Intuit (INTU) Stock Price, News & Analysis

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 4 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" INTU shares.
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24 brokerages have issued 12 month price targets for Intuit's shares. Their INTU share price targets range from $444.00 to $700.00. On average, they predict the company's stock price to reach $594.67 in the next twelve months. This suggests that the stock has a possible downside of 8.9%.
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Intuit's stock was trading at $625.03 at the beginning of the year. Since then, INTU stock has increased by 4.5% and is now trading at $653.07.
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Intuit saw a decline in short interest in January. As of January 15th, there was short interest totaling 3,770,000 shares, a decline of 11.1% from the December 31st total of 4,240,000 shares. Based on an average trading volume of 1,380,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.4% of the shares of the stock are sold short.
View Intuit's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our INTU earnings forecast.

Intuit will be holding an earnings conference call on Thursday, February 22nd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0681.

Intuit Inc. (NASDAQ:INTU) released its quarterly earnings results on Tuesday, November, 28th. The software maker reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.49. The software maker earned $2.98 billion during the quarter, compared to the consensus estimate of $2.88 billion. Intuit had a net margin of 17.53% and a trailing twelve-month return on equity of 17.34%. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share.
Read the conference call transcript.

Intuit declared a quarterly dividend on Thursday, November 16th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.90 per share on Thursday, January 18th. This represents a $3.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Tuesday, January 9th.
Read our dividend analysis for INTU.

Intuit (NASDAQ:INTU) pays an annual dividend of $3.60 per share and currently has a dividend yield of 0.57%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 27.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

ETFs with the largest weight of Intuit (NASDAQ:INTU) stock in their portfolio include Global X FinTech Thematic ETF (FINX), iShares Expanded Tech-Software Sector ETF (IGV), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), AdvisorShares Focused Equity ETF (CWS), Neuberger Berman Disrupters ETF (NBDS), First Trust Expanded Technology ETF (XPND), WBI BullBear Quality 3000 ETF (WBIL) and ARK Fintech Innovation ETF (ARKF).

Intuit updated its FY 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of 16.170-16.470 for the period, compared to the consensus estimate of 16.360. The company issued revenue guidance of $15.9 billion-$16.1 billion, compared to the consensus revenue estimate of $16.0 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.11%), Charles Schwab Investment Management Inc. (0.56%), Ninety One UK Ltd (0.52%), Principal Financial Group Inc. (0.49%), Massachusetts Financial Services Co. MA (0.46%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.35%). Insiders that own company stock include Alex G Balazs, Brad D Smith, Dennis D Powell, Eve B Burton, Gregory N Johnson, James Alexander Chriss, Laura A Fennell, Lauren D Hotz, Marianna Tessel, Mark J Flournoy, Mark J Flournoy, Mark P Notarainni, Michelle M Clatterbuck, Raul Vazquez, Sandeep Aujla, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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