Intuit Stock Forecast, Price & News

21 Wall Street research 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 research analysts is that investors should "buy" Intuit stock.
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21 brokerages have issued twelve-month price targets for Intuit's shares. Their INTU stock forecasts range from $465.00 to $700.00. On average, they anticipate Intuit's stock price to reach $562.56 in the next twelve months. This suggests a possible upside of 34.7% 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 stock has decreased by 35.1% and is now trading at $417.62.
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Intuit saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 3,060,000 shares, an increase of 38.5% from the May 15th total of 2,210,000 shares. Based on an average daily volume of 2,000,000 shares, the days-to-cover ratio is presently 1.5 days.
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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) released its quarterly earnings data 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 had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.51 billion. Intuit had a net margin of 19.44% and a trailing twelve-month return on equity of 20.77%. The company's quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.45 earnings per share.
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Intuit announced a quarterly dividend on Thursday, May 26th. Shareholders 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 0.65%. 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 0.68%. 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.
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Intuit updated its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided earnings per share (EPS) guidance of $11.68-$11.74 for the period, compared to the consensus EPS 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 Salesforce (CRM), Adobe (ADBE), Synopsys (SNPS), Cadence Design Systems (CDNS), Autodesk (ADSK), Workday (WDAY), ANSYS (ANSS), Splunk (SPLK), SS&C Technologies (SSNC), FactSet Research Systems (FDS), 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.21%), Vanguard Group Inc. (8.51%), State Street Corp (4.15%), Edgewood Management LLC (1.74%), Brown Advisory Inc. (1.35%) and Nicholas Hoffman & Company LLC. (1.34%). 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 Wellington Management Group LLP, Third Point LLC, First Trust Advisors LP, Toronto Dominion Bank, Lord Abbett & CO. LLC, 1832 Asset Management L.P., Bank of New York Mellon Corp, and DSM Capital Partners LLC. 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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INTU stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Sustainable Growth Advisers LP, Fisher Asset Management LLC, BlackRock Inc., Capital World Investors, Winslow Capital Management LLC, Findlay Park Partners LLP, and Select Equity Group L.P..
View insider buying and selling activity for Intuit or or view top insider-buying stocks.

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 $417.62.

Intuit (NASDAQ:INTU) has a market capitalization of $117.80 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 [email protected], or via fax at 650-462-2955.