Intuit Inc (NASDAQ: INTU) is -1.88% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INTU stock was last observed hovering at around $609.23 in the last trading session, with the day’s gains setting it 4.06%.
Currently trading at $613.29, the stock is -0.76% and -2.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.67% at the moment leaves the stock -2.84% off its SMA200. INTU registered 16.28% gain for a year compared to 6-month gain of 1.34%. The firm has a 50-day simple moving average (SMA 50) of $630.397 and a 200-day simple moving average (SMA200) of $631.20557.
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The stock witnessed a -6.26% loss in the last 1 month and extending the period to 3 months gives it a -4.85%, and is -0.55% 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 1.71% over the week and 1.69% over the month.
Intuit Inc (INTU) has around 18800 employees, a market worth around $171.90B and $16.29B in sales. Current P/E ratio is 58.77 and Fwd P/E is 27.61. Profit margin for the company is 18.19%. Distance from 52-week low is 29.51% and -9.36% from its 52-week high. The company has generated returns on investments over the last 12 months (12.13%).
The EPS is expected to grow by 14.16% this year.
Intuit Inc (INTU) Top Institutional Holders
2660.0 institutions hold shares in Intuit Inc (INTU), with institutional investors hold 90.16% of the company’s shares. The shares outstanding are 280.27M, and float is at 273.32M with Short Float at 1.09%. Institutions hold 87.56% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.49 million shares valued at $17.41 billion. The investor’s holdings represent 9.4591% of the INTU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 24.39 million shares valued at $16.03 billion to account for 8.7103 of the shares outstanding. The other top investors are STATE STREET CORP which holds 12.1 million shares representing 4.3197% and valued at over $7.95 billion, while JPMORGAN CHASE & CO holds 3.5372 of the shares totaling 9.9 million with a market value of $6.51 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 4,000 shares of the company’s common stock on Oct 10 ’24 at a price of $617.28 per share for a total of $2.47 million. Following the sale, the insider now owns 452.0 shares.
Still, SEC filings show that on Oct 03 ’24, Aujla Sandeep (EVP and CFO) disposed off 775 shares at an average price of $601.31 for $0.47 million. The insider now directly holds 4,451 shares of Intuit Inc (INTU).
