233.32 0.00 (0.00%)
After hours: 5:41PM EST
|Bid||200.32 x 900|
|Ask||235.00 x 800|
|Day's Range||231.32 - 233.73|
|52 Week Range||162.59 - 233.73|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||49.17|
|Earnings Date||Feb 21, 2019|
|Forward Dividend & Yield||1.88 (0.82%)|
|1y Target Est||229.25|
With the film industry’s biggest night just over a week away, Intuit QuickBooks today announced, “Giving Credit Where Credit is Due,” an extension of its ongoing “Backing You” campaign. QuickBooks is always looking for ways to spotlight those who power the economy and are the lifeblood of any business – often they are not the people on the front lines getting all the credit. This award season, QuickBooks turned the cameras on the people behind the scenes who make the movie magic possible and are celebrating their enormous contributions.
Here are nine dynamic companies with solutions that are revolutionizing payment processing, accounting, investing and other financial services. Intuit has also tried to demystify accounting in the age of the “gig economy,” allowing easy ways to log expenses and track mileage on mobile devices. It has more powerful cloud-based payroll solutions and business payments for lbusinesses of larger size.
Intuit (INTU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Major changes to the tax code created a lot of confusion for taxpayers, and the IRS hasn’t been able to adequately address the increased demand for information.
The acquisition will help Tel Aviv-based Fiverr portfolio to expand its subscription services for freelancers and independent contractors.
Ryan McQueeney is joined by Chad Parks, founder and CEO of Ubiquity Retirement + Savings, to discuss the intersection of technology, retirement planning, and small business.
Internet information providers like Facebook Inc. (FB) and Alphabet Inc. (GOOG) (GOOG), e-commerce giants led by Amazon.com Inc. (AMZN) and smartphone makers like Apple Inc. (AAPL), among others, tend to get all the praise. Warning! GuruFocus has detected 4 Warning Sign with INTU. While most investors will probably think of SAP SE (SAP) and Salesforce.com Inc. (CRM), Intuit Inc. (INTU) is one of the few players in the segment that has been flying under the radar.
This is the next animated story for Intuit’s 2019 brand campaign that showcases individuals’ paths to prosperity. ‘A Prosperity Story,’ introduces Luisa, an entrepreneur who grows up watching her self-employed father work to provide for his family as she pursues her passion for art and fashion.
Accounting and tax software maker Intuit, poised to gain market share in tax-preparation services this filing season, according to a survey, got a price-target hike.
Intuit Inc NASDAQ/NGS:INTUView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for INTU with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting INTU. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding INTU totaled $12.10 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. INTU credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Keith Weiss, who is an analyst for Morgan Stanley, initiated an "underweight" rating on Intuit (NASDAQ:INTU) stock in late 2016. But this week, he changed his tune. Not only has he upgraded INTU stock to "equal-weight," but he put a $225 price target on it. Source: Mike Mozart via Wikimedia (Modified) OK, this still represents less than 1% upside from the current value! But then again, his prior target -- which was at $172 -- really had to be updated. According to Weiss, he believes that INTU stock should benefit from growth in QuickBooks and TurboTax, which should remain in the growth phase for some. He points also out the company's strong competitive advantages and the ongoing innovations in the product lines. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While all this is true, I think Weiss should be much more bullish on Intuit stock. The company represents a compelling play on the fintech market. In fact, for a recent post for InvestorPlace.com, I included Intuit stock as one of my five top picks in the category. Some of the others include PayPal (NASDAQ:PYPL), Envestnet (NYSE:ENV) and LendingTree (NASDAQ:TREE). So here's a look at Inuit stock: ### Intuit Stock: Franchise Power Much of the revenues for Intuit come from TurboTax and QuickBooks. Keep in mind that the company has been the dominant player in each of these categories for more than two decades. * The 9 Best Stocks to Invest In During a Manic Market A key has been an obsessive focus on the customer, which has led to ongoing innovations. For example, in the case of QuickBooks, one of the recent features is one-day payments. There has also been the launch of an advanced version that is geared to the midmarket. Next, the TurboTax business (this also includes the Mint personal finance offering) remains a major cash cow. In fiscal 2018, the revenues from this segment came to $2.52 billion and the operating income was $1.596 billion. This is the kind of margin -- at 63% -- you'd see with a monopoly! Yet TurboTax continues to show steady improvements. Perhaps the most notable example of this is TurboTax Live, which is a service that has CPAs and Enrolled Agents review tax returns. The result has been a 19% increase in tax filer confidence. ### Data, AI and INTU A valuable asset for INTU is its enormous data set. And yes, the company has been finding ways to leverage this. Look at TurboTax. Over the years, the company has gained consent from 25 million users to use their data to get offers for better rates and loans, which has meant a 9X conversion rate for partners. QuickBooks has been effective as well. A good example is the move into providing loans to small businesses. Because of improved underwriting capabilities -- especially with access to company books -- 60% of loan approvals would be considered "un-lendable" by traditional financial institutions. Yet the loss rate is half the industry average. Oh, and 39% of customers apply for a second loan. Finally, INTU has made strides with AI, as seen with QB Assistant. While still in the early phases, it has already processed over 1.5 million questions. ### Intuit Stock: Market Opportunity Even though Intuit was founded back in 1983, the company still has much room left for growth. It certainly helps that the company has found ways to extend its platforms, such as with its Self-Employed app. It targets the fast-growing market for the so-called gig economy. In Intuit's existing market segments, the company has 42 million consumer customers. But the company estimates the opportunity is at a whopping 175 million. As for small business and self-employed category, INTU's base is close to 7 million. Yet the opportunity is roughly 215 million. And looking at the potential spending of both segments, it comes to about $33 billion. By comparison, the annual revenues for INTU are about $6 billion. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Won Super Bowl Sunday * 7 High-Yield ETFs for Brave Investors * 10 F-Rated Stocks That Could Break Your Portfolio Compare Brokers The post 3 Reasons For the Bull Case On Intuit Stock appeared first on InvestorPlace.
Intuit Inc. (INTU) today released “The State of Small Business Cash Flow”, a global study focused on the behaviors, attitudes and status of cash flow challenges experienced by small businesses and the self-employed. The study found that the majority of small businesses around the world (61%) struggle with cash flow, and nearly a third (32%) are unable to either pay vendors, pay back pending loans, or pay themselves or their employees due to cash flow issues.
Fintech, which is short for "financial technology," has been a booming category during the past few years. Some of the drivers include smartphones, cloud computing, blockchain and artificial intelligence. Many fintechs are still private, like Stripe, Betterment, Ellevest and Robinhood. According to a report from KPMG, VCs (venture capitalists) invested $14.2 billion across 427 companies during the first half of 2018. In fact, we'll probably see some of them hit the IPO market this year. But there are still plenty of fintech companies that are publicly traded. Keep in mind that old-line operators, such as Mastercard (NYSE:MA) and Visa (NYSE:V), are considered part of this class. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 F-Rated Stocks That Could Break Your Portfolio With that in mind, here are five of the best fintech stocks to invest in now. ### Source: Shutterstock ### PayPal (PYPL) A key Silicon strategy is to disrupt massive industries. While this can result in enormous profits, it is extremely tough to pull off. There are some industries that are quite resilient, such as financial services. In light of this, PayPal (NASDAQ:PYPL) has taken a collaborative approach. Part of this has been about integrating many types of payment options, which is what customers prefer. But there has also been an aggressive focus on forming strategic alliances. A prime example is a deal with Walmart (NYSE:WMT) to get a piece of the unbanked market segment. For the most part, PYPL's strategy has worked extremely well. In the latest quarter, the net new active accounts increased by 9.1 million to 254 million and the transaction volume jumped by 27% to 2.5 billion. A major driver for engagement has been from mobile devices. Another strong catalyst for PYPL stock is Venmo, which provides peer-to-peer payments services. Note that the app is a must-have for the Millennial generation. From 2016 to 2018, the total payment volume has gone from 3.2 billion to 16.6 billion. While still early, PYPL is seeing lots of traction with monetization, with 24% of the user base participating. In fact, Venmo is likely to be a strong lever of growth in the coming years. Finally, PYPL has a rock solid balance sheet. There is currently about $10.5 billion in liquid assets. In other words, the company has the resources to engage in aggressive M&A to further bolster its strong fintech platform. ### Source: Mike Mozart via Wikimedia (Modified) ### Intuit (INTU) Founded in 1983, Intuit (NASDAQ:INTU) is a pioneer among fintech stocks. The company started off with simple check-balancing methods. But since then, INTU has expanded into lucrative categories like small business accounting and personal/business taxes. These segments certainly generate substantial amounts of data, which allows for interesting use-cases. One example is QuickBooks Capital. It is a lending service that uses Intuit's accounting data to make loans. Because of Intuit's data advantage, about 60% of customers have obtained approvals for loans that would generally be deemed "un-lendable" by traditional financial institutions. The loss rate is also less than half the industry average. It's also important to note that INTU is bolstering its market opportunity by moving beyond its small business focus. Just look at QuickBooks Online Advanced. This is for the mid-market category (where the employee base ranges from 10 to 100). The market size in the U.S. is about 1.5 million. * 10 Cold Weather Stocks to Heat Up Your Returns In light of the innovation and diversified business assets, it should be no surprise that INTU has been a consistent grower. From 2010 to 2018, revenues have more than doubled to $6 billion. ### Source: Shutterstock ### Envestnet (ENV) Envestnet (NYSE:ENV) develops sophisticated cloud-based technologies for financial advisors, such as independent providers and small- or mid-size firms. EVN's software provides a full suite of services for front, middle and back office needs. The company has built a solid base, with about 93,000 advisors (up 5% in the latest quarter). There are over $2.8 trillion in assets and more than 10 million investor accounts on the system. One of the attractions of ENV is its open architecture. For the most part, the company strives to provide as many options for its advisors as possible. Note that there are over 18,000 products and more than 20,000 data sources. ENV is also poised to benefit from a secular trend in the financial services industry, as more advisors transition from commissions to fee-based compensation. According to Cerulli, the amounts are expected to go from $9.7 trillion in 2017 to $16.7 trillion in 2021. ### Source: Lending Tree ### LendingTree (TREE) LendingTree (NASDAQ:TREE) operates an online marketplace for consumers to purchase financial services. The company has over 500 partners in its network, covering areas like mortgages, insurance, personal loans and credit cards. There is also a plethora of content and tools, such as for getting free credit scores. A critical part of building this platform has been aggressive M&A, such as for ValuePenguin, QuoteWizard, Student Loan Hero and Valore (since 2016, there have been a total of $680 million in transactions). These deals have not only provided top-notch technology but footholds in key growth markets. The result is that the revenue base has become much more diversified. During the past five years, the mortgage concentration has gone from 80% to only 20%. No doubt, this has been important as the mortgage business has come under pressure during the past year or so. * 10 Cold Weather Stocks to Heat Up Your Returns Going forward, the growth story looks to be intact. For this year, the company projects revenues to increase by 29% to 34% or from $990 million to $1.03 billion and adjusted EBITDA to range from $195 million to $205 million. Then again, TREE continues to benefit from major secular trends as financial institutions allocate more resources to digital platforms. ### Source: Investment Zen via Flickr (Modified) ### Global X FinTech ETF (FINX) If you do not want to pick individual fintech stocks to invest in, then you can invest in an exchange-traded fund (ETF) that tracks the fintech markets. And a good choice is the Global X FinTech ETF (NASDAQ:FINX), which has about $288 million in assets. The fund includes 37 stocks that have an average market cap of $9.4 billion. The top five holdings include PYPL, Square (NYSE:SQ), Fiserv (NASDAQ:FISV), SS&C Technologies Holdings (NASDAQ:SSNC) and Fidelity National Information Services (NYSE:FIS). What's more, about 30% of the portfolio companies are based outside the U.S. In terms of the themes for the FINX ETF, they are fairly broad. They are P2P/marketplace lending, enterprise solutions, blockchain/cryptocurrencies, crowdfunding and personal finance software/automated wealth management. The fund has an expense ratio of 0.68% and no dividend yield. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 S&P 500 Stocks to Buy That Tore Up Earnings * 10 Cold Weather Stocks to Heat Up Your Returns * The 7 Best Penny Stocks to Buy Compare Brokers The post 5 Fintech Stocks to Buy As This Mega Trend Gains Steam appeared first on InvestorPlace.
Intuit has "multiple irons in the fire" ahead of the upcoming tax season, with new products in the consumer segment (TurboTax Live) that should bode well in a less competitive and different environment compared to prior years, Weiss said in the Monday upgrade note. If Intuit has a successful tax season, the momentum could be sustainable, as the software company introduced several initiatives to improve customer retention, Weiss said.
Since the new year, Square (NYSE:SQ) stock has pulled off an impressive bull move. Consider that Square stock is up about 25% so far in 2019. Of course, SQ stock has been a reliable winner over the years, although it swoons occasionally. Since SQ went public in early 2016, the price of Square stock has gone from $9 to $72. The company's focus on small businesses has been spot-on. By leveraging mobile devices from Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), SQ has been able to amass a large base of customers. But the company has also launched add-on offerings like e-commerce, gift cards, payroll, employee management, inventory, scheduling, etc. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 F-Rated Stocks That Could Break Your Portfolio While all this is great, I actually think investors should still be somewhat cautious about SQ stock. Expectations for Square stock do look overly optimistic, as its business is facing considerable risks. So let's take a closer look at SQ. ### Square's Growth In the third quarter, SQ's revenues shot up by a sizzling 68% to $431 million. Its top line handily beat the expectations of Wall Street analysts, whose average estimate was $414 million. Yet it will certainly be tough for SQ to maintain that blistering growth. In fact, its top-line increases could slow soon. Consider a recent research note from Raymond James analyst John Davis on Square stock. According to the analyst, SQ does not have any upcoming product offerings that will generate revenue growth. Davis adds that the company's acquisitions of Weebly and Zesty are likely to weigh on its bottom line. Davis concludes his note on Square stock by writing: "We believe organic growth peaked in 3Q18 and growth on the all-important subs and services line will likely materially decelerate in 2Q19. We believe the risk/reward is negatively skewed and recommend investors reduce positions." He downgraded Square stock from "Market Perform" to "Underperform" and lowered his price target on SQ stock to $56. ### Square's Competition There are plenty of companies that are gunning for Square's customers. For example, Intuit (NASDAQ:INTU) has capitalized on its QuickBooks business to provide loans to small businesses. While its loan initiative is still in the early stages, it has gained a great deal of traction so far. Then there is PayPal (NASDAQ:PYPL). The company's payments business continues to grow at a rapid pace, led by its Venmo app, which has become a must-have for Millennials. PYPL is also acquiring iZettle, which is a leading player in merchant processing systems for smartphones and tablets in Europe. Even traditional financial institutions are becoming a major factor in the digital payments industry. A consortium of banks - including Bank of America (NYSE:BAC), BB&T (NYSE:BBT), Capital One (NYSE:COF), JPMorgan (NYSE:JPM), PNC Bank (NYSE:PNC), US Bank (NYSE:USB) and Wells Fargo (NYSE:WFC) - have developed a digital-payments app called Zelle. No doubt, the app has gotten a nice boost from its wide distribution. Consider that the volume of BAC's Zelle offering has more than doubled over the past year. Finally, there was the recent merger between Fiserv (NASDAQ:FISV) and First Data (NYSE:FDC), which are major credit-card processors. The companies made the deal mainly to more effectively take on Square. The combined company plans to spend $500 million over the next five years on new technologies. ### The Valuation of Square Stock SQ stock is far from cheap. The market cap of Square stock stands at $30 billion, and it has a price-sales ratio of nine. And if Square's growth decelerates and SQ starts to look more like a bank, the valuation of Square stock is likely to drop What's more, it's important to note that Davis is not the only Wall Street analyst who is skeptical about Square stock. BTIG's Mark Palmer and Giuliano Bologna have a price target of $30 on Square stock! That may be a bit extreme. But then again, the average price target on SQ stock is roughly $78, which assumes only about 11% upside from current levels. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 S&P 500 Stocks to Buy That Tore Up Earnings * 10 Cold Weather Stocks to Heat Up Your Returns * The 7 Best Penny Stocks to Buy Compare Brokers The post 3 Reasons to Be Cautious on Square Stock appeared first on InvestorPlace.
Intuit Inc. (INTU) will announce its second-quarter financial results for fiscal year 2019 on Feb. 21 following the close of market. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on Feb. 21. Prepared remarks for the call will be available on Intuit’s website after the call ends.
TurboTax®, the nation’s leading online tax preparation service from Intuit Inc. (INTU), has launched a new Hispanic integrated marketing communications campaign aimed at empowering the Latino community to take control of their finances with the help of in-language content and bilingual tax advice. The campaign includes TV, radio, digital advertising, media partnerships and integrations, influencer programs and social media activations, with engaging new content, in both English and Spanish, to ensure cultural relevancy. “Our 2019 new multi-channel campaign was designed to reach the U.S. Latino population in a very creative and educational way,” said Mary-Ann Somers, Chief Growth Officer for Intuit TurboTax.
Paycom's (PAYC) Q4 results are likely to benefit from new business acquisitions. However, mounting marketing expenses are an overhang on margins.
Local businesses and nonprofits have stepped up to help federal workers and may need to again once the terms of the current deal expire.
Visor is an online tax advisory service that helps subscribers file taxes and provides financial guidance year-round. Co-founder and CEO Gernot Zacke discusses the company with Clearstead Advisors Senior Managing Director Jim Awad and Yahoo Finance's Adam Shapiro, Julie Hyman and Andy Serwer.