1,666 institutions hold shares in Intuit Inc. (INTU), with 7.7M shares held by insiders accounting for 2.93% while institutional investors hold 90.98% of the company’s shares. The shares outstanding are 263.00M, and float is at 255.03M with Short Float at 0.75%. Institutions hold 88.31% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 21.68 million shares valued at $8.24 billion. The investor’s holdings represent 8.25% of the INTU Shares outstanding. As of Dec 30, 2020, the second largest holder is Price (T.Rowe) Associates Inc with 21.56 million shares valued at $8.19 billion to account for 8.21% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 20.56 million shares representing 7.82% and valued at over $7.81 billion, while State Street Corporation holds 4.04% of the shares totaling 10.62 million with a market value of $4.03 billion.
Intuit Inc. (NASDAQ: INTU) is 5.07% higher on its value in year-to-date trading and has touched a low of $187.68 and a high of $423.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INTU stock was last observed hovering at around $401.55 in the last trading session, with the day’s loss setting it -2.46% off its average median price target of $438.00 for the next 12 months. It is also 20.18% off the consensus price target high of $500.00 offered by 24 analysts, but current levels are -28.74% lower than the price target low of $310.00 for the same period.
Currently trading at $399.09, the stock is 1.92% and 4.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -0.61% at the moment leaves the stock 20.13% off its SMA200. INTU registered 39.33% gain for a year compared to 6-month gain of 23.85%. The firm has a 50-day simple moving average (SMA 50) of $384.08 and a 200-day simple moving average (SMA200) of $351.21.
The stock witnessed a 6.47% loss in the last 1 month and extending the period to 3 months gives it a 10.42%, and is -5.49% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 2.61% over the month.
Intuit Inc. (INTU) has around 10600 employees, a market worth around $105.89B and $7.84B in sales. Current P/E ratio is 53.58 and Fwd P/E is 41.04. Profit margin for the company is 25.10%. Distance from 52-week low is 112.65% and -5.82% from its 52-week high. The company has generated returns on investments over the last 12 months (21.30%).
Intuit Inc. (INTU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Intuit Inc. (INTU) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 1 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Intuit Inc. is expected to release its quarterly report on 05/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.91 with sales reaching $1.75B over the same period.The EPS is expected to grow by 17.30% this year, but quarterly earnings will post 16.20% year-over-year. Quarterly sales are estimated to grow 3.20% in year-over-year returns.
Intuit Inc. (INTU) Insider Activity
A total of 179 insider transactions have happened at Intuit Inc. (INTU) in the last six months, with sales accounting for 91 and purchases happening 88 times. The most recent transaction is an insider sale by Chriss James Alexander, the company’s EVP, SBSEG. SEC filings show that Chriss James Alexander sold 298 shares of the company’s common stock on Jan 04 at a price of $379.23 per share for a total of $0.11 million. Following the sale, the insider now owns 221.0 shares.
Intuit Inc. disclosed in a document filed with the SEC on Jan 04 that Clatterbuck Michelle M (EVP and CFO) sold a total of 412 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $379.23 per share for $0.16 million. Following the transaction, the insider now directly holds 546.0 shares of the INTU stock.
Still, SEC filings show that on Dec 29, McLean Kerry J (EVP, Gen. Counsel & Corp. Sec.) disposed off 4,093 shares at an average price of $378.56 for $1.55 million. The insider now directly holds 2,558 shares of Intuit Inc. (INTU).
Intuit Inc. (INTU): Who are the competitors?
The company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading 30.89% up over the past 12 months. Oracle Corporation (ORCL) is 22.51% up on the 1-year trading charts. Short interest in the company’s stock has fallen -5.79% from the last report on Dec 30, 2020 to stand at a total of 2.01 million short shares sold with a short interest ratio of 1.43.