Who holds Intuit's stock?
Only 3.27% of the stock of Intuit is held by insiders. 79.97% of the stock of Intuit is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Intuit are expected to grow by 12.87% in the coming year, from $7.77 to $8.77 per share.
Is Intuit a good company to buy?
The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA. Intuit has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 19 buy ratings, 5 hold ratings, and no sell ratings.
What are analysts'12 month price targets for Intuit's stock?
24 brokerages have issued 12 month price targets for Intuit's stock. Their forecasts range from $407.00 to $850.00. On average, they anticipate Intuit's share price to reach $662.70 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
What is the upside for Intuit's share price?
On average, they anticipate Intuit's share price to reach $277.50 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Intuit.
Is Intuit a good stock to buy?
Intuit is still a bargain right now. According to my valuation, the intrinsic value for the stock is $550.78, but it is currently trading at US$439 on the share market, meaning that there is still an opportunity to buy now. Although, there may be another chance to buy again in the future.
Why is Intuit stock up?
Intuit Shares Gain as Earnings and Outlook Top Street Estimates. The tax and accounting software company's strong results come amid economic pressures that are weighing on the company's many small business customers.
Is Intuit overpriced?
The management estimates the total addressable market to be 6.7 times higher than the company's current revenue. However, the stock is currently significantly overvalued. Intuit has gained wide popularity due to its small business accounting software Quickbooks and US tax software TurboTax.
Is Intuit stock a buy or sell?
Intuit has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 21 buy ratings, no hold ratings, and no sell ratings.
Why invest in Intuit?
Our proprietary system currently recommends Intuit (INTU) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank. Research shows that stocks carrying the best growth features consistently beat the market.
Who invented Intuit?
Scott D. CookTom ProulxIntuit/Founders
Should I buy Intuit Zacks?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is INTU a buy now?
Today INTU ranks #3757 as buy candidate.
How much is QuickBooks market share?
80%QuickBooks is the accounting software of choice for more than 29 million small businesses in the U.S. They have over 80% market share and have a diverse product offering suited to help both small businesses (QuickBooks Online) and larger growing companies (QuickBooks Enterprise) and everything in between (QuickBooks ...
Is AMD a buy?
AMD stock has a decent IBD Relative Strength Rating of 75 out of 99. The Relative Strength Rating shows how a stock's price performance stacks up against all other stocks over the last 52 weeks. The best growth stocks typically have RS Ratings of at least 80.
What kind of company is Intuit?
business software companyIntuit Inc. is an American business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi.
Is AMD a buy Zacks?
It's calculated as earnings divided by price. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is Intuit going to split?
Intuit is likely to do a stock split soon, which could act as a short-term boost to its share price. INTU's recent proposed acquisition of Mailchimp also raises its revenue growth expectations in the near term.
Is Intuit profitable?
Intuit annual revenue for 2020 was $7.679B, a 13.19% increase from 2019. Intuit annual revenue for 2019 was $6.784B, a 12.6% increase from 2018....Compare INTU With Other Stocks.Intuit Quarterly Revenue (Millions of US $)2021-04-30$4,1732021-01-31$1,5762020-10-31$1,3232020-07-31$1,81650 more rows
Why is Intuit stock down?
Intuit Stock Falls As TurboTax Maker Impacted By Slow Start To Tax Season. Intuit (INTU) shares fell Friday after the financial software firm missed Wall Street's estimates for its fiscal second quarter amid a slow start to the U.S. tax-filing season. Intuit stock slipped 2% on the news.
Is Intuit a fintech company?
Today, Goodarzi, a nearly 17-year Intuit veteran, is leading the Silicon Valley company through the fintech revolution, navigating fast-moving trends that are upending the financial services industry. It's a revolution that, in a way, Intuit helped start when it launched in 1983, though in distinctly low-tech fashion.
INTU Long-Term Chart (1993 – 2019)
The company came public at a split-adjusted $2.58 in March 1993 and entered an immediate uptrend that stalled near $15 in the fourth quarter of 1995. It gave up the majority of rally gains into 1997 and turned sharply higher, completing a round trip into the prior high in 1999.
INTU Short-Term Chart (2017 – 2019)
The uptrend stalled near $216 in June 2018 and rallied above that level in August, topping out at $231.84 in October. The subsequent decline failed the breakout two weeks later, yielding a series of lower lows into a 20-month trendline in December.
The Bottom Line
Intuit stock rallied to an all-time high on Friday after the company reported a strong quarter and full-year outlook. This uptrend has the power to book impressive gains after short-term overbought signals work out of the system.
The booming economy is lifting the business
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma
What happened
Intuit ( NASDAQ:INTU) outperformed a booming market in the first half of 2021, with shares rising 29% -- about double the 14.4% increase in the S&P 500 -- according to data provided by S&P Global Market Intelligence.
So what
The booming U.S. economy is the main factor in the 2021 rally because rising incomes for consumers and businesses tend to spark demand for Intuit's tax, accounting, and payments services. The shift in work toward cloud services like QuickBooks has helped create an ideal selling environment for the company.
Now what
Because of delayed filing deadlines this year, investors won't have a clear picture of Intuit's tax season results until the company announces fiscal fourth-quarter earnings in mid-August.
Investors are finding more reasons to like the business following a strong quarterly earnings report in late May
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma
What happened
Intuit ( NASDAQ:INTU) shareholders outperformed a rising market last month. Their stock gained 12% in June compared to a 2.2% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
So what
June's rally wasn't tied to any specific news out of the company, but rather involved more investor enthusiasm following the company's late May earnings report. It likely also helped that last month was a particularly good one for the tech sector, with the Nasdaq index soaring 5%.
Now what
TurboTax's growth potential is limited due to its dominance of online tax prep. But Intuit is showing encouraging progress at selling complementary services like its recent "premier" brand that is aimed at investors. The recent acquisition of Credit Karma, meanwhile, has shareholders excited about new revenue streams in the software services niche.
Intuit At A Glance
Intuit is a Mountain View, California-based financial software company. Its flagship products include:
Intuit Stock Forecast: Limited Upside?
Intuit’s stock is already sky high, and that potentially limits the upside payoff of investing today. Skeptics argue that TurboTax has limited growth potential – it already has full penetration and a slew of well-funded competitor platforms.
Risks of Buying Intuit Stock
Intuit is waiting to assess the results of a class action lawsuit, several state-level investigations, and one from the Federal Trade Commission.
Is Intuit Stock a Buy or Sell? The Bottom Line
Intuit is a long-standing financial technology company that offers a variety of financial products and services. It focuses primarily on taxes, accounting, and personal finance, helping to fill in gaps left open by the traditional finance sector.
About Intuit
Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProConnect.
Headlines
Intuit (INTU) Set to Report Q2 Earnings: What's in Store? - Yahoo Finance
Intuit (NASDAQ:INTU) Frequently Asked Questions
25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Intuit in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Intuit stock. View analyst ratings for Intuit or view top-rated stocks.
A delayed tax season brings the bulls back to the online tax prep leader, but is its stock getting overheated?
Intuit 's ( INTU -2.00% ) stock recently hit an all-time high after the financial software company's fourth-quarter numbers easily topped Wall Street's expectations.
A delayed tax season brings back the bulls
Intuit generated 62% of its revenue from two main products in fiscal 2020: QBO (QuickBooks Online) and TTO (TurboTax Online). The rest of its revenue came from its other smaller platforms, including Mint and Turbo.
A stable business with conservative expectations
For the full year, Intuit's revenue rose 13% to $7.7 billion, roughly matching its growth rate in 2019. Its non-GAAP operating margin expanded from 34% to 35% and its adjusted EPS grew 16%. Those growth rates actually exceeded Intuit's prior guidance -- which it withdrew in May -- for 10%-11% revenue growth and 11%-13% adjusted earnings growth.
But mind the potential challenges
Intuit's greatest strength its its market dominance. TurboTax controlled over two-thirds of the online tax preparation market last year, according to ProPublica. Credit Karma, which Intuit agreed to buy earlier this year, will add another 3% to its market share.
Not enough upside potential in a frothy market
Intuit's business is built to last for decades, but its stock looks frothy at over 40 times forward earnings. Its tiny forward dividend yield of 0.6% also won't attract any serious income investors.
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