensus estimate of $6.70. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.51 billion. Intuit had a return on equity of 20.77% and a net margin of 19.44%. The company's revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.45 EPS. Analysts forecast that Intuit will post 8.22 earnings per share for the current fiscal year.
Intuit Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 11th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, July 8th. This represents a $2.72 annualized dividend and a dividend yield of 0.56%. Intuit's dividend payout ratio (DPR) is presently 30.84%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on INTU shares. BMO Capital Markets decreased their price objective on shares of Intuit from $550.00 to $475.00 in a research report on Wednesday, May 25th. Oppenheimer lowered their price objective on Intuit to $476.00 in a research report on Wednesday, May 25th. William Blair reiterated an "outperform" rating on shares of Intuit in a research report on Wednesday, May 25th. Barclays lowered their price target on Intuit from $585.00 to $480.00 and set an "overweight" rating on the stock in a report on Friday, May 20th. Finally, Morgan Stanley cut their price objective on shares of Intuit from $720.00 to $550.00 and set an "overweight" rating for the company in a report on Friday, May 20th. One equities research analyst has rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Intuit presently has a consensus rating of "Moderate Buy" and a consensus target price of $561.17.
Insider Activity
In related news, EVP Laura A. Fennell sold 10,000 shares of the firm's 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 sale, the executive vice president now directly owns 28,717 shares of the company's stock, valued at approximately $11,268,263.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Laura A. Fennell sold 10,000 shares of the firm's stock in a transaction dated 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 approximately $11,268,263.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Vazquez sold 1,790 shares of Intuit stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $390.37, for a total transaction of $698,762.30. Following the sale, the director now owns 2,019 shares of the company's stock, valued at approximately $788,157.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,774 shares of company stock valued at $5,002,772. 3.27% of the stock is currently owned by insiders.
