|Bid||268.62 x 1000|
|Ask||269.24 x 1400|
|Day's Range||267.46 - 272.91|
|52 Week Range||182.61 - 295.77|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||45.70|
|Earnings Date||Nov 18, 2019 - Nov 22, 2019|
|Forward Dividend & Yield||2.12 (0.79%)|
|1y Target Est||280.56|
Intuit (NASDAQ:INTU) is a financial technology stock that tends to fly under the radar which is strange given Intuit stock is up 850% over the past decade. Although it's got a couple of strong franchises in TurboTax and QuickBooks, it's probably best known for Danny Devito's television ads. They're quirky yet effective. It's hard to believe, but Intuit's been around since 1984 and a public company since its IPO in March 1993. Intuit went public at $20 a share. In the 26 years since it's had three stock splits. One hundred shares bought for $2,000 in 1993 are now 1,200 shares and worth $26,627, a compound annual growth rate of 10.5%. InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite a large number of competitors, both public and private, Intuit's always managed to keep pace with its peers through innovation and products that generally are easy to use and relatively inexpensive to own. It's helped millions of small businesses keep their financial records straight while also enabling millions more to do their own taxes. * 7 Triple-'F' Rated Stocks to Leave on the Shelf As fintech stocks go, Intuit's one of the best. Here are seven reasons why. Reasons to Own Intuit Stock: It's Very ProfitableSource: Shutterstock Intuit delivered better than expected fourth-quarter results August 22. The news helped propel INTU stock higher only to lose all of the gains come September. Analysts expected Intuit to lose $0.14 in the quarter on $961 million in revenue. Intuit delivered a loss of just 9 cents on $994 million in sales. The slowest quarter of the year, the company finished the fiscal year with operating profits of $1.85 billion, 19% higher than a year earlier, on $6.78 billion in revenue. "Our business continued its strong momentum in the fourth quarter, resulting in full year revenue growth of 13 percent, exceeding our original guidance of 8 to 10% growth," said Sasan Goodarzi, Intuit's CEO. "These results were fueled by 15% growth in the Small Business and Self-Employed Group, and 11 percent growth in the Consumer Group."When profits and revenues rise by double digits that usually translates into higher free cash flow, Intuit is no different growing it to $2.17 billion at the end of July, 9.2% higher than a year earlier. One of the things CEOs do with free cash flow is to buy back shares. In 2019, Intuit repurchased $561 million of its stock. It has $2.7 billion left on its current share repurchase program. Reasons to Own Intuit Stock: Strong Balance SheetSource: Shutterstock It stands to reason that when you're generating healthy profits and free cash flow, your balance sheet is bound to be healthy. At the end of July, Intuit had short- and long-term debt of $50.0 million and $386 million, respectively, along with $2.7 billion in cash, cash equivalents, and investments for net cash of $2.3 billion or 3.3% of its $69.2 billion market cap. By comparison, H&R Block (NYSE:HRB), its biggest competitor in the tax space, had net cash of $79.4 million or 1.6% of its $4.8 billion market cap. * 8 Dividend Stocks to Buy for a Recession When you consider that Intuit's interest expense in 2019 was $15 million, less than former CEO Brad Smith's 2018 compensation, the comparison tells you all you need to know about the company's financial strength. Reasons to Own Intuit Stock: Operates High-Demand BusinessesSource: Mike Mozart via Wikimedia (Modified)As I said earlier, Intuit's major franchises are TurboTax and QuickBooks. TurboTax, which Intuit acquired for $225 million in September 1993, created a $600 million business with a strong presence in both financial management and tax management. The merger, which brought together two profitable companies, was the beginning of INTU stock's incredible winning streak.Shareholders of TurboTaxes' parent, Chipsoft, received 7.25 million shares of INTU stock. Today, those shares are worth $23.7 billion. TurboTax continues to benefit from the consumer's desire to do their taxes at home rather than schlepping a box of receipts down to the local H&R Block office. In 2019, 68% of Americans said they would file their taxes online, up from 53% a decade earlier. As more people chose online tax preparation, TurboTax's gross margins moved higher, creating a profit machine like few others."Given Intuit's dominant position in the DIY space, and the growing momentum behind its TurboTax Live offering in the assisted category, we believe another year of double-digit Consumer Tax growth is well within reach," said Stifel's Brad Reback in a note to clients September 14. As for QuickBooks, Intuit finished 2019 with 3.4 million online subscribers, 43% higher than a year earlier. In terms of revenue, both online and desktop, QuickBooks accounted for $1.7 billion of the company's overall revenue, 40% higher than in 2018.The addition of online subscribers will continue to generate year over year revenue growth. Reasons to Own Intuit Stock: Good Use of TechnologySource: Shutterstock Is Intuit a financial services company that happens to use technology well? Or is it a technology company that happens to sell financial products? That's a tough question to answer. In 2018, QuickBooks Capital originated $316 million in term loans to small business customers, bringing overall total funding since launching the initiative in November 2017 to $441 million. That said, Intuit is not a bank. However, it is lending its own capital to its small business customers, using all the data it has on these businesses to make an educated underwriting decision. To date, it's yet to have any material losses. In 2019, Intuit spent $1.2 billion or 18.2% of its overall revenue, on research and development, the innovation juice necessary to keep creating new products and services. H&R Block makes no accounting for research in its 10-K, an indication of how little it invests in innovation. At the end of August, Intuit announced that QuickBooks customers could provide benefits to its employees directly through QuickBooks Online Payroll in partnership with SimplyInsured. "We know that many small business owners want to do right by their employees and offer health insurance benefits, but many feel it's too expensive or confusing," said Olivier Bartholot, Director of QuickBooks Payroll. "By connecting them with affordable medical, dental and vision insurance directly within QuickBooks, we're making it easy, fast and cost effective for small businesses to offer their employees insurance plans, helping them to attract and retain top talent." * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars By investing as much as Intuit does in R&D, it's able to provide the technology necessary to deliver this kind of initiative. It's why it's miles ahead of H&R Block any other of its peers. Reasons to Own Intuit Stock: Long-Term Succession PlanningSource: Shutterstock A year ago, August, Intuit announced that Sasan Goodarzi, then the company's executive vice president, would succeed Brad Smith as its CEO on January 1. At the time of the announcement, Smith and Goodarzi were just 54 and 50, respectively, hardly the retirement age. "I never wanted to be that athlete who loses half a step or can't complete the pass," he told Fortune in an exclusive pre-announcement interview. "I wanted to step down when I was still in my learning zone and still had gas in the tank."Goodarzi ran the company's Small Business & Self-Employed segment which includes QuickBooks. In fiscal 2019, the division accounted for 52% of the company's $6.78 billion in total revenue. He was the natural person to take the helm. Born in Tehran, Goodarzi sees a lot of opportunities outside the U.S. However, to get beyond 5% of its revenue generated internationally, it's got to create products and services that can be rolled out in many countries. After delivering two solid quarters in fiscal 2020, Goodarzi has gotten off to a strong start. With both the founder, Scott Cook, and the former CEO still on the board, Intuit shareholders have nothing to worry about. Intuit's got a deep bench. Reasons to Own Intuit Stock: AcquisitionsSource: Shutterstock According to Crunchbase, Intuit's made 29 acquisitions in its 35-year history, an average of less than one per year. The company's most recent acquisition is Origami Logic, a marketing insights platform that Intuit bought in May. No financial details were released about the transaction. However, we do know that Origami Logic had raised $64 million in VC funding before agreeing to be acquired. "As we enter our next chapter of transformation, having a strong data architecture lies at the heart of Intuit's strategy to deliver valuable insights to our customers," CEO Sasan Goodarzi said in a statement. "This acquisition will accelerate Intuit's ability to organize, understand, and use data to deliver personalized insights that help customers quickly achieve success and build confidence whenever they use Intuit products." This was the CEO's first acquisition since taking over for Brad Smith. * 7 Triple-'F' Rated Stocks to Leave on the Shelf Given the push by fintech companies into data analytics, machine learning, and AI, this acquisition enables it to provide its customers with leading-edge business and data analytics at a reasonable price. Reasons to Own Intuit Stock: Stock PerformanceSource: Shutterstock After everything else that's been said about Intuit, it seems only right to finish off this article by discussing its stock performance, something I alluded to in the intro.INTU is up 35.8% year to date including dividends through September 17. With less than four months left in 2019, if the gains hold, the company will have delivered an 11th consecutive year of stock gains for its shareholders. No one has benefited from these gains more than former CEO and current Executive Chairman, Brad Smith, who owns 1.05 million shares of its stock. Smith's 11 years in the top job saw him obtain significant financial wealth with his shares worth almost $300 million at current prices.Not only did Smith become very wealthy from his ownership stake, but he was also paid well. In his last three years as CEO, Smith earned $56.3 million in total compensation, a good chunk of it from stock and option awards. However, when you deliver an 850% return over the past decade, shareholders aren't nearly as likely to be too concerned about this particular executive's overall pay package. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech appeared first on InvestorPlace.
TurboTax®, the nation’s leading online tax preparation service from Intuit Inc. (INTU), announced today it will be celebrating the U.S. Hispanic community and entrepreneurs with the launch of #LatinxCulturepreneurs. The Hispanic Heritage Month digital campaign highlights Latinx entrepreneurs who have built businesses rooted in their Latinx heritage. #LatinxCulturepreneurs strives to inspire and support future culturepreneurs by highlighting the journey and advice of a four extremely passionate and talented individuals.
Digital payments space heats up with growing proliferation of instant and same-day deposit services being offered by JPMorgan Chase, Square, PayPal and others.
Dev Kantesaria, portfolio manager and founder of Valley Forge Capital Management, is up 44% so far this year on growth stocks, and he sees more upside even after recent pullbacks.
EVP and CFO of Intuit Inc (30-Year Financial, Insider Trades) Michelle M Clatterbuck (insider trades) sold 3,855 shares of INTU on 09/04/2019 at an average price of $285.62 a share. Continue reading...
Intuit's breakout in February shows how using the Relative Strength Rating helps determine the strength of growth stocks at the breakout.
Intuit Inc (INTU) files its latest 10-K with SEC for the fiscal year ended on July 31, 2019. Intuit Inc creates business and financial management solutions for small businesses, consumers, and accounting professionals. Continue reading...
Alex Chriss, executive vice president and general manager of Intuit’s small business and self-employed group will present at the Citi Global Technology Conference in New York, on Sept.
EVP, Small Bus. & SelfEmployed of Intuit Inc (30-Year Financial, Insider Trades) James Alexander Chriss (insider trades) sold 2,391 shares of INTU on 08/26/2019 at an average price of $278.87 a share. Continue reading...
Autodesk's (ADSK) second-quarter fiscal 2020 results benefit from higher subscription revenues, gross margin expansion and lower operating expenses.
Intuit Inc. (INTU) announced today that customers of QuickBooks Online Payroll, the number one payroll provider for small businesses, can now take care of their employees with easy and affordable medical, dental and vision benefits right from within QuickBooks. This is just the latest example of how Intuit’s technology-driven Payroll solution leverages the power of the QuickBooks platform and helps businesses better manage their most valuable resources - the humans that make their business work. Today, one in twelve American workers are paid through QuickBooks Payroll, with $185B payroll payments processed annually.
During the financial software company's fiscal fourth-quarter earnings call, management provided insight into some of Intuit's most important catalysts.
The clearly strained relationship between President Trump and Federal Reserve Chairman Jerome Powell spurred a wave of worry on Friday, sending the S&P 500 lower to the tune of 2.59%.Source: Shutterstock Apple (NASDAQ:AAPL) led the way, falling 4.6% as it's one of the more vulnerable names to newly imposed or re-imposed tariffs on goods in, or shipped to, China. As Wedbush analysts Daniel Ives and Strecker Backe wrote, Trump's vocal response to comments from Powell were "a clear shot across the bow at Apple and the semi space." Foot Locker (NYSE:FL) did even more net damage though, falling nearly 19% after falling short of last quarter's sales and earnings estimates. * 10 Stocks to Own Through a Global Recession As for prospects that merit a closer look as the new trading week gets going, take a look at the stock charts of Intuit (NASDAQ:INTU), Gilead Sciences (NASDAQ:GILD) and Nike (NYSE:NKE). Here's why.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nike (NKE)With nothing more than a passing glance, it would be easy to chalk up the recent action from Nike to simple volatility. It's a company in transition that has been impacted by trade tensions with China as well as relationships with controversial people and political ideas.Regardless of the reason, the reality is, each stumble has taken a toll on the stock. The selloff since July has pushed NKE to a brink, and it has done so after another red flag started to wave. In short, Nike has been losing its bigger picture momentum, and is en-route to net-bearish momentum. * Click to EnlargeThe make-or-break line is the floor that connects most (though not all) the major lows since early 2018. It's marked with a light blue line on both stock charts. * Although the broad uptrend technically remains intact, notice Nike shares have stopped making higher highs. The last two peaks make a double top right around $90, marked in red on both stock charts. * It's a subtle clue, but the MACD chart's strong of lower peaks and lower subsequent lower crossunders also points to a gradual loss of momentum, and transition to bearishness. Intuit (INTU)Software company Intuit has been one of the market's biggest, even if mostly overlooked, winners since the beginning of 2017. The advances have been prolonged, and sizeable, driving an incredible 140% over the course of the past three years.It has not been a straight-line move though. In between advances, INTU suffered pullbacks … particularly once it bumped into what has become a well-established ceiling. Friday's action suggests a move out of an uptrend and back into a downtrend, even with the day's net gains. * 10 Stocks to Own Through a Global Recession * Click to EnlargeThe shape of the bar is the key. Intuit started the day out strong, and got even stronger on an intraday basis, but by the time the closing bell rang it was as low as before. Would-be profit-takers were put into action. * Prompting the big intraday swing was a bump into the resistance line that tags all the key highs going back to mid-2017, marked as a light blue dashed line on the weekly chart. * Notice that, while not with perfection, the gray 100-day moving average line has been an important support level. Currently at $262.23, it could be a spot where the selling is put to a test. Gilead Sciences (GILD)A week and a half ago, Gilead Sciences was pushing up and off a critical support level. That was happening after a damaging pullback, and GILD stock still posed more risk than reward. But, it was a start. The 50-day moving average line was close to crossing back above the 200-day moving average line. The chance of a renewed breakout effort made it worth the time and effort.That rebound effort was never able to get going in earnest. Indeed, although it likely has more to do with the market than Gilead itself, the stock just slipped into serious trouble on Friday. It's no small matter either. * Click to EnlargeAs the daily chart indicates, the rising support line that tags all the key lows since late-December stopped acting as support on Friday. That floor is plotted as a dashed blue line. * The prod for Friday's setback was an encounter with the blue 20-day moving average line, marked in dark blue. That failed effort to move above it is highlighted. * Zooming out to the weekly chart there's a clear falling resistance line, marked in yellow, which is driving Gilead to lower lows. It's also clear there's one last-ditch support level at $62, marked in white.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 "Boring" Stocks With Exciting Prospects * 15 Cybersecurity Stocks to Watch as the Industry Heats Up * 5 Healthcare Stocks to Buy for Healthy Dividends The post 3 Big Stock Charts for Monday: Intuit, Gilead Sciences and Nike appeared first on InvestorPlace.