Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. TALLINN, Estonia–(BUSINESS WIRE)–Katana Technologies, a fast-growth innovator of inventory software solutions for small and medium-sized businesses (SMBs), today announced its integration with Intui… Intuit Inc.’s stock initially dipped 3% in extended trading Thursday after the software company reported quarterly results that topped analyst estimates but issued tepid revenue guidance for its curre… This capital could’ve been returned to shareholders in the form of stock buybacks, which probably would’ve helped support the stock price somewhat. While the COVID-19 pandemic was a huge headwind for many companies out there, it turned out to benefit PayPal tremendously, as revenue, total payment volume (TPV), and active accounts surged in 2020 and 2021. Flush with cash and limited in places to spend it, consumers turned to online shopping, which leans toward discretionary spending, something that propelled PayPal.
Style is calculated by combining value and growth scores, which are first individually calculated. 785 employees have rated Intuit Chief Executive Officer Sasan Goodarzi on Glassdoor.com. Sasan Goodarzi has an approval rating of 92% among the company’s employees. This puts Sasan Goodarzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
Intuit CEO: Our innovation has been fueled by investments in data and AI
Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With 100 million customers worldwide using TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. These high-quality stocks have consistently beat the market in the past, and investors have good reason to believe that trend will continue in the future. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Another reason to like this business is its favorable financial situation.
- This means that existing accounts are engaging more with the service, demonstrating that there are some loyal PayPal customers out there.
- There are currently 4 hold ratings and 19 buy ratings for the stock.
- But things haven’t been so rosy over the past several quarters.
- Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
PayPal’s adjusted-operating margin in Q2 was 21.4%, and it generated $3.7 billion in free cash flow in the last 12 months. This isn’t some unprofitable company struggling with its finances. Moreover, PayPal currently has a net-cash position of $3.9 billion. This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality.
Intuit Deceptively Advertised Tax Services, FTC Administrative Judge Rules — Update
Intuit announced a quarterly dividend on Tuesday, August 22nd. Shareholders of record on Monday, October 9th will be paid a dividend of $0.90 per share on Tuesday, October 17th. This represents a $3.60 annualized dividend and a yield of 0.66%. This is a positive change from the stock’s previous quarterly dividend of $0.78. telecom sector meaning The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit after the commission said the company misled consumers with deceptive advertisements pitching “free… TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Palo Alto.
This means that existing accounts are engaging more with the service, demonstrating that there are some loyal PayPal customers out there. Dan Schulman, PayPal’s CEO since the eBay spin-off, is set to retire at the end of this year. He led the payments company to huge gains for most of the past eight or so years, but he has certainly made some mistakes that shareholders should be disappointed with. But things haven’t been so rosy over the past several quarters.
And because the stock has gotten so crushed, it’s dirt cheap right now, trading at a forward price-to-earnings ratio of 12.8. So, despite PayPal’s recent struggles and pending leadership change, it’s very easy to see why value-focused investors would eye this stock as a good buying opportunity. As of June 30, the company counted 431 million active accounts, down from 435 million at the end of last year. Investors likely aren’t accustomed to seeing this once darling of a growth stock pump the brakes on its gains, and that’s why shares have been under so much pressure. Intuit closed its fiscal year nicely, with results in line with our expectations. Earnings guidance for the upcoming fiscal year was on the lighter side because of more moderate margin expansion than we expected as the firm doubles down on big bets, although we think this is a worthy cause.
A judge ruled that Intuit violated Section 5 of the FTC Act by misleading consumers with “free” service claims. A Federal Trade Commission administrative law judge ruled that Intuit, the maker of the widely used TurboTax filing software, engaged in deceptive advertising when it told customers that its service w… Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Alex Chriss, executive vice president and general manager of the Small Business and Self-Employed Group at Intuit, is slated to take over the lead role.
This software company uses artificial intelligence to revolutionize how businesses and consumers manage their finances. There’s certainly a lot for investors to unpack with PayPal, namely its slower growth prospects and new CEO, but there are still positive attributes to get excited about. While the user base appears to be leveling off a bit, it’s encouraging to see TPV increase 11% to $377 billion in the latest quarter.
Price Target and Rating
Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
Future planned enhancements to QuickBooks Money include subscription-free access to other QuickBooks small business solutions such as bill pay, in-person payments, and lending. QuickBooks Money customers can also seamlessly https://1investing.in/ upgrade to QuickBooks’ ecosystem of subscription-based services such as accounting, payroll, and more at any time. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. This article was generated by Benzinga’s automated content engine and reviewed by an editor. This average price target has increased by 9.68% over the past month. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of INTU’s
competitive advantage.
Hawaiian Electric’s stock falls on dividend halt and lawsuit, Digital World Acquisition Corp. slides, and other moving stocks
Intuit CEO Sasan Goodarzi joins ‘Squawk on the Street’ to discuss why the company’s stock is up $100 since May, if the Street is attached to use cases for AI, and Goodarzi’s broader view on consumer h… Small and medium-sized businesses (SMBs) have long been aware of Intuit’s suite of products. After all, the global technology platform is responsible for Quickbooks, TurboTax, Credit Karma and Mailchi…
Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software. 23 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Intuit in the last twelve months. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “moderate buy” INTU shares. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
- Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of INTU’s
competitive advantage. - Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors.
- Its revenue was up just 8% in 2022, the slowest rate of growth since being spun off eBay in 2015.
- This capital could’ve been returned to shareholders in the form of stock buybacks, which probably would’ve helped support the stock price somewhat.
- Is this leading fintech stock worth buying right now on the dip?
These big bets include areas like expanding the small business ecosystem, which we think makes sense, as we think accounting is one of the first entry points for a small business’ tech stack. We believe Intuit’s track record of worthwhile investments in innovation will pay off in the long term. Our fair value estimate for the wide-moat name is $500 per share, which leaves shares fairly valued. Intuit issued an update on its first quarter 2024 earnings guidance on Monday, August, 28th. The company provided earnings per share (EPS) guidance of $1.94-$2.00 for the period, compared to the consensus earnings per share estimate of $1.99. The company issued revenue guidance of $2.86 billion-$2.88 billion, compared to the consensus revenue estimate of $2.93 billion.
INTU’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns.
© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Intuit’s stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (56.16%), BlackRock Inc. (8.29%), State Street Corp (4.03%), Geode Capital Management LLC (1.90%), Brown Advisory Inc. (1.26%) and Northern Trust Corp (1.09%).
Time to Upgrade!
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit is hosting Innovation Day on Sept. 6, 2023, to unveil new generative AI platform and product experiences for consumers and small businesses. According to 19 analysts, the average rating for INTU stock is “Strong Buy.” The 12-month stock price forecast is $568.63, which is an increase of 3.86% from the latest price. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Is this leading fintech stock worth buying right now on the dip? Banking services provided by our partner, Green Dot Bank, Member FDIC.
Inflationary pressures, rising interest rates, and an uncertain economic backdrop have negatively impacted many businesses, including PayPal. Its revenue was up just 8% in 2022, the slowest rate of growth since being spun off eBay in 2015. And through the first six months of 2023, sales were up 8% again. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. QuickBooks Money currently combines two industry-leading financial services – QuickBooks Checking and QuickBooks Payments. QuickBooks Checking delivers a business banking hub through a purpose-built bank account provided by our partner Green Dot Bank. Processing more than $125 billion in volume annually, QuickBooks Payments allows small businesses to manage all of their payments in one place. Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte).
Intuit Stock (NASDAQ:INTU): More Record Results Ahead – Nasdaq
Intuit Stock (NASDAQ:INTU): More Record Results Ahead.
Posted: Wed, 06 Sep 2023 19:03:00 GMT [source]
Product offers, features, functionality are subject to change without notice. According to 24 analyst offering 12-month price targets in the last 3 months, Intuit has an average price target of $565.71 with a high of $642.00 and a low of $525.00. Arm Holdings opens 10% above its IPO price, shares of Norwegian Cruise Line and Carnival are upgraded, and HP Inc. falls after Berkshire Hathaway discloses it sold 5.5 million shares. We’d like to share more about how we work and what drives our day-to-day business.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of INTU stock can currently be purchased for approximately $541.95. Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit is introducing Intuit Assist, a new generative AI-powered assistant that delivers personalized, intelligent recommendations for customers.
A fresh perspective could be exactly what this company desperately needs. And a new face could bring a renewed sense of optimism from shareholders. To be fair, a lot of executives can be blamed for extrapolating strong demand trends into perpetuity. But the magnitude of Schulman’s incorrect forecast is striking. PayPal’s trailing-12-month revenue totaled $29 billion — a long way off from hitting $50 billion anytime soon. Terms, conditions, pricing, special features, and service and support options subject to change without notice.
