Intuit’s Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions, comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions.
This segment also offers payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms. And it also offers payment-processing solutions, including credit and debit cards, and ACH payment services, as well as financial supplies and financing for small businesses.
The Consumer segment provides TurboTax income tax preparation products and services, as well as personal finance. The Credit Karma segment offers consumers a personal finance platform that provides personalized recommendations of home, auto and personal loans, as well as credit cards and insurance products.
The ProConnect segment provides Lacerte, ProSeries and ProFile desktop tax-preparation software products and ProConnect Tax Online tax products, electronic tax filing service and bank products and related services.
The company sells products and services through various sales and distribution channels, including multichannel shop-and-buy experiences, websites and call centers, mobile application stores, and retail and other channels.
Shareholders now receive a dividend of 0.63%. The $0.78 per share payout is expected to rise to $0.88. Mizuho’s $550 target price is well above the $504.32 consensus target. Friday’s closing share price was $497.77.
Virtus Investment Partners
This money manager could be a great idea for investors looking to add a financial idea that is not a bank or major brokerage firm. Virtus Investment Partners Inc. (NASDAQ: VRTS) is a publicly owned investment manager that primarily provides its services to individual and institutional clients. It launches separate client-focused equity and fixed-income portfolios, as well as equity, fixed-income and balanced mutual funds for its clients.
The company invests in the public equity, fixed-income and real estate markets. The firm also invests in exchange-traded funds. It employs a multi-manager approach for its products and quantitative analysis to make its investments. It benchmarks the performance of its portfolios against the S&P 500 Index. The firm conducts in-house research to make its investments.
The current yield is 3.09%, but the dividend is expected to increase to $1.80 per share from $1.65. The Piper Sandler price target is $260. The consensus target is just $216.50, and Friday’s close was at $200.46
These three top stocks are rated Buy across Wall Street, and the companies are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.
Originally published at 24/7 Wall St.
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