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NASDAQ:INTU

Intuit (INTU) Stock Price, News & Analysis

$670.49
+3.21 (+0.48%)
(As of 08/21/2024 ET)
Today's Range
$664.97
$672.54
50-Day Range
$594.62
$670.49
52-Week Range
$473.56
$676.62
Volume
1.26 million shs
Average Volume
1.32 million shs
Market Capitalization
$187.43 billion
P/E Ratio
61.85
Dividend Yield
0.54%
Price Target
$691.77

Intuit MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
3.2% Upside
$691.77 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.21
Upright™ Environmental Score
News Sentiment
0.53mentions of Intuit in the last 14 days
Based on 45 Articles This Week
Insider Trading
Selling Shares
$114.44 M Sold Last Quarter
Proj. Earnings Growth
16.04%
From $11.72 to $13.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.89 out of 5 stars

Computer And Technology Sector

22nd out of 594 stocks

Prepackaged Software Industry

5th out of 197 stocks

INTU stock logo

About Intuit Stock (NASDAQ:INTU)

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 ProTax. The Small Business & Self-Employed segment provides QuickBooks services, that includes financial and business management online services and desktop software, payroll solutions, time tracking, merchant payment processing solutions, and financing for small businesses; and Mailchimp services, such as e-commerce, marketing automation, and customer relationship management. This segment also offers QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; and QuickBooks Self-Employed solution; payment-processing solutions, including credit and debit cards, Apple Pay, and ACH payment services; and financial supplies and financing for small businesses, as well as electronic filing of federal and state income tax returns. The Consumer segment provides TurboTax income tax preparation products and services. 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 ProTax 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.

INTU Stock Price History

INTU Stock News Headlines

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Here's what Wall Street expects from Intuit's earnings report
Intuit Q4 Pre-Earnings: Here’s What to Expect
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Is there a HUGE hidden income opportunity within Apple stock? Well, a brand new report suggests that is the case. And it’s all based on a “twist” on income trading hidden right inside one of the top stocks ever.
Intuit Inc. (NASDAQ:INTU) Short Interest Down 9.1% in July
Intuit Inc. (NASDAQ:INTU) Receives $691.77 Average PT from Analysts
Intuit (INTU) to Release Quarterly Earnings on Thursday
Susquehanna Reaffirms "Positive" Rating for Intuit (NASDAQ:INTU)
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 7/18 Dividend
7/10/2024
Dividend Payable
7/18/2024
Today
8/22/2024
Next Earnings (Confirmed)
8/22/2024
Fiscal Year End
7/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:INTU
CUSIP
46120210
Employees
18,200
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$691.77
High Stock Price Target
$770.00
Low Stock Price Target
$520.00
Potential Upside/Downside
+3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
23 Analysts

Profitability

Net Income
$2.38 billion
Pretax Margin
23.30%

Debt

Sales & Book Value

Annual Sales
$15.81 billion
Cash Flow
$13.25 per share
Book Value
$61.62 per share

Miscellaneous

Free Float
271,440,000
Market Cap
$187.43 billion
Optionable
Optionable
Beta
1.23

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Should I Buy Intuit Stock? INTU Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Intuit Inc.:

  • Intuit has a consensus rating of "Moderate Buy" with a consensus target price of $694.27, indicating positive sentiment from analysts and potential for stock price appreciation.
  • Insiders have been actively selling shares, which could be interpreted as profit-taking due to positive stock performance or as a sign of confidence in the company's future growth prospects.
  • Recent analyst ratings have been mostly positive, with several analysts upgrading their outlook on Intuit to "buy" or "outperform," suggesting strong confidence in the company's performance.
  • Intuit's stock price has shown resilience, trading at $623.92 on the date, with a 50-day moving average of $622.03 and a two-hundred day moving average of $633.85, indicating stability and potential for growth.
  • Intuit provides financial management and compliance products and services for various customer segments, offering diversified revenue streams and potential for long-term growth in the financial technology sector.

Cons

Investors should be bearish about investing in Intuit Inc. for these reasons:

  • Company insiders have sold a significant number of shares over the last quarter, totaling 195,963 shares valued at $114,442,445, which could raise concerns about insider sentiment or future company performance.
  • While the majority of analyst ratings are positive, there have been a few downgrades or price target cuts, indicating some uncertainty or potential risks associated with Intuit's business operations or market conditions.
  • Intuit's P/E ratio of 57.56 and P/E/G ratio of 3.14 may suggest that the stock is currently trading at a premium compared to its earnings growth potential, potentially limiting short-term upside for investors.
  • The company's 1-year high of $676.62 and 1-year low of $473.56 indicate price volatility, which could pose risks for investors seeking stable returns or downside protection.
  • Intuit's debt-to-equity ratio of 0.32 may raise concerns about the company's leverage and financial stability, especially in uncertain economic environments or during periods of rising interest rates.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these Intuit pros and cons to contact@marketbeat.com.

INTU Stock Analysis - Frequently Asked Questions

How have INTU shares performed this year?

Intuit's stock was trading at $625.03 at the start of the year. Since then, INTU shares have increased by 7.3% and is now trading at $670.49.
View the best growth stocks for 2024 here
.

How were Intuit's earnings last quarter?

Intuit Inc. (NASDAQ:INTU) issued its quarterly earnings data on Thursday, February, 22nd. The software maker reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.33. The company's quarterly revenue was up 11.3% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does Intuit have any subsidiaries?

The following companies are subsidiaries of Intuit: Tradegecko, Credit Karma, ChronoBooks, Origami Logic, Applatix, Tsheets, Exactor, and others.

Who are Intuit's major shareholders?

Intuit's top institutional investors include Bank of New York Mellon Corp (0.84%), Legal & General Group Plc (0.84%), Primecap Management Co. CA (0.60%) and Ameriprise Financial Inc. (0.58%). Insiders that own company stock include Scott D Cook, Sasan K Goodarzi, Laura A Fennell, Marianna Tessel, Kerry J Mclean, Sandeep Aujla, Lauren D Hotz, Gregory N Johnson, Michelle M Clatterbuck, Mark P Notarainni, James Alexander Chriss, Mark J Flournoy, Alex G Balazs, Varun Krishna, Eve B Burton and Raul Vazquez.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Intuit own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Intuit investors own include NVIDIA (NVDA), Netflix (NFLX), Adobe (ADBE), PayPal (PYPL), Salesforce (CRM), Alibaba Group (BABA) and Walt Disney (DIS).

This page (NASDAQ:INTU) was last updated on 8/22/2024 by MarketBeat.com Staff

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