Intuit Inc (INTU) Review – Making Smarter Decisions

Intuit Inc (NASDAQ: INTU) is 4.49% higher on its value in year-to-date trading and has touched a low of $384.05 and a high of $654.02 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 $643.17 in the last trading session, with the day’s gains setting it 9.9%.

Currently trading at $653.07, the stock is 3.87% and 7.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 1.54% at the moment leaves the stock 25.90% off its SMA200. INTU registered 52.70% gain for a year compared to 6-month gain of 31.48%. The firm has a 50-day simple moving average (SMA 50) of $12.68 and a 200-day simple moving average (SMA200) of $43.72.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a 7.91% loss in the last 1 month and extending the period to 3 months gives it a 27.08%, and is 3.19% up 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 2.06% over the week and 1.81% over the month.

Intuit Inc (INTU) has around 18200 employees, a market worth around $182.82B and $14.75B in sales. Current P/E ratio is 71.48 and Fwd P/E is 34.47. Profit margin for the company is 17.53%. Distance from 52-week low is 70.05% and -0.15% from its 52-week high. The company has generated returns on investments over the last 12 months (11.07%).

Intuit Inc quarterly earnings per share for the current quarter are estimated at $2.3 with sales reaching $3.39B over the same period.The EPS is expected to grow by 13.89% this year, but quarterly earnings will post 11.70% year-over-year.

2,484 institutions hold shares in Intuit Inc (INTU), with institutional investors hold 88.84% of the company’s shares. The shares outstanding are 280.42M, and float is at 271.91M with Short Float at 1.39%. Institutions hold 86.29% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 25.21 million shares valued at $11.55 billion. The investor’s holdings represent 9.00% of the INTU Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 23.22 million shares valued at $10.64 billion to account for 8.28% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 13.81 million shares representing 4.93% and valued at over $6.33 billion, while State Street Corporation holds 4.03% of the shares totaling 11.3 million with a market value of $5.18 billion.

Intuit Inc (INTU) Insider Activity

A total of 130 insider transactions have happened at Intuit Inc (INTU) in the last six months, with sales accounting for 72 and purchases happening 58 times. The most recent transaction is an insider sale by Balazs Alex G., the company’s EVP, Chief Technology Officer. SEC filings show that Balazs Alex G. sold 3,964 shares of the company’s common stock on Jan 09 at a price of $599.68 per share for a total of $2.38 million. Following the sale, the insider now owns 225.0 shares.

Intuit Inc disclosed in a document filed with the SEC on Jan 08 that FENNELL LAURA A (EVP, People and Places) sold a total of 14,772 shares of the company’s common stock. The trade occurred on Jan 08 and was made at $598.52 per share for $8.84 million. Following the transaction, the insider now directly holds 50030.0 shares of the INTU stock.

Still, SEC filings show that on Jan 05, FENNELL LAURA A (EVP, People and Places) disposed off 14,771 shares at an average price of $589.60 for $8.71 million. The insider now directly holds 50,030 shares of Intuit Inc (INTU).

Intuit Inc (INTU): Who are the competitors?

One of the company’s main competitors (and peers) include Adobe Inc. (ADBE) that is trading 66.00% up over the past 12 months.Paychex Inc. (PAYX) lies in the list of competitors of the Intuit Inc and is 7.47% higher over the same period from INTUOracle Corp. (ORCL) is 33.90% up on the 1-year trading charts.