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NASDAQ:INTU

Intuit - INTU Stock Forecast, Price & News

$488.51
+1.85 (+0.38%)
(As of 08/15/2022 11:46 AM ET)
Add
Compare
Today's Range
$483.64
$490.00
50-Day Range
$359.63
$486.66
52-Week Range
$339.36
$716.86
Volume
14,086 shs
Average Volume
1.87 million shs
Market Capitalization
$137.80 billion
P/E Ratio
55.39
Dividend Yield
0.56%
Price Target
$561.17

Intuit MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.3% Upside
$561.17 Price Target
Short Interest
Healthy
0.91% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.57mentions of Intuit in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5 M Sold Last Quarter
Proj. Earnings Growth
16.06%
From $8.22 to $9.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.22 out of 5 stars

Computer And Technology Sector

12th out of 668 stocks

Prepackaged Software Industry

3rd out of 230 stocks

INTU stock logo

About Intuit (NASDAQ:INTU) Stock

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.

Intuit Price Performance

NASDAQ:INTU traded down $1.70 during trading on Monday, hitting $484.96. 1,736 shares of the company's stock were exchanged, compared to its average volume of 1,867,953. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.40. The company has a market cap of $136.80 billion, a PE ratio of 55.18, a P/E/G ratio of 3.27 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 stock's 50 day moving average price is $412.88 and its two-hundred day moving average price is $442.62.

Intuit (NASDAQ:INTU - Get Rating) last issued its earnings results on Tuesday, May 24th. The software maker reported $6.70 EPS for the quarter, hitting the consensus estimate of $6.70. The firm 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 quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.45 earnings per share. Research analysts expect that Intuit will post 8.22 EPS for the current year.

Intuit Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTU shares. Barclays dropped their target price on shares of Intuit from $585.00 to $480.00 and set an "overweight" rating for the company in a report on Friday, May 20th. Bank of America cut their target price on shares of Intuit from $650.00 to $530.00 and set a "buy" rating on the stock in a research note on Wednesday, May 25th. KeyCorp lifted their price target on shares of Intuit from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, July 25th. Oppenheimer decreased their price target on shares of Intuit to $476.00 in a report on Wednesday, May 25th. Finally, Morgan Stanley reduced their target price on shares of Intuit from $720.00 to $550.00 and set an "overweight" rating for the company in a research note on Friday, May 20th. One equities research analyst has rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $561.17.

Insider Transactions at Intuit

In other news, EVP James Alexander Chriss sold 984 shares of the company's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $386.29, for a total transaction of $380,109.36. Following the transaction, the executive vice president now directly owns 343 shares of the company's stock, valued at $132,497.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the executive vice president now owns 28,717 shares in the company, valued at approximately $11,268,263.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Alexander Chriss sold 984 shares of the firm's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $386.29, for a total value of $380,109.36. Following the completion of the transaction, 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 have sold 12,774 shares of company stock valued at $5,002,772 over the last ninety days. 3.27% of the stock is owned by company insiders.

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INTU Stock News Headlines

Expanded IRS free-file system one step closer in Dems' bill
The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system
See More Headlines
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INTU Company Calendar

Last Earnings
5/24/2022
Ex-Dividend for 7/18 Dividend
7/08/2022
Dividend Payable
7/18/2022
Today
8/15/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
7/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:INTU
CUSIP
46120210
Employees
13,500
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$561.17
High Stock Price Forecast
$700.00
Low Stock Price Forecast
$465.00
Forecasted Upside/Downside
+14.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
21 Analysts

Profitability

Net Income
$2.06 billion
Pretax Margin
23.65%

Debt

Sales & Book Value

Annual Sales
$9.63 billion
Cash Flow
$8.91 per share
Book Value
$36.12 per share

Miscellaneous

Free Float
272,853,000
Market Cap
$137.80 billion
Optionable
Optionable
Beta
1.18

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INTU Stock - Frequently Asked Questions

Should I buy or sell Intuit stock right now?

21 Wall Street equities 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 equities research analysts is that investors should "buy" INTU shares.
View INTU analyst ratings
or view top-rated stocks.

What is Intuit's stock price forecast for 2022?

21 equities research analysts have issued 12-month price objectives for Intuit's shares. Their INTU share price forecasts range from $465.00 to $700.00. On average, they predict the company's share price to reach $561.17 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
View analysts price targets for INTU
or view top-rated stocks among Wall Street analysts.

How have INTU shares performed in 2022?

Intuit's stock was trading at $643.22 on January 1st, 2022. Since then, INTU shares have decreased by 24.3% and is now trading at $486.66.
View the best growth stocks for 2022 here
.

When is Intuit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our INTU earnings forecast
.

How can I listen to Intuit's earnings call?

Intuit will be holding an earnings conference call on Tuesday, August 23rd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2570.

How were Intuit's earnings last quarter?

Intuit Inc. (NASDAQ:INTU) issued its quarterly earnings results on Tuesday, May, 24th. The software maker reported $6.70 earnings per share for the quarter, meeting analysts' consensus estimates of $6.70. The software maker earned $5.63 billion during the quarter, compared to the consensus estimate of $5.51 billion. Intuit had a trailing twelve-month return on equity of 20.77% and a net margin of 19.44%. The company's revenue was up 35.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.45 EPS.
Read the conference call transcript
.

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

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 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, July 8th.
Read our dividend analysis for INTU
.

Is Intuit a good dividend stock?

Intuit (NASDAQ:INTU) pays an annual dividend of $2.72 per share and currently has a dividend yield of 0.56%. 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 30.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 28.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

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

Intuit updated its FY 2022 earnings guidance on Tuesday, June, 21st. The company provided EPS guidance of $11.68-$11.74 for the period, compared to the consensus 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.

What is Sasan Goodarzi's approval rating as Intuit's CEO?

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.

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), Adobe (ADBE), PayPal (PYPL), Salesforce (CRM), Alibaba Group (BABA), Walt Disney (DIS), Mastercard (MA), Visa (V) and Tesla (TSLA).

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 FMR LLC (2.75%), Bishop Rock Capital L.P. (1.62%), Brown Advisory Inc. (1.32%), Nicholas Hoffman & Company LLC. (1.31%), Massachusetts Financial Services Co. MA (1.10%) and Northern Trust Corp (1.10%). Insiders that own company 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
.

How do I buy shares of Intuit?

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.
Compare Top Brokerages Here.

What is Intuit's stock price today?

One share of INTU stock can currently be purchased for approximately $486.66.

How much money does Intuit make?

Intuit (NASDAQ:INTU) has a market capitalization of $137.28 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.

How many employees does Intuit have?

The company employs 13,500 workers across the globe.

Does Intuit have any subsidiaries?

The following companies are subsidiares of Intuit: Acrede HR & Payroll Solutions, AisleBuyer, Applatix, Applatix Inc., Blue Ocean Software, BooRah, CBS Employer Services Inc., Chrono LLC, ChronoBooks, Computing Resources Inc., Credit Karma, Dallas Innovative Merchant Solutions LLC, Demandforce, Digital Insight, Docstoc, Elastic Intelligence, Electronic Clearing House LLC., EmployeeMatters Insurance Agency Inc., Exactor, Exactor (Canada) Inc., Exactor Inc., Full Slate, GoodApril, Halo Merger Sub I Inc., Halo Merger Sub II LLC, Homestead Technologies, IFI Borrower SPV I LLC, Intuit (Check) Software Ltd., Intuit Australia Pty Limited, Intuit Brasil Servicos de Informatica Ltda., Intuit Canada Tax ULC, Intuit Canada ULC, Intuit Consumer Group LLC., Intuit Distribution Inc., Intuit Do-It-Yourself Payroll, Intuit Financing Inc., Intuit France SAS, Intuit Holding Ltd, Intuit India Product Development Centre Private Ltd., Intuit India Software Solutions Private Limited, Intuit India Technology and Services LLP, Intuit Insurance Services Inc., Intuit Limited, Intuit Mint Bills Inc., Intuit Mint Bills Payments Inc., Intuit Mortgage Inc., Intuit Payment Solutions LLC, Intuit Payments Inc., Intuit Payroll Holding LLC, Intuit Payroll Services LLC, Intuit Quickbooks Mexico Sociedad de Responsabilidad Limitada de Capital Variable, Intuit Sales Tax LLC, Intuit Singapore Pte. Limited, Intuit TT Offerings Inc., Lacerte Software Corporation, Lettuce, Level Up Analytics, Level Up Analytics GmbH, Lion’s Partners LLC, MINT, MTS Global (Europe) Limited, MedFusion, Mint Bills, Mint Software Inc., MyCorporation, Origami Logic, Origami Logic (Thailand) Co. Ltd, Origami Logic Inc., Origami Logic Ltd., PayCycle, PayCycle Inc., PaySuite, Payroll Solution Inc., Payvment, Playbook HR, Porticor Cloud Security, Quincy Data Center LLC, Squire Inc., StepUp, T-Jar Inc., TSheets Holdco Inc., TSheets.com LLC, Tradegecko, Tsheets, Zeropaper, and itDuzzit.
Read More

When was Intuit founded?

Intuit was founded in 1983.

How can I contact Intuit?

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.

This page (NASDAQ:INTU) was last updated on 8/15/2022 by MarketBeat.com Staff

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