Should I buy or sell Intuit stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INTU shares. View INTU analyst ratings or view top-rated stocks .

What is Intuit's stock price target for 2024?

23 brokers have issued 1 year target prices for Intuit's stock. Their INTU share price targets range from $520.00 to $775.00. On average, they anticipate the company's share price to reach $645.00 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View analysts price targets for INTU or view top-rated stocks among Wall Street analysts .

How have INTU shares performed in 2024?

Intuit's stock was trading at $625.03 on January 1st, 2024. Since then, INTU shares have decreased by 1.7% and is now trading at $614.55. View the best growth stocks for 2024 here .

Are investors shorting Intuit?

Intuit saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,390,000 shares, a drop of 10.1% from the March 15th total of 3,770,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the company are short sold. View Intuit's Short Interest .

When is Intuit's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024. View our INTU earnings forecast .

How were Intuit's earnings last quarter?

Intuit Inc. (NASDAQ:INTU) released its quarterly earnings data on Thursday, February, 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.33. The software maker earned $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a trailing twelve-month return on equity of 17.51% and a net margin of 18.35%. Intuit's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Read the conference call transcript .

How often does Intuit pay dividends? What is the dividend yield for Intuit?

Intuit declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.90 per share on Thursday, April 18th. This represents a $3.60 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 9th. Read our dividend analysis for INTU .

Is Intuit a good dividend stock?

Intuit (NASDAQ:INTU) pays an annual dividend of $3.60 per share and currently has a dividend yield of 0.58%. 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 36.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 27.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for INTU .

What ETFs hold Intuit's stock?

ETFs with the largest weight of Intuit (NASDAQ:INTU) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV) , Global X FinTech Thematic ETF (FINX) , Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) , AdvisorShares Focused Equity ETF (CWS) , Neuberger Berman Disrupters ETF (NBDS) , ETC 6 Meridian Quality Growth ETF (SXQG) , Global X Millennial Consumer ETF (MILN) and Principal Focused Blue Chip ETF (BCHP) .

What guidance has Intuit issued on next quarter's earnings?

Intuit updated its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $16.17-16.47 for the period, compared to the consensus estimate of $16.40. The company issued revenue guidance of $15.890-16.105 billion, compared to the consensus revenue estimate of $16.05 billion.

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.

What other stocks do shareholders of Intuit own?

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) .

Who are Intuit's major shareholders?

Intuit's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.08%), Perpetual Ltd (0.05%), Los Angeles Capital Management LLC (0.03%), Artemis Investment Management LLP (0.03%), Guinness Asset Management LTD (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Alex G Balazs, Alex G Balazs , Brad D Smith , Dennis D Powell , Eve B Burton , Gregory N Johnson , James Alexander Chriss , Kerry J Mclean , 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 . 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 .

Does Intuit have any subsidiaries?

The following companies are subsidiares of Intuit: Acrede HR & Payroll Solutions, AisleBuyer, Applatix, Applatix Inc., Blue Ocean Software, BooRah, CBS Employer Services Inc., Chrono LLC, ChronoBooks, Computing Resources Inc., Credit Karma, Dallas Innovative Merchant Solutions LLC, Demandforce, Digital Insight, Docstoc, Elastic Intelligence, Electronic Clearing House LLC., EmployeeMatters Insurance Agency Inc., Exactor, Exactor (Canada) Inc., Exactor Inc., Full Slate, GoodApril, Halo Merger Sub I Inc., Halo Merger Sub II LLC, Homestead Technologies, IFI Borrower SPV I LLC, Intuit (Check) Software Ltd., Intuit Australia Pty Limited, Intuit Brasil Servicos de Informatica Ltda., Intuit Canada Tax ULC, Intuit Canada ULC, Intuit Consumer Group LLC., Intuit Distribution Inc., Intuit Do-It-Yourself Payroll, Intuit Financing Inc., Intuit France SAS, Intuit Holding Ltd, Intuit India Product Development Centre Private Ltd., Intuit India Software Solutions Private Limited, Intuit India Technology and Services LLP, Intuit Insurance Services Inc., Intuit Limited, Intuit Mint Bills Inc., Intuit Mint Bills Payments Inc., Intuit Mortgage Inc., Intuit Payment Solutions LLC, Intuit Payments Inc., Intuit Payroll Holding LLC, Intuit Payroll Services LLC, Intuit Quickbooks Mexico Sociedad de Responsabilidad Limitada de Capital Variable, Intuit Sales Tax LLC, Intuit Singapore Pte. Limited, Intuit TT Offerings Inc., Lacerte Software Corporation, Lettuce, Level Up Analytics, Level Up Analytics GmbH, Lion’s Partners LLC, MINT, MTS Global (Europe) Limited, MedFusion, Mint Bills, Mint Software Inc., MyCorporation, Origami Logic, Origami Logic (Thailand) Co. Ltd, Origami Logic Inc., Origami Logic Ltd., PayCycle, PayCycle Inc., PaySuite, Payroll Solution Inc., Payvment, Playbook HR, Porticor Cloud Security, Quincy Data Center LLC, Squire Inc., StepUp, T-Jar Inc., TSheets Holdco Inc., TSheets.com LLC, Tradegecko, Tsheets, Zeropaper, and itDuzzit. Read More

Followed 247 TimesTop Followed

NASDAQ:INTU

Intuit (INTU) Stock Price, News & Analysis

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$614.28

+2.16 (+0.35%)

(As of 03:52 PM ET)

Compare

Today's Range: $610.92
▼
$618.56
50-Day Range: $612.12
▼
$669.36
52-Week Range: $400.22
▼
$671.01

Volume: 686,360 shs
Average Volume: 1.24 million shs
Market Capitalization: $172.00 billion

P/E Ratio: 62.68
Dividend Yield: 0.59%
Price Target: $645.00

Get Intuit alerts:

Intuit MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 5.0% Upside
$645.00 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: 0.85
Based on 34 Articles This Week
Insider Trading: Selling Shares
$3.12 M Sold Last Quarter
Proj. Earnings Growth: 18.01%
From $11.27 to $13.30 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.

4.91 out of 5 stars

Computer And Technology Sector

16th out of 589 stocks

Prepackaged Software Industry

4th out of 200 stocks

2.4

Analyst's Opinion

Consensus Rating
Intuit has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 19 buy ratings, 4 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.

5.0

Short Interest

Percentage of Shares Shorted
1.25% 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 2.7, 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 10.08%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Intuit has a dividend yield of 0.58%, 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 36.73%. 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 27.07% next year. This indicates that Intuit will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Intuit has received a 27.85% net impact score from Upright. Intuit seems to create the most significant positive value in categories "Taxes", "Jobs", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Tax declaration applications", "E-invoicing software", and "Accounting software" products. See details.
Environmental Sustainability
The Environmental Impact score for Intuit is -0.21.

3.2

News and Social Media Coverage

News Sentiment
Intuit has a news sentiment score of 0.85. 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 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 34 news articles for Intuit this week, compared to 20 articles on an average week.
Search Interest
Only 23 people have searched for INTU on MarketBeat in the last 30 days. This is a decrease of -72% compared to the previous 30 days.
MarketBeat Follows
247 people have added Intuit to their MarketBeat watchlist in the last 30 days. This is an increase of 697% compared to the previous 30 days.

2.5

Company Ownership

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 $3,117,156.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Intuit are expected to grow by 18.01% in the coming year, from $11.27 to $13.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Intuit is 62.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Intuit is 62.71, 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 235.36.
Price to Earnings Growth Ratio
Intuit has a PEG Ratio of 3.78. 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 9.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

INTU Stock News Headlines

April 12, 2024 | marketbeat.com

Prosecutors: South Carolina prison supervisor took $219,000 in bribes; got 173 cellphones to inmates

Federal prosecutors say a supervisor who managed security at a South Carolina prison accepted more than $219,000 in bribes over three years and got 173 contraband cellphones for inmates

March 24, 2024 | insidertrades.com

Intuit Inc. (NASDAQ:INTU) EVP Sells $178,186.40 in Stock

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.

March 20, 2024 | marketbeat.com

IRS chief zeroes in on wealthy tax cheats in AP interview

IRS Commissioner Danny Werfel says in a wide-ranging interview with The Associated Press the federal tax collector will expand its pursuit of high-wealth tax dodgers with new initiatives in the coming months

April 16, 2024 | markets.businessinsider.com

Intuit’s Growth in Tax Filing Market Prompts Buy Rating

April 16, 2024 | msn.com

Senator Elizabeth Warren claims TurboTax ‘relentlessly’ upsells customers in letter to FTC

April 16, 2024 | americanbankingnews.com

Short Interest in Intuit Inc. (NASDAQ:INTU) Drops By 10.1%

April 14, 2024 | yahoo.com

Opinion | TurboTax maker puts a pink spin on exploitative financial products

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

April 14, 2024 | msn.com

The Dark Sides Of TurboTax You'll Wish You Knew About Sooner

April 14, 2024 | msn.com

TurboTax maker puts a pink spin on exploitative financial products

April 14, 2024 | americanbankingnews.com

Intuit (NASDAQ:INTU) Shares Down 0.9%

April 14, 2024 | americanbankingnews.com

Intuit Inc. (NASDAQ:INTU) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

April 12, 2024 | finance.yahoo.com

Intuit Inc.: Intuit’s Switching Costs Support a Wide Economic Moat

April 12, 2024 | msn.com

Intuit Launches Intuit for Education Aiming to Help 50M Students Become Financially Savvy by 2030

April 12, 2024 | investorplace.com

7 Must-Buy Stocks Whenever the Market Falters

April 10, 2024 | msn.com

Bruno Mars to perform first 2 concerts at LA’s Intuit Dome. Get tickets

April 10, 2024 | investorplace.com

If You Can Only Buy One Nasdaq Stock in April, It Better Be One of These 3 Names

April 10, 2024 | markets.businessinsider.com

Intuit Poised for Growth: Strong Buy Rating Amid Rising DIY Tax Filings and Strategic Pricing

April 10, 2024 | fool.com

2 Bull Market Growth Stocks to Buy in 2024 and Hold Forever

April 10, 2024 | fool.com

2 Bull Market Growth Stocks to Buy in 2024 and Hold Forever

April 9, 2024 | markets.businessinsider.com

Intuit Poised for Revenue Growth Amidst Rising Tax Volumes and Shift to High-Value Services: A Buy Recommendation

April 8, 2024 | investorplace.com

The 3 Best Fintech Stocks to Buy in April 2024

April 7, 2024 | americanbankingnews.com

Intuit (NASDAQ:INTU) Trading Up 1.5%

April 6, 2024 | finance.yahoo.com

At US$636, Is It Time To Put Intuit Inc. (NASDAQ:INTU) On Your Watch List?

April 5, 2024 | msn.com

L.A. Clippers’ New Intuit Dome Will See Bruno Mars As Its Opening Act

April 5, 2024 | msn.com

Bruno Mars Announced as L.A.’s Intuit Dome Grand Opening Performer

See More Headlines

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Company Calendar

Ex-Dividend for 1/18 Dividend: 1/09/2024
Dividend Payable: 1/18/2024
Last Earnings: 2/22/2024
Ex-Dividend for 4/18 Dividend: 4/09/2024
Today: 4/16/2024
Dividend Payable: 4/18/2024
Next Earnings (Estimated): 5/28/2024
Fiscal Year End: 7/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: Application Software
Current Symbol: NASDAQ:INTU
CUSIP: 46120210
CIK: 896878
Web: www.intuit.com
Phone: (650) 944-6000
Fax: 650-462-2955
Employees: 18,200
Year Founded: 1983

Price Target and Rating

Average Stock Price Target: $645.00
High Stock Price Target: $775.00
Low Stock Price Target: $520.00
Potential Upside/Downside: +4.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 23 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.80
Trailing P/E Ratio: 63.01
Forward P/E Ratio: 54.79
P/E Growth: 3.78
Net Income: $2.38 billion
Net Margins: 18.35%
Pretax Margin: 22.17%
Return on Equity: 17.51%
Return on Assets: 10.48%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 1.17
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $14.37 billion
Price / Sales: 12.03
Cash Flow: $12.54 per share
Price / Cash Flow: 49.26
Book Value: $61.62 per share
Price / Book: 10.02

Miscellaneous

Outstanding Shares: 280,000,000
Free Float: 271,880,000
Market Cap: $172.90 billion
Optionable: Optionable
Beta: 1.21

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Key Executives

Mr. Sasan K. Goodarzi (Age 56)
CEO, President & Director
Comp: $3.09M
Mr. Scott D. Cook (Age 72)
Founder & Director
Comp: $1.24M
Ms. Laura A. Fennell (Age 63)
Executive VP and Chief People & Places Officer
Comp: $1.61M
Ms. Marianna Tessel (Age 57)
Executive VP and GM of Small Business & Self Employed Group
Comp: $1.61M
Mr. Sandeep Singh Aujla (Age 48)
SVP of Finance for SBSEG & Technology Organization, Executive VP and CFO
Ms. Lauren D. Hotz (Age 48)
Senior VP & Chief Accounting Officer
Mr. Alex G. Balazs (Age 53)
Executive VP & CTO
Ms. Kimberly Anderson Watkins CFA
Vice President of Investor Relations
Ms. Kerry J. McLean (Age 60)
Executive VP, General Counsel & Corporate Secretary
Ms. Lara Balazs
Executive VP, Chief Marketing Officer & GM of Strategic Partner Group

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 Inc. offers a diverse range of financial management and compliance products and services for consumers, small businesses, self-employed individuals, and accounting professionals, catering to a wide market.
The company operates in multiple segments, including Small Business & Self-Employed, Consumer, Credit Karma, and ProTax, providing a diversified revenue stream.
Intuit's flagship product, QuickBooks Online Advanced, is a cloud-based financial management solution that has gained popularity among small businesses for its ease of use and comprehensive features.
Intuit's recent stock price performance has shown consistent growth, reflecting positive investor sentiment and potential for further appreciation.
Intuit's focus on innovation and technology advancements in its products keeps it competitive in the rapidly evolving financial software industry.

Cons

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

Intuit Inc. operates in a highly competitive market with other established players, which could pose challenges in maintaining market share and profitability.
The company's reliance on subscription-based revenue models for products like QuickBooks Online Advanced makes it susceptible to fluctuations in customer retention rates and market demand.
Intuit's exposure to regulatory changes in the financial services industry could impact its operations and financial performance.
Market volatility and economic uncertainties may affect Intuit's financial results and stock price, leading to potential risks for investors.
Investors should carefully consider the valuation metrics and financial health of Intuit Inc. before making investment decisions to ensure they align with their risk tolerance and investment objectives.

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 Friday, April 12, 2024. Please send any questions or comments about these Intuit pros and cons to contact@marketbeat.com.

INTU Stock Analysis - Frequently Asked Questions

Should I buy or sell Intuit stock right now?: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last twelve months. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" INTU shares.
View INTU analyst ratings or view top-rated stocks.
What is Intuit's stock price target for 2024?: 23 brokers have issued 1 year target prices for Intuit's stock. Their INTU share price targets range from $520.00 to $775.00. On average, they anticipate the company's share price to reach $645.00 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for INTU or view top-rated stocks among Wall Street analysts.
How have INTU shares performed in 2024?: Intuit's stock was trading at $625.03 on January 1st, 2024. Since then, INTU shares have decreased by 1.7% and is now trading at $614.55.
View the best growth stocks for 2024 here.
Are investors shorting Intuit?: Intuit saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,390,000 shares, a drop of 10.1% from the March 15th total of 3,770,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the company are short sold.
View Intuit's Short Interest.
When is Intuit's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our INTU earnings forecast.
How were Intuit's earnings last quarter?: Intuit Inc. (NASDAQ:INTU) released its quarterly earnings data on Thursday, February, 22nd. The software maker reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.33. The software maker earned $3.39 billion during the quarter, compared to the consensus estimate of $3.39 billion. Intuit had a trailing twelve-month return on equity of 17.51% and a net margin of 18.35%. Intuit's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share.
Read the conference call transcript.
How often does Intuit pay dividends? What is the dividend yield for Intuit?: Intuit declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.90 per share on Thursday, April 18th. This represents a $3.60 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, April 9th.
Read our dividend analysis for INTU.
Is Intuit a good dividend stock?: Intuit (NASDAQ:INTU) pays an annual dividend of $3.60 per share and currently has a dividend yield of 0.58%. 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 36.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INTU will have a dividend payout ratio of 27.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INTU.

What ETFs hold Intuit's stock?: ETFs with the largest weight of Intuit (NASDAQ:INTU) stock in their portfolio include iShares Expanded Tech-Software Sector ETF (IGV), Global X FinTech Thematic ETF (FINX), Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR), AdvisorShares Focused Equity ETF (CWS), Neuberger Berman Disrupters ETF (NBDS), ETC 6 Meridian Quality Growth ETF (SXQG), Global X Millennial Consumer ETF (MILN) and Principal Focused Blue Chip ETF (BCHP).
What guidance has Intuit issued on next quarter's earnings?: Intuit updated its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $16.17-16.47 for the period, compared to the consensus estimate of $16.40. The company issued revenue guidance of $15.890-16.105 billion, compared to the consensus revenue estimate of $16.05 billion.
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.
What other stocks do shareholders of Intuit own?: 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).
Who are Intuit's major shareholders?: Intuit's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.08%), Perpetual Ltd (0.05%), Los Angeles Capital Management LLC (0.03%), Artemis Investment Management LLP (0.03%), Guinness Asset Management LTD (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Alex G Balazs, Alex G Balazs, Brad D Smith, Dennis D Powell, Eve B Burton, Gregory N Johnson, James Alexander Chriss, Kerry J Mclean, 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.
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.
Does Intuit have any subsidiaries?: The following companies are subsidiares of Intuit: Acrede HR & Payroll Solutions, AisleBuyer, Applatix, Applatix Inc., Blue Ocean Software, BooRah, CBS Employer Services Inc., Chrono LLC, ChronoBooks, Computing Resources Inc., Credit Karma, Dallas Innovative Merchant Solutions LLC, Demandforce, Digital Insight, Docstoc, Elastic Intelligence, Electronic Clearing House LLC., EmployeeMatters Insurance Agency Inc., Exactor, Exactor (Canada) Inc., Exactor Inc., Full Slate, GoodApril, Halo Merger Sub I Inc., Halo Merger Sub II LLC, Homestead Technologies, IFI Borrower SPV I LLC, Intuit (Check) Software Ltd., Intuit Australia Pty Limited, Intuit Brasil Servicos de Informatica Ltda., Intuit Canada Tax ULC, Intuit Canada ULC, Intuit Consumer Group LLC., Intuit Distribution Inc., Intuit Do-It-Yourself Payroll, Intuit Financing Inc., Intuit France SAS, Intuit Holding Ltd, Intuit India Product Development Centre Private Ltd., Intuit India Software Solutions Private Limited, Intuit India Technology and Services LLP, Intuit Insurance Services Inc., Intuit Limited, Intuit Mint Bills Inc., Intuit Mint Bills Payments Inc., Intuit Mortgage Inc., Intuit Payment Solutions LLC, Intuit Payments Inc., Intuit Payroll Holding LLC, Intuit Payroll Services LLC, Intuit Quickbooks Mexico Sociedad de Responsabilidad Limitada de Capital Variable, Intuit Sales Tax LLC, Intuit Singapore Pte. Limited, Intuit TT Offerings Inc., Lacerte Software Corporation, Lettuce, Level Up Analytics, Level Up Analytics GmbH, Lion’s Partners LLC, MINT, MTS Global (Europe) Limited, MedFusion, Mint Bills, Mint Software Inc., MyCorporation, Origami Logic, Origami Logic (Thailand) Co. Ltd, Origami Logic Inc., Origami Logic Ltd., PayCycle, PayCycle Inc., PaySuite, Payroll Solution Inc., Payvment, Playbook HR, Porticor Cloud Security, Quincy Data Center LLC, Squire Inc., StepUp, T-Jar Inc., TSheets Holdco Inc., TSheets.com LLC, Tradegecko, Tsheets, Zeropaper, and itDuzzit.
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This page (NASDAQ:INTU) was last updated on 4/16/2024 by MarketBeat.com Staff

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