Intuit Inc. (NASDAQ:INTU) shares traded 0.08% higher at $496.86 on Wall Street last session.
In accordance with the data, 30 analysts cover Intuit Inc. (NASDAQ:INTU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $580.00 and a low of $410.00, we find $497.00. Given the previous closing price of $496.47, this indicates a potential upside of 0.11 percent. INTU stock price is now 10.02% away from the 50-day moving average and 18.29% away from the 200-day moving average. The market capitalization of the company currently stands at $138.94B.
It has been rated a hold by 6 analysts and a buy by 20. Brokers who have rated the stock have averaged $499.12 as their price target over the next twelve months.
With the price target maintained at $532, Exane BNP Paribas recently Upgraded its rating from Underperform to Neutral for Intuit Inc. (NASDAQ: INTU).
In other news, FENNELL LAURA A, EVP, People and Places sold 53,741 shares of the company’s stock on Jul 03. The stock was sold for $24,235,296 at an average price of $450.96. Upon completion of the transaction, the EVP, People and Places now directly owns 39,896 shares in the company, valued at $19.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03, EVP and CFO Clatterbuck Michelle M sold 1,412 shares of the business’s stock. A total of $639,269 was realized by selling the stock at an average price of $452.74. This leaves the insider owning 1,350 shares of the company worth $0.67 million. Insiders disposed of 216,887 shares of company stock worth roughly $107.76 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INTU stock. A new stake in Intuit Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $639,204,000. PALESTRA CAPITAL MANAGEMENT LLC invested $85,852,000 in shares of INTU during the first quarter. In the first quarter, RIVULET CAPITAL, LLC acquired a new stake in Intuit Inc. valued at approximately $84,466,000. MELQART ASSET MANAGEMENT (UK) LTD acquired a new stake in INTU for approximately $38,253,000. QUINTET PRIVATE BANK (EUROPE) S.A. purchased a new stake in INTU valued at around $37,265,000 in the second quarter. In total, there are 2,266 active investors with 87.00% ownership of the company’s stock.
Intuit Inc. (NASDAQ: INTU) opened at $492.70 on Wednesday. During the past 12 months, Intuit Inc. has had a low of $352.63 and a high of $508.09. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 1.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $142.08B, which is based on a 62.79 price-to-earnings ratio, a 3.87 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for INTU is $452.99 and a two-hundred day moving average price translates $420.47 for the stock.
The latest earnings results from Intuit Inc. (NASDAQ: INTU) was released for Apr, 2023. According to the Software – Application Company, earnings per share came in at $8.92, beating analysts’ expectations of $8.48 by 0.44. This compares to $6.27 EPS in the same period last year. The net profit margin was 15.90% and return on equity was 13.60% for INTU. The company reported revenue of $6.02 billion for the quarter, compared to $5.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.85 percent. For the current quarter, analysts expect INTU to generate $2.64B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/18/2023. Investors who held shares on 07/10/2023 were paid a $0.78 dividend. On an annualized basis, this represents a $3.12 dividend and a 0.63% percent yield. There was an ex-dividend date of 07/07/2023 for this dividend. In terms of dividend payout ratio, INTU is presently at 36.60%.
Intuit Inc.(INTU) Company Profile
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 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 income tax returns. 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.
