Intuit - INTU Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 2 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INTU shares.
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22 brokerages have issued twelve-month price targets for Intuit's shares. Their INTU share price forecasts range from $360.00 to $650.00. On average, they predict the company's share price to reach $496.58 in the next year. This suggests a possible upside of 27.8% from the stock's current price.
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Intuit's stock was trading at $643.22 on January 1st, 2022. Since then, INTU stock has decreased by 39.6% and is now trading at $388.65.
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Intuit saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,110,000 shares, a decrease of 17.6% from the October 31st total of 2,560,000 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 1.2 days.
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Intuit Inc. (NASDAQ:INTU) released its quarterly earnings data on Thursday, November, 18th. The software maker reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.56. The software maker had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.81 billion. Intuit had a trailing twelve-month return on equity of 14.31% and a net margin of 14.10%. The firm's quarterly revenue was up 51.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS.
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Intuit announced a quarterly dividend on Thursday, December 1st. Investors of record on Tuesday, January 10th will be given a dividend of $0.78 per share on Wednesday, January 18th. This represents a $3.12 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, January 9th.
Read our dividend analysis for INTU.

Intuit (NASDAQ:INTU) pays an annual dividend of $3.12 per share and currently has a dividend yield of 0.80%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 47.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 29.10% 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 FY23 earnings guidance on Tuesday, November, 29th. The company provided earnings per share (EPS) guidance of $13.59-13.89 for the period, compared to the consensus EPS estimate of $13.78. The company issued revenue guidance of $14.035-14.250 billion, compared to the consensus revenue estimate of $14.54 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 Vanguard Group Inc. (8.74%), Price T Rowe Associates Inc. MD (5.87%), State Street Corp (4.03%), Edgewood Management LLC (1.49%), Nicholas Hoffman & Company LLC. (1.26%) and Brown Advisory Inc. (1.25%). Insiders that own company stock include Brad D Smith, Dennis D Powell, Gregory N Johnson, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, Laura A Fennell, Lauren D Hotz, Mark J Flournoy, Mark J Flournoy, Michelle M Clatterbuck, Raul Vazquez, Sasan K Goodarzi, Scott D Cook and Varun Krishna.
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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 $388.65.

Intuit (NASDAQ:INTU) has a market capitalization of $109.18 billion and generates $12.73 billion in revenue each year. The software maker earns $2.07 billion in net income (profit) each year or $6.57 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.