Intuit Inc (NASDAQ: INTU) is -4.29% lower on its value in year-to-date trading and has touched a low of $557.29 and a high of $714.78 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 $604.60 in the last trading session, with the day’s loss setting it -3.09%.
Currently trading at $601.51, the stock is -1.69% and -5.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -0.51% at the moment leaves the stock -4.63% off its SMA200. INTU registered -7.13% loss for a year compared to 6-month loss of -7.08%. The firm has a 50-day simple moving average (SMA 50) of $633.9962 and a 200-day simple moving average (SMA200) of $630.68317.
The stock witnessed a -4.57% gain in the last 1 month and extending the period to 3 months gives it a -3.56%, and is 0.60% 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 2.64% over the week and 2.15% over the month.
Intuit Inc (INTU) has around 18800 employees, a market worth around $168.37B and $16.59B in sales. Current P/E ratio is 58.51 and Fwd P/E is 27.26. Profit margin for the company is 17.59%. Distance from 52-week low is 7.93% and -15.85% from its 52-week high. The company has generated returns on investments over the last 12 months (11.99%).
with sales reaching $3.83B over the same period.The EPS is expected to grow by 13.86% this year, but quarterly earnings will post 12.27% year-over-year. Quarterly sales are estimated to grow 13.04% in year-over-year returns.
Intuit Inc (INTU) Top Institutional Holders
2684.0 institutions hold shares in Intuit Inc (INTU), with institutional investors hold 89.35% of the company’s shares. The shares outstanding are 280.12M, and float is at 273.14M with Short Float at 1.49%. Institutions hold 86.77% 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 3.5493 of the shares totaling 9.94 million with a market value of $6.53 billion.
Intuit Inc (INTU) Insider Activity
The most recent transaction is an insider sale by Hotz Lauren D, the company’s SVP, Chief Accounting Officer. SEC filings show that Hotz Lauren D sold 1,078 shares of the company’s common stock on Jan 10 ’25 at a price of $619.28 per share for a total of $0.67 million. Following the sale, the insider now owns 1864.0 shares.
Still, SEC filings show that on Jan 08 ’25, Aujla Sandeep (EVP and CFO) disposed off 1,300 shares at an average price of $626.42 for $0.81 million. The insider now directly holds 644 shares of Intuit Inc (INTU).
