INTU - Intuit Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
262.47
-4.06 (-1.52%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close266.53
Open267.67
Bid261.59 x 800
Ask263.56 x 800
Day's Range260.58 - 267.67
52 Week Range182.61 - 295.77
Volume1,551,769
Avg. Volume1,243,037
Market Cap68.262B
Beta (3Y Monthly)0.89
PE Ratio (TTM)44.56
EPS (TTM)5.89
Earnings DateNov 18, 2019 - Nov 22, 2019
Forward Dividend & Yield2.12 (0.79%)
Ex-Dividend Date2019-10-09
1y Target Est280.56
Trade prices are not sourced from all markets
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Last week, KeyBanc’s Kenneth Zener upgraded his stand on this stock from neutral to buy, saying, “We see upside (tool share gains and wider portfolio outgrow market, favorable price/cost raise margins) … in line with market returns this year.” His price target of $160 suggests an upside of 13% for the stock.Michael Wood, writing from Nomura, takes an even more optimistic stance on SWK. He kept his buy rating, and raised his price target by 10%, to $180. His new target indicates his confidence in a 27% growth potential.Stanley Black & Decker keeps a Moderate Buy from the analyst consensus. This is derived from 5 buys and 2 holds given the stock in the past three months. As noted, shares are selling for $140. The $168 average price target suggests a 19% upside potential in the coming year. Intuit, Inc.No one likes the tax man, and we like having to report and file taxes even less. But we do have to file, every year, and a whole industry of accountants and DIY software has grown up around the requirement. Intuit (INTU – Get Report) is the maker of TurboTax, the popular home-use tax filing software, which has become the industry standard.The success of TurboTax has pushed Intuit to ever-higher revenues. The company reported $1.99 billion in 2005, which rose to $3.40 billion in 2010, $4.19 billion in 2015, and $5.96 billion in 2018. Shares in INTU have gained also steadily gained; INTU is up an eye-catching 236% in the last five years, and has an impressive 36% year-to-date gain. For income investors, the share appreciation is the main attraction here, but the Intuit does pay out a reliable dividend. The yield is modest, at 0.79%, but the trading price high enough to put the payout at $2.12 per share annually.The analysts are impressed by Intuit’s performance. 5-star analyst Brad Zelnick, of Credit Suisse, recently boosted his price target by 13%, to $300, and said, “The company reported better than expected Q4 results. We remain constructive on QuickBooks and TurboTax Live opportunities.” His price target suggests an upside potential of 11%.Zelnick is not the only analyst raising the price target on INTU. Jefferies’ Brent Thill boosted his target 7%, to $320, indicating an 18% upside, and Argus’ Jim Kelleher, ranked 60 out of 5,500 analysts covered by TipRanks, increased his price target from $275 to $327. Kelleher’s new price target implies an upside of 20% to Intuit’s share price.The analyst consensus on INTU is a Moderate Buy, with 7 buys and 4 holds assigned in the past three months. Shares currently trade for $269, and the average price target of $296 indicates an upside potential of 10%. Lowe’s Companies, Inc.The second largest player in the home improvement superstore sector, Lowe’s (LOW – Get Report) is making a credible challenge to Home Depot’s (HD – Get Report) dominance in that space. Lowe’s is benefitting from a new CEO, Marvin Ellison, with a hands-on style and turnaround plan, and LOW shares are up 19% year-to-date. The gain is seen as a show of confidence in Ellison’s ability to streamline retail chain and improve profitability.Long-term gains for LOW are also strong – shares have appreciated 129% since the end of 2014\. A robust 12% gain in the last three months shows that the stock continues to show steady momentum. The 1.99% dividend pays $2.20 per share, or 55 cents quarterly, giving investors a reliable passive income.Seth Basham, 4-star analyst with Wedbush, sees Ellison’s turnaround program as successful, and writes, “Lowe’s, he notes, has reversed its longstanding pattern of trailing Home Depot’s comparable sales in the past two quarters, thanks to better inventory, more target promotions, and company initiatives to improve productivity... increased labor efficiency could allow the company to keep operating expenses flat over the next three years, while still expanding margins.” Basham’s $135 price target on LOW indicates a potential for a 22% upside.Writing from RBC Capital, 5-star analyst Scot Ciccarelli agrees, writing, “Management continues to make the necessary improvements to generate sales activity in Lowe's Pro business, which is key to its turnaround efforts. 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    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.

  • Business Wire

    Intuit TurboTax Celebrates Latinx Entrepreneurship In Honor of Hispanic Heritage Month

    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.