Intuit Inc.

Intuit helps consumers, small businesses, and the self-employed prosper by delivering financial management and compliance products and services. The company also provides tax products to accounting personnels, who are main partners that help the company serves small business customers. The company organizes its businesses into three reportable segments: Small Business and Self-Employed, which provides QuickBooks financial management solutions to solve financial and compliance problems; Consumer, which includes TurboTax products and services to prepare and file income tax returns; and Strategic Partner, which includes professional tax offerings and serve professional accountants in United States and Canada.
  • TickerINTU
  • ISINUS4612021034
  • ExchangeNASDAQ Stock Market
  • SectorSoftware & Computer Services
  • CountryUnited States

Intuit Inc.: Update to credit analysis following unsecured note sale

Our credit view of Intuit reflects its leading market positions, strong FCF, high margin, and modest leverage while considering its geographic concentration and moderate revenue base.

Moody's assigns A3 to Intuit's proposed sr unsecured notes; outlook remains stable

Rating Action: Moody's assigns A3 to Intuit's proposed sr unsecured notes; outlook remains stable. Global Credit Research- 25 Jun 2020. $2 billion of proposed notes rated.

Intuit Inc: 2 directors sold/sold after exercising options

Two Directors at Intuit Inc sold/sold after exercising options 18,337 shares at between 287.092USD and 291.100USD. The significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is re...

Moody's announces completion of a periodic review of ratings of Intuit Inc.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Intuit Inc.. Global Credit Research- 20 May 2020. New York, May 20, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Intuit Inc. and other ratings that are associated with the same analytical unit.

Valens Research

Valens Equity Insights and Inflections - 2020 05 05

IPG currently trades below historical averages relative to Uniform earnings, with a 13.0x Uniform P/E (Fwd V/E'). At these levels, the market is pricing in expectations for Uniform ROA to decline from 31% in 2019 to 20% by 2024, accompanied by 1% Uniform asset shrinkage going forward. Meanwhile, analysts have less bearish expectations, projecting Uniform ROA to only fade to 29% levels through 2021, accompanied by 7% Uniform asset shrinkage. That said, management is confident about their EBITA margin improvements and compelling product offerings. Current valuations appear to be pricing in overl...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

• A number of Consumer Cyclical names continue to indicate leadership. (ex. THO, WGO, CROX, WLH, LEN, KBH, PZZA, TXRH, SCVL, GCO, and RH) • The Healthcare Sector has a number of attractive names developing major bases and staging RS reversals. (ex. CAH, HSIC, ITGR, ABT, MLAB, RMD, SYK, MD, RDNT, TRHC, CNC, WCG, RGNX, BEO, and SYNH) • The Technology Sector continues to be long-term leadership. Many issues are extended and we would suggest taking opportunity of any weakness. (ex. TER, AMAT, SYNA, INTC, AVGO, INTU, LPSN, CTXS, ADP, EXLS, PRSP, and FN)

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • Despite weakness in a number of Consumer Discretionary stocks, there are a number of names that remain attractive (ex. KBH, PHM, SIX, RRGB, WEN, SHAK, DNKN, and WMT) • The Consumer Staples Sector continues to have a number of leadership names. (ex. HSY, K, SAFM, VGR, and CHD) • Gold remains a leadership area of the market. (ex. RGLD, and NEM) • REITs and Utilities are increasingly moving as market leadership. (ex. OHI, WELL, LTC, DEA, IRT, EQR, UDR, ADC, EXR, CONE, NSA, AMT, NEE, IDA, DUK, and ES)

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • Homebuilders continue to outperform. (ex. LGIH, CCS, MDC, DHI, MTH, KBH, and KBH) • A few Consumer Discretionary names are attractive. (ex. DECK, AZO, TGT, OLLI, and HIBB.) • The Financial Sector continues to have positively developing technical patterns. (STL, CASH, WRLD, FCFS, NAVI, COF, and RJF)

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 and S&P 600 testing resistance We continue to believe the market is going through a bottoming process. At the same time we acknowledge the market remains at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include 2,810-2,817 on the S&P 500 and the 200-day moving average on the S&P 600 Small Cap index... see charts below. We would welcome some consolidation or a mild pullback which would be a healthy correction of the current extended market conditions. • Relative Strength Rankings (RSR). We are looking to upgrade Materials and do...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

The S&P 500 remains just short of formidable resistance at its 200-day MA. Yet, there are signs of continued breadth improvement. Technology in particular continues to top our Sector RSR rankings, fueled by strengthening price and RS action for semiconductors, semi-suppliers, and numerous Software groups. Last week we upgraded our weighting for Technology and its strength continues to broaden out. In this week's report we highlight a number of actionable Technology stocks across our various Groups.

Intuit Inc: 2 directors sold/sold after exercising options

Two Directors at Intuit Inc sold/sold after exercising options 18,337 shares at between 287.092USD and 291.100USD. The significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is re...

Valens Research

Valens Equity Insights and Inflections - 2020 05 05

IPG currently trades below historical averages relative to Uniform earnings, with a 13.0x Uniform P/E (Fwd V/E'). At these levels, the market is pricing in expectations for Uniform ROA to decline from 31% in 2019 to 20% by 2024, accompanied by 1% Uniform asset shrinkage going forward. Meanwhile, analysts have less bearish expectations, projecting Uniform ROA to only fade to 29% levels through 2021, accompanied by 7% Uniform asset shrinkage. That said, management is confident about their EBITA margin improvements and compelling product offerings. Current valuations appear to be pricing in overl...

Valens Research

INTU - Embedded Expectations Analysis - 2020 05 01

Intuit Inc. (INTU:USA) currently trades near historical highs relative to UAFRS-based (Uniform) earnings, with a 35.6x Uniform P/E, implying bullish expectations for the firm. Furthermore, management is confident about their tax refund and payroll offerings, personalized financial assistance, and Credit Karma acquisition Specifically, management is confident they are focused on helping customers get their largest tax refund, that they introduced a new payroll lineup featuring full-service offerings, and that understanding the difference and availability of lower-cost personal loans versus h...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: Yesterday's rally was quite impressive, however we need to continue to have high yield spreads come down. An expectation of a stimulus bill is in the works and yesterday's action certainly established a primary low. We continue to believe absent a front line therapy and a continuation of a countrywide shutdown. Gold is staging a RS reversal vs the S&P 500.

Valens Research

Valens Equity Insights and Inflections - 2020 01 28

HGV currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 16.6x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 16% in 2018 to 8% in 2023, accompanied by 8% Uniform Asset growth. Meanwhile, analysts have similar expectations, projecting Uniform ROA to fade to 12% by 2020, accompanied by immaterial Uniform Asset shrinkage. Meanwhile, management generated an excitement marker when talking about their data systems, and they are confident about their interest rates and contract sales. Current valuations appe...

Valens Research

INTU - Embedded Expectations Analysis - 2020 01 23

Intuit Inc. (INTU:USA) currently trades near historical highs relative to UAFRS-based (Uniform) Earnings, with a 35.1x Uniform P/E, implying bullish expectations for the firm. Furthermore, management is confident about QuickBooks Online Advance, their small business solutions, and their expansion into France Specifically, management is confident about the potential of QuickBooks Online Advance and about their ability to help small business customers manage capital and pay employees with confidence. In addition, they are confident that time tracking is core to the company and that small busine...

Intuit Inc.: Update to credit analysis following unsecured note sale

Our credit view of Intuit reflects its leading market positions, strong FCF, high margin, and modest leverage while considering its geographic concentration and moderate revenue base.

Moody's assigns A3 to Intuit's proposed sr unsecured notes; outlook remains stable

Rating Action: Moody's assigns A3 to Intuit's proposed sr unsecured notes; outlook remains stable. Global Credit Research- 25 Jun 2020. $2 billion of proposed notes rated.

Moody's announces completion of a periodic review of ratings of Intuit Inc.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Intuit Inc.. Global Credit Research- 20 May 2020. New York, May 20, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Intuit Inc. and other ratings that are associated with the same analytical unit.

Intuit Inc.: Update to credit analysis following the announcement of the acquisition of Credit Karma

Our credit view of Intuit reflects its leading market positions, strong FCF, high margin, and modest leverage while considering its geographic concentration and moderate revenue base.

Moody's affirms Intuit's senior unsecured rating at A3; outlook stable

Rating Action: Moody's affirms Intuit's senior unsecured rating at A3; outlook stable. Global Credit Research- 25 Feb 2020. New York, February 25, 2020-- Moody's Investors Service affirmed Intuit Inc.' s senior unsecured rating at A3.

INTUIT INCO. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of INTUIT INCO. (US), active in the Software industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date April 10, 2020, the closing price was USD 252.10 and its target price was estimated at USD 206.73.

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