NASDAQ:INTUIntuit Stock Price, Forecast & News

$282.92

-7.18 (-2.48 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

$280.96

Now: $282.92▼

$288.46

50-Day Range

$249.15

MA: $276.10▼

$290.49

52-Week Range

$187.68

Now: $282.92▼

$306.89

Volume1.32 million shs

Average Volume1.55 million shs

Market Capitalization$73.78 billion

P/E Ratio55.80

Dividend Yield0.73%

Beta1.05

Intuit Inc. provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; 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 card, debit card, electronic benefits, and gift card processing services; check verification, check guarantee, and electronic check conversion services; e-invoicing services; and Web-based transaction processing services for online merchants, as well as provides financial supplies and financing for small businesses. Its Consumer segment provides TurboTax Online tax return preparation services and electronic tax filing services. The company's Strategic Partner segment offers Lacerte, ProSeries, and ProFile desktop tax preparation software products; and ProConnect Tax Online tax return preparation services, bank products, and related services. It sells products and services through various sales and distribution channels, including Websites, promotions, call centers, retail display, and online and mobile application stores, as well as through selected alliance partners and accountants. Intuit Inc. was founded in 1983 and is headquartered in Mountain View, California.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Intuit has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 12 buy ratings, 4 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $308.41, Intuit has a potential upside of 9.0% from its current price of $282.92.
Amount of Analyst Coverage
Intuit has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Intuit has received 896 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Intuit has received 775 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Intuit has received 53.62% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Intuit and other stocks. Vote “Outperform” if you believe INTU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INTU will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Intuit is a leading dividend payer. It pays a dividend yield of 0.73%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Intuit has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of Intuit is 37.99 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Intuit will have a dividend payout ratio of 31.88 % next year. This indicates that Intuit will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Intuit insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,265,721.00 in company stock.
Percentage Held by Insiders
Only 4.09% of the stock of Intuit is held by insiders.
Percentage Held by Institutions
86.17% of the stock of Intuit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Intuit are expected to grow by 11.20% in the coming year, from $5.98 to $6.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Intuit is 55.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of Intuit is 55.80, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.64.
Price to Earnings Growth Ratio
Intuit has a PEG Ratio of 3.63. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Intuit has a P/B Ratio of 15.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.15 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryApplication Software

SectorComputer and Technology

Current SymbolNASDAQ:INTU

Previous Symbol

CUSIP46120210

CIK896878

Webwww.intuit.com

Phone650-944-6000

Debt

Debt-to-Equity Ratio0.01

Current Ratio1.79

Quick Ratio1.79

Price-To-Earnings

Trailing P/E Ratio55.80

Forward P/E Ratio47.31

P/E Growth3.63

Sales & Book Value

Annual Sales$6.78 billion

Price / Sales10.88

Cash Flow$6.43 per share

Price / Cash Flow43.98

Book Value$18.18 per share

Price / Book15.56

Profitability

EPS (Most Recent Fiscal Year)$5.58

Net Income$1.56 billion

Net Margins19.50%

Return on Equity32.03%

Return on Assets18.85%

Miscellaneous

Employees9,400

Outstanding Shares260,771,000

Market Cap$73.78 billion

Next Earnings Date8/27/2020 (Estimated)

OptionableOptionable

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Intuit (NASDAQ:INTU) Frequently Asked Questions

How has Intuit's stock been impacted by COVID-19 (Coronavirus)?

Intuit's stock was trading at $261.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, INTU shares have increased by 8.3% and is now trading at $282.92. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Intuit?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 2 sell ratings, 4 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Intuit.

When is Intuit's next earnings date?

Intuit is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020. View our earnings forecast for Intuit.

How were Intuit's earnings last quarter?

Intuit Inc. (NASDAQ:INTU) posted its earnings results on Thursday, May, 21st. The software maker reported $4.49 earnings per share for the quarter, missing the consensus estimate of $4.60 by $0.11. The software maker had revenue of $3 billion for the quarter, compared to analysts' expectations of $3 billion. Intuit had a return on equity of 32.03% and a net margin of 19.50%. Intuit's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.55 earnings per share. View Intuit's earnings history.

How often does Intuit pay dividends? What is the dividend yield for Intuit?

Intuit declared a quarterly dividend on Thursday, May 21st. Investors of record on Friday, July 10th will be given a dividend of $0.53 per share on Monday, July 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, July 9th. View Intuit's dividend history.

What guidance has Intuit issued on next quarter's earnings?

Intuit issued an update on its third quarter earnings guidance on Thursday, May, 7th. The company provided EPS guidance of $4.46-4.49 for the period, compared to the Thomson Reuters consensus estimate of $5.42. The company issued revenue guidance of $2.99-3.00 billion, compared to the consensus revenue estimate of $3.33 billion.

What price target have analysts set for INTU?

18 brokerages have issued 1-year price objectives for Intuit's stock. Their forecasts range from $249.00 to $340.00. On average, they expect Intuit's share price to reach $308.41 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View analysts' price targets for Intuit.

Has Intuit been receiving favorable news coverage?

Media stories about INTU stock have trended negative on Thursday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Intuit earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutIntuit.

Are investors shorting Intuit?

Intuit saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,510,000 shares, a decrease of 7.7% from the April 30th total of 2,720,000 shares. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.0% of the company's stock are short sold. View Intuit's Current Options Chain.

Who are some of Intuit's key competitors?

Some companies that are related to Intuit include Adobe (ADBE), salesforce.com (CRM), Autodesk (ADSK), Workday (WDAY), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), ANSYS (ANSS), Citrix Systems (CTXS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Fair Isaac (FICO), FactSet Research Systems (FDS), Guidewire Software (GWRE) and Pegasystems (PEGA). View all competitors.

What other stocks do shareholders of Intuit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Intuit investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Adobe (ADBE), salesforce.com (CRM), Paypal (PYPL), Walt Disney (DIS), Visa (V), Micron Technology (MU) and Mastercard (MA).

Who are Intuit's key executives?

Intuit's management team includes the following people:

Mr. Brad D. Smith, Exec. Chairman (Age 55)
Mr. Sasan K. Goodarzi, CEO, Pres & Director (Age 51)
Mr. Scott D. Cook, Founder, Chairman of the Exec. Committee & Director (Age 67)
Ms. Michelle M. Clatterbuck, Exec. VP & CFO (Age 51)
Ms. Laura A. Fennell, Exec. VP and Chief People & Places Officer (Age 58)

What is Intuit's stock symbol?

Intuit trades on the NASDAQ under the ticker symbol "INTU."

Who are Intuit's major shareholders?

Intuit's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.51%), State Street Corp (4.30%), Edgewood Management LLC (2.29%), Geode Capital Management LLC (1.72%), Fundsmith LLP (1.71%) and Nuveen Asset Management LLC (1.37%). Company insiders that own Intuit stock include Brad D Smith, Dennis D Powell, Gregory N Johnson, Henry Tayloe Stansbury, James Alexander Chriss, Jeffrey David Ayers, Kerry J Mclean, Laura A Fennell, Mark J Flournoy, Michelle M Clatterbuck, Sasan K Goodarzi and Scott D Cook. View institutional ownership trends for Intuit.

Which institutional investors are selling Intuit stock?

INTU stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Capital International Investors, Nuveen Asset Management LLC, Morgan Stanley, Morgan Stanley, Lindsell Train Ltd, Swedbank, and First Trust Advisors LP. Company insiders that have sold Intuit company stock in the last year include Brad D Smith, Gregory N Johnson, James Alexander Chriss, Jeffrey David Ayers, Kerry J Mclean, Mark J Flournoy, Michelle M Clatterbuck, Sasan K Goodarzi, and Scott D Cook. View insider buying and selling activity for Intuit.

Which institutional investors are buying Intuit stock?

INTU stock was acquired by a variety of institutional investors in the last quarter, including Edgewood Management LLC, APG Asset Management N.V., Schroder Investment Management Group, The Manufacturers Life Insurance Company , Fred Alger Management LLC, Primecap Management Co. CA, Advisor Group Holdings Inc., and DSM Capital Partners LLC. View insider buying and selling activity for Intuit.

How do I buy shares of Intuit?

Shares of INTU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Intuit's stock price today?

One share of INTU stock can currently be purchased for approximately $282.92.

How big of a company is Intuit?

Intuit has a market capitalization of $73.78 billion and generates $6.78 billion in revenue each year. The software maker earns $1.56 billion in net income (profit) each year or $5.58 on an earnings per share basis. Intuit employs 9,400 workers across the globe.

What is Intuit's official website?

The official website for Intuit is www.intuit.com.

How can I contact Intuit?

Intuit's mailing address is 2700 COAST AVENUE, MOUNTAIN VIEW CA, 94039. The software maker can be reached via phone at 650-944-6000 or via email at [email protected]

This page was last updated on 6/4/2020 by MarketBeat.com Staff