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 Stock Performance
NASDAQ:INTU traded up $1.95 on Monday, hitting $470.94. The stock had a trading volume of 14,415 shares, compared to its average volume of 1,876,879. The company's 50-day moving average is $407.06 and its two-hundred day moving average is $444.25. Intuit has a one year low of $339.36 and a one year high of $716.86. The stock has a market cap of $132.84 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 3.15 and a beta of 1.18. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.40.
Intuit (NASDAQ:INTU - Get Rating) last posted its earnings results on Tuesday, May 24th. The software maker reported $6.70 EPS for the quarter, meeting the consensus estimate of $6.70. Intuit had a return on equity of 20.77% and a net margin of 19.44%. The firm had revenue of $5.63 billion for the quarter, compared to analysts' expectations of $5.51 billion. During the same period last year, the firm earned $5.45 EPS. The firm's revenue was up 35.0% compared to the same quarter last year. On average, analysts expect that Intuit will post 8.22 earnings per share for the current year.
Intuit Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 11th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, July 8th. This represents a $2.72 annualized dividend and a yield of 0.58%. Intuit's payout ratio is 30.84%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Credit Suisse Group decreased their target price on Intuit from $600.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, May 25th. William Blair reissued an "outperform" rating on shares of Intuit in a research report on Wednesday, May 25th. BMO Capital Markets dropped their price target on shares of Intuit from $550.00 to $475.00 in a research note on Wednesday, May 25th. Barclays decreased their price objective on shares of Intuit from $585.00 to $480.00 and set an "overweight" rating for the company in a research report on Friday, May 20th. Finally, KeyCorp boosted their price target on Intuit from $450.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, July 25th. One research analyst has rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, Intuit presently has an average rating of "Moderate Buy" and an average target price of $561.17.
Insider Transactions at Intuit
In related news, EVP James Alexander Chriss sold 984 shares of the firm's stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $386.29, for a total transaction of $380,109.36. Following the transaction, the executive vice president now owns 343 shares in the company, valued at $132,497.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP James Alexander Chriss sold 984 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 343 shares in the company, valued at $132,497.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Laura A. Fennell sold 10,000 shares of Intuit stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $392.39, for a total value of $3,923,900.00. Following the transaction, the executive vice president now directly owns 28,717 shares in the company, valued at $11,268,263.63. The disclosure for this sale can be found here. In the last three months, insiders sold 12,774 shares of company stock valued at $5,002,772. Company insiders own 3.27% of the company's stock.
