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NASDAQ:INTU

Intuit (INTU) Stock Price, News & Analysis

$633.07
-11.75 (-1.82%)
(As of 09/18/2024 ET)

About Intuit Stock (NASDAQ:INTU)

Key Stats

Today's Range
$632.10
$646.13
50-Day Range
$602.97
$670.49
52-Week Range
$473.56
$676.62
Volume
999,809 shs
Average Volume
1.32 million shs
Market Capitalization
$176.97 billion
P/E Ratio
58.40
Dividend Yield
0.66%
Price Target
$720.37
Consensus Rating
Moderate Buy

Company Overview

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.

Intuit Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 100th Percentile

Intuit scored higher than 100% of companies evaluated by MarketBeat, and ranked 6th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Intuit has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 15 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Intuit has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Intuit's stock forecast and price target.
  • Earnings Growth

    Earnings for Intuit are expected to grow by 14.22% in the coming year, from $14.06 to $16.06 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Intuit is 58.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.53.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Intuit is 58.40, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 275.14.

  • Price to Earnings Growth Ratio

    Intuit has a PEG Ratio of 3.14. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Intuit has a P/B Ratio of 9.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Intuit's valuation and earnings.
  • Percentage of Shares Shorted

    1.16% of the float of Intuit has been sold short.
  • Short Interest Ratio / Days to Cover

    Intuit has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Intuit has recently decreased by 8.41%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Intuit has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Intuit has been increasing its dividend for 12 years.

  • Dividend Coverage

    The dividend payout ratio of Intuit is 38.38%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Intuit will have a dividend payout ratio of 25.90% next year. This indicates that Intuit will be able to sustain or increase its dividend.

  • Read more about Intuit's dividend.
  • Percentage of Shares Shorted

    1.16% of the float of Intuit has been sold short.
  • Short Interest Ratio / Days to Cover

    Intuit has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Intuit has recently decreased by 8.41%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Intuit has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 36 news articles for Intuit this week, compared to 22 articles on an average week.
  • Search Interest

    51 people have searched for INTU on MarketBeat in the last 30 days. This is an increase of 59% compared to the previous 30 days.
  • MarketBeat Follows

    30 people have added Intuit to their MarketBeat watchlist in the last 30 days. This is an increase of 30% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Intuit insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,721,252.00 in company stock.

  • Percentage Held by Insiders

    Only 2.90% of the stock of Intuit is held by insiders.

  • Percentage Held by Institutions

    83.66% of the stock of Intuit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Intuit's insider trading history.

INTU Stock News Headlines

Photo: Mobile wallet vector illustration. Flat tiny persons concept with money transfer from cash to smartphone application. Pay using wireless technology transaction. Modern customer finance deposit account
Why Block's Key Components Make It a Solid Investment Choice (INTU)
Block Inc. (NYSE: SQ) is a financial technology (fintech) provider in the computer and technology sector that is comprised of several ecosystems focused on
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Intuit Inc. (NASDAQ:INTU) CFO Sells $535,327.86 in Stock
Short Interest in Intuit Inc. (NASDAQ:INTU) Drops By 8.4%
Intuit (NASDAQ:INTU) Shares Down 0.9%
See More Headlines

INTU Stock Analysis - Frequently Asked Questions

Intuit's stock was trading at $625.03 at the start of the year. Since then, INTU shares have increased by 1.3% and is now trading at $633.07.
View the best growth stocks for 2024 here
.

Intuit Inc. (NASDAQ:INTU) announced its quarterly earnings results on Thursday, August, 22nd. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.14. The company's quarterly revenue was up 17.4% on a year-over-year basis.
Read the conference call transcript
.

Intuit subsidiaries include Tradegecko, Credit Karma, ChronoBooks, Origami Logic, Applatix, Tsheets, Exactor, and more.

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, Michelle M Clatterbuck, Mark P Notarainni, James Alexander Chriss, Alex G Balazs, Mark J Flournoy, Varun Krishna, Eve B Burton and Raul Vazquez.
View institutional ownership trends
.

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.

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).

Company Calendar

Ex-Dividend for 7/18 Dividend
7/10/2024
Dividend Payable
7/18/2024
Last Earnings
8/22/2024
Today
9/18/2024
Ex-Dividend for 10/18 Dividend
10/10/2024
Dividend Payable
10/18/2024
Next Earnings (Estimated)
11/26/2024
Fiscal Year End
7/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Application Software
Current Symbol
NASDAQ:INTU
CUSIP
46120210
Employees
18,800
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$720.37
High Stock Price Target
$795.00
Low Stock Price Target
$520.00
Potential Upside/Downside
+13.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
20 Analysts

Profitability

Net Income
$2.96 billion
Pretax Margin
21.80%

Debt

Sales & Book Value

Annual Sales
$16.29 billion
Cash Flow
$14.34 per share
Book Value
$65.77 per share

Miscellaneous

Free Float
271,440,000
Market Cap
$176.97 billion
Optionable
Optionable
Beta
1.24

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Should I Buy Intuit Stock? INTU Pros and Cons Explained

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 Wednesday, September 11, 2024. Please send any questions or comments about these Intuit pros and cons to contact@marketbeat.com.

Intuit
Bull Case

green Wall Street bull icon

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

  • Intuit Inc. reported strong quarterly earnings, beating analysts' estimates by $0.14 per share, indicating a healthy financial performance.
  • Intuit Inc. has consistently increased its dividend payout, with the latest quarterly dividend being $1.04 per share, showing commitment to rewarding shareholders.
  • Recent hedge fund activity has shown increased interest in Intuit Inc., with notable acquisitions and stake increases, reflecting confidence in the company's future growth potential.
  • Analysts have set high price targets for Intuit Inc., with several firms giving the stock a "buy" rating, suggesting positive sentiment and potential for stock price appreciation.
  • Intuit Inc. has a strong revenue growth rate of 17.4% year-over-year, indicating a healthy and expanding business.

Intuit
Bear Case

red Wall Street bear icon

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

  • The current stock price of Intuit Inc. is $622.80, which may be considered high by some investors, potentially limiting short-term upside.

This page (NASDAQ:INTU) was last updated on 9/19/2024 by MarketBeat.com Staff
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