Intuit Inc (NASDAQ: INTU) is 4.34% higher on its value in year-to-date trading and has touched a low of $473.56 and a high of $676.62 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 $636.74 in the last trading session, with the day’s gains setting it 15.4%.
Currently trading at $652.14, the stock is 3.45% and 4.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 2.42% at the moment leaves the stock 5.77% off its SMA200. INTU registered 31.17% gain for a year compared to 6-month gain of -0.76%.
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The stock witnessed a -1.03% loss in the last 1 month and extending the period to 3 months gives it a -0.46%, and is 4.16% 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 2.09% over the week and 2.62% over the month.
Intuit Inc (INTU) has around 18200 employees, a market worth around $182.31B and $15.81B in sales. Current P/E ratio is 60.27 and Fwd P/E is 34.15. Profit margin for the company is 19.43%. Distance from 52-week low is 37.71% and -3.62% from its 52-week high. The company has generated returns on investments over the last 12 months (12.20%).
Intuit Inc quarterly earnings per share for the current quarter are estimated at 1.84 with sales reaching $3.08B over the same period.The EPS is expected to grow by 16.79% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 13.60% in year-over-year returns.
2667.0 institutions hold shares in Intuit Inc (INTU), with institutional investors hold 90.53% of the company’s shares. The shares outstanding are 280.42M, and float is at 271.91M with Short Float at 1.25%. Institutions hold 87.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.06 million shares valued at $$16.94 billion. The investor’s holdings represent 9.3063 of the INTU Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 24.08 million shares valued at $$15.66 billion to account for 8.6017 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.83 million shares representing 4.2259 and valued at over $$7.69 billion, while JPMORGAN CHASE & CO holds 3.4695 of the shares totaling 9.71 million with a market value of $$6.31 billion.
Intuit Inc (INTU) Insider Activity
The most recent transaction is an insider sale by Aujla Sandeep, the company’s EVP and CFO. SEC filings show that Aujla Sandeep sold 1,061 shares of the company’s common stock on Jul 03 ’24 at a price of $651.27 per share for a total of $0.69 million. Following the sale, the insider now owns 3333.0 shares.
Intuit Inc disclosed in a document filed with the SEC on Jul 02 ’24 that Notarainni Mark P. (EVP, Consumer Group) sold a total of 965 shares of the company’s common stock. The trade occurred on Jul 02 ’24 and was made at $651.00 per share for $0.63 million. Following the transaction, the insider now directly holds 1020.0 shares of the INTU stock.
Still, SEC filings show that on Jul 03 ’24, Notarainni Mark P. (EVP, Consumer Group) disposed off 466 shares at an average price of $651.27 for $0.3 million. The insider now directly holds 554 shares of Intuit Inc (INTU).
