Intuit (INTU) Stock Forecast, Price & News

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 3 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" INTU shares.
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19 Wall Street analysts have issued twelve-month price objectives for Intuit's stock. Their INTU share price forecasts range from $360.00 to $550.00. On average, they expect the company's stock price to reach $491.35 in the next year. This suggests a possible upside of 17.4% from the stock's current price.
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Intuit's stock was trading at $389.22 on January 1st, 2023. Since then, INTU shares have increased by 7.5% and is now trading at $418.43.
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Intuit saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,540,000 shares, a decline of 5.1% from the April 30th total of 3,730,000 shares. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.3% of the shares of the stock are sold short.
View Intuit's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
View our INTU earnings forecast.

Intuit Inc. (NASDAQ:INTU) released its quarterly earnings results on Tuesday, May, 23rd. The software maker reported $8.92 earnings per share for the quarter, beating the consensus estimate of $7.30 by $1.62. The software maker had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $6.09 billion. Intuit had a trailing twelve-month return on equity of 16.50% and a net margin of 15.91%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $6.70 EPS.
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Intuit declared a quarterly dividend on Tuesday, May 23rd. Investors of record on Monday, July 10th will be given a dividend of $0.78 per share on Tuesday, July 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, July 7th.
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 Software Bull 2X Shares (SWAR), Invesco DWA Technology Momentum ETF (PTF), Neuberger Berman Disrupters ETF (NBDS), WBI BullBear Quality 3000 ETF (WBIL), AdvisorShares Focused Equity ETF (CWS) and ARK Fintech Innovation ETF (ARKF).

Intuit (NASDAQ:INTU) pays an annual dividend of $3.12 per share and currently has a dividend yield of 0.75%. The company 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 is 39.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 30.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

Intuit updated its fourth quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $1.43-$1.48 for the period, compared to the consensus estimate of $1.51. The company issued revenue guidance of $2.63 billion-$2.65 billion, compared to the consensus revenue estimate of $2.45 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 investors include Price T Rowe Associates Inc. MD (5.38%), State Street Corp (3.96%), FMR LLC (2.06%), Geode Capital Management LLC (1.85%), Brown Advisory Inc. (1.22%) and Franklin Resources Inc. (0.95%). Insiders that own company stock include Brad D Smith, Dennis D Powell, Eve B Burton, Gregory N Johnson, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, Laura A Fennell, Lauren D Hotz, Marianna Tessel, Mark J Flournoy, Mark J Flournoy, Michelle M Clatterbuck, Raul Vazquez, Sasan K Goodarzi and Varun Krishna.
View institutional ownership trends.

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 $418.43.

Intuit (NASDAQ:INTU) has a market capitalization of $117.19 billion and generates $12.73 billion in revenue each year. The software maker earns $2.07 billion in net income (profit) each year or $7.92 on an earnings per share basis.

The company employs 17,300 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.