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.
