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.
Analyst Ratings Changes
Several brokerages have issued reports on INTU. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intuit from $650.00 to $625.00 in a research report on Wednesday, May 25th. BMO Capital Markets lowered their target price on Intuit from $550.00 to $475.00 in a research note on Wednesday, May 25th. Barclays cut their price target on Intuit from $585.00 to $480.00 and set an "overweight" rating for the company in a research note on Friday, May 20th. William Blair reiterated an "outperform" rating on shares of Intuit in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus cut their price objective on shares of Intuit from $580.00 to $465.00 in a research report on Wednesday, May 25th. One investment analyst has rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $561.17.
Intuit Price Performance
Intuit stock opened at $462.07 on Wednesday. The firm has a market capitalization of $130.34 billion, a PE ratio of 52.39, a P/E/G ratio of 3.15 and a beta of 1.18. Intuit has a 52 week low of $339.36 and a 52 week high of $716.86. The firm's 50-day simple moving average is $408.90 and its 200 day simple moving average is $443.95. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.40.
Intuit (NASDAQ:INTU - Get Rating) last announced its quarterly earnings results on Tuesday, May 24th. The software maker reported $6.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $6.70. Intuit had a net margin of 19.44% and a return on equity of 20.77%. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the firm earned $5.45 earnings per share. The company's revenue for the quarter was up 35.0% compared to the same quarter last year. On average, equities research analysts predict that Intuit will post 8.22 EPS for the current fiscal year.
Intuit Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 18th. Investors of record on Monday, July 11th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, July 8th. Intuit's dividend payout ratio is presently 30.84%.
Insider Activity at Intuit
In other Intuit news, EVP James Alexander Chriss sold 984 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $386.29, for a total transaction of $380,109.36. Following the sale, the executive vice president now directly owns 343 shares of the company's stock, valued at approximately $132,497.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intuit news, Director Raul Vazquez sold 1,790 shares of the firm's stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $390.37, for a total value of $698,762.30. Following the sale, the director now directly owns 2,019 shares of the company's stock, valued at approximately $788,157.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Alexander Chriss sold 984 shares of the company's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $386.29, for a total transaction of $380,109.36. Following the transaction, the executive vice president now directly owns 343 shares of the company's stock, valued at approximately $132,497.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,774 shares of company stock valued at $5,002,772. 3.27% of the stock is owned by insiders.
