The company's fundamentals are relatively very healthy. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. The company is performing strongly in the stock market, with strong fundamentals and technicals supporting the momentum. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Intuit Inc. is an American multinational software company that focuses on financial software solutions. Headquartered in Mountain View, California, it is led by CEO Sasan Goodarzi. Intuit's product suite includes the tax preparation software TurboTax, the small business accounting application QuickBooks, the credit monitoring and personal finance service Credit Karma, and the email marketing platform Mailchimp. As of 2019, over 95% of its revenues and earnings were generated from its operations within the United States. The company is publicly traded on Nasdaq and is included in the Nasdaq-100, S&P 100, and S&P 500 stock market indices.
Intuit provided free online services such as TurboTax Free File as well as a similarly named option called TurboTax Free Edition, which is not free for the majority of users. In 2019, investigations by ProPublica revealed that Intuit intentionally guided taxpayers away from the free TurboTax Free File to the paid TurboTax Free Edition through tactics like search engine delisting and misleading discounts aimed at military personnel. As of the 2021 tax filing season, TurboTax ceased participation in the Free File Alliance.
Intuit has actively lobbied against the IRS offering taxpayers free pre-filled forms, a practice common in many developed nations.
The company's current financial score is 8.77, which is higher than the Financial Technology (Fintech) & Infrastructure industry's average of 6.95. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 7.75B, representing a year-over-year increase of 15.10%, while its net profit experienced a year-over-year increase of 18.04%.
The company’s current valuation score is 4.60, which is lower than the Financial Technology (Fintech) & Infrastructure industry's average of 4.82. Its current P/E ratio is 47.99, which is 25.82% below the recent high of 60.38 and -12.14% above the recent low of 53.82.
The company’s current earnings forecast score is 8.06, which is higher than the Financial Technology (Fintech) & Infrastructure industry's average of 7.68. The average price target for Intuit Inc is 835.43, with a high of 971.00 and a low of 560.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.82, which is lower than the Financial Technology (Fintech) & Infrastructure industry's average of 7.22. Sideways: Currently, the stock price is trading between the resistance level at 766.04 and the support level at 601.41, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 10.00, which is higher than the Financial Technology (Fintech) & Infrastructure industry's average of 5.44. The latest institutional shareholding proportion is 91.08%, representing a quarter-over-quarter increase of 0.16%. The largest institutional shareholder is The Vanguard, holding a total of 27.58M shares, representing 9.89% of shares outstanding, with 2.84% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Financial Technology (Fintech) & Infrastructure export-driven industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The company’s current risk assessment score is 5.81, which is higher than the Financial Technology (Fintech) & Infrastructure industry's average of 3.58. The company's beta value is 1.26. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.