Intuit - INTU Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 3 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INTU shares.
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20 brokerages have issued 1-year price targets for Intuit's shares. Their INTU share price forecasts range from $360.00 to $615.00. On average, they predict the company's share price to reach $483.53 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
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Intuit's stock was trading at $389.22 on January 1st, 2023. Since then, INTU stock has increased by 11.1% and is now trading at $432.49.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
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Intuit Inc. (NASDAQ:INTU) issued its quarterly earnings data on Thursday, February, 23rd. The software maker reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.76. The software maker earned $3.04 billion during the quarter, compared to analyst estimates of $2.91 billion. Intuit had a net margin of 14.22% and a trailing twelve-month return on equity of 14.89%. The firm's revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS.
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Intuit announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Monday, April 10th will be given a dividend of $0.78 per share on Tuesday, April 18th. This represents a $3.12 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, April 6th.
Read our dividend analysis for INTU.

ETFs with the largest weight of Intuit (NASDAQ:INTU) stock in their portfolio include Global X FinTech ETF (FINX), iShares Expanded Tech-Software Sector ETF (IGV), Invesco DWA Technology Momentum ETF (PTF), Direxion Daily Software Bull 2X Shares (SWAR), Neuberger Berman Disrupters ETF (NBDS), AdvisorShares Focused Equity ETF (CWS), Nuveen Winslow Large-Cap Growth ESG ETF (NWLG) and Global X Millennials Consumer ETF (MILN).

Intuit (NASDAQ:INTU) pays an annual dividend of $3.12 per share and currently has a dividend yield of 0.76%. 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 45.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 30.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

Intuit issued an update on its third quarter 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of $8.42-$8.49 for the period, compared to the consensus EPS estimate of $8.92. The company issued revenue guidance of $6.08 billion-$6.14 billion, compared to the consensus revenue estimate of $6.08 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 many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.93%), Geode Capital Management LLC (1.82%), Edgewood Management LLC (1.36%), Morgan Stanley (1.23%), Brown Advisory Inc. (1.17%) and Norges Bank (1.07%). Insiders that own company stock include Brad D Smith, Dennis D Powell, Eve B Burton, Gregory N Johnson, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, Laura A Fennell, Lauren D Hotz, Marianna Tessel, Mark J Flournoy, Mark J Flournoy, Michelle M Clatterbuck, Raul Vazquez, Sasan K Goodarzi 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 $432.49.

Intuit (NASDAQ:INTU) has a market capitalization of $121.34 billion and generates $12.73 billion in revenue each year. The software maker earns $2.07 billion in net income (profit) each year or $6.82 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.