Intuit - INTU Stock Forecast, Price & News

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 Upgrades and Downgrades

INTU has been the subject of several research reports. Bank of America dropped their price target on Intuit from $650.00 to $530.00 and set a "buy" rating for the company in a research report on Wednesday, May 25th. Stifel Nicolaus decreased their price target on Intuit from $580.00 to $465.00 in a research note on Wednesday, May 25th. Oppenheimer decreased their target price on Intuit to $476.00 in a research note on Wednesday, May 25th. KeyCorp increased their target price on Intuit from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, July 25th. Finally, Piper Sandler decreased their target price on Intuit from $674.00 to $500.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 25th. One equities research analyst has rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $566.72.

Intuit Stock Down 0.2 %

Shares of Intuit stock opened at $488.18 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.40. The firm has a market cap of $137.71 billion, a P/E ratio of 55.35, a P/E/G ratio of 3.29 and a beta of 1.18. Intuit has a fifty-two week low of $339.36 and a fifty-two week high of $716.86. The business has a 50-day moving average price of $415.92 and a 200 day moving average price of $442.62.

Intuit (NASDAQ:INTU - Get Rating) last issued its quarterly earnings data on Tuesday, May 24th. The software maker reported $6.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $6.70. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.51 billion. Intuit had a return on equity of 20.77% and a net margin of 19.44%. The business's revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.45 earnings per share. On average, sell-side analysts forecast that Intuit will post 8.22 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 11th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, July 8th. This represents a $2.72 dividend on an annualized basis and a yield of 0.56%. Intuit's dividend payout ratio (DPR) is 30.84%.

Insiders Place Their Bets

In other news, EVP Laura A. Fennell sold 10,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $392.39, for a total transaction of $3,923,900.00. Following the completion of the sale, the executive vice president now owns 28,717 shares in the company, valued at approximately $11,268,263.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Laura A. Fennell sold 10,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $392.39, for a total transaction of $3,923,900.00. Following the completion of the sale, the executive vice president now owns 28,717 shares in the company, valued at approximately $11,268,263.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Alexander Chriss sold 984 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $386.29, for a total value of $380,109.36. Following the sale, the executive vice president now owns 343 shares of the company's stock, valued at approximately $132,497.47. The disclosure for this sale can be found here. Insiders sold 12,774 shares of company stock worth $5,002,772 over the last ninety days. Company insiders own 3.27% of the company's stock.