Is Intuit Inc. (INTU)’s Fuel Running Low? The Stock Reaches 52-Week High Today

January 22, 2018 - By Migdalia James

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.04, from 0.96 in 2017Q2. It dropped, as 33 investors sold Intuit Inc. shares while 249 reduced holdings. 66 funds opened positions while 193 raised stakes. 215.12 million shares or 0.10% less from 215.33 million shares in 2017Q2 were reported.
Polaris Greystone Group owns 0.04% invested in Intuit Inc. (NASDAQ:INTU) for 3,201 shares. Osborne Prtn Ltd Liability Corp invested 0.29% of its portfolio in Intuit Inc. (NASDAQ:INTU). North Carolina-based Sterling Capital Management Limited Co has invested 0.7% in Intuit Inc. (NASDAQ:INTU). Arrowstreet Capital Ltd Partnership has 1.3% invested in Intuit Inc. (NASDAQ:INTU) for 3.43 million shares. Next Century Growth Lc accumulated 21,219 shares. Aperio Group Inc Ltd has 191,006 shares for 0.15% of their portfolio. Rhumbline Advisers reported 420,907 shares or 0.13% of all its holdings. Amica Retiree Tru, Rhode Island-based fund reported 2,018 shares. Nomura Inc holds 13,408 shares or 0% of its portfolio. Parthenon Ltd Limited Liability Company holds 0.06% or 1,700 shares in its portfolio. Morgan Stanley owns 2.55M shares. 410 are held by Wolverine Asset Mgmt Ltd Limited Liability Company. Grantham Mayo Van Otterloo & Ltd Liability Company holds 0.06% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 72,900 shares. Hsbc Public Limited Co accumulated 374,837 shares. Tower Rech Lc (Trc) holds 0.02% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 1,599 shares.

Since August 24, 2017, it had 0 insider buys, and 15 insider sales for $155.18 million activity. Shares for $26.62M were sold by COOK SCOTT D. On Thursday, September 7 the insider Wernikoff Daniel A sold $2.18M. Goodarzi Sasan K had sold 16,207 shares worth $2.29 million on Tuesday, September 12. Williams R Neil had sold 184,585 shares worth $26.05 million. Another trade for 1,868 shares valued at $265,839 was sold by FLOURNOY MARK J.

The stock of Intuit Inc. (NASDAQ:INTU) hit a new 52-week high and has $183.72 target or 9.00 % above today’s $168.55 share price. The 5 months bullish chart indicates low risk for the $43.09B company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $183.72 price target is reached, the company will be worth $3.88 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.48% or $0.807 during the last trading session, reaching $168.548. About 232,840 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since January 22, 2017 and is uptrending. It has outperformed by 6.92% the S&P500.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on February, 22. They expect $0.09 earnings per share, up 28.57 % or $0.02 from last year’s $0.07 per share. INTU’s profit will be $23.01 million for 468.19 P/E if the $0.09 EPS becomes a reality. After $-0.14 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -164.29 % EPS growth.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Among 23 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 12 Hold. Therefore 39% are positive. Intuit had 79 analyst reports since August 10, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Thursday, September 28 report. The stock has “Hold” rating by Stifel Nicolaus on Friday, July 21. The stock has “Overweight” rating by Barclays Capital on Thursday, September 10. The stock has “Underweight” rating by Morgan Stanley on Tuesday, September 13. The company was initiated on Monday, May 23 by Goldman Sachs. The stock of Intuit Inc. (NASDAQ:INTU) earned “Hold” rating by RBC Capital Markets on Tuesday, August 22. The firm has “Sector Perform” rating given on Wednesday, August 24 by RBC Capital Markets. The firm earned “Buy” rating on Tuesday, January 9 by Credit Suisse. The company was initiated on Tuesday, September 19 by William Blair. The firm earned “Buy” rating on Saturday, August 22 by Raymond James.

More important recent Intuit Inc. (NASDAQ:INTU) news were published by: Seekingalpha.com which released: “Another Double-Digit Dividend Growth Tech Name On My Radar” on January 11, 2018, also Streetinsider.com published article titled: “Form 3 INTUIT INC For: Jan 18 Filed by: SZKUTAK THOMAS J”, Nasdaq.com published: “Intuit Inc. (INTU) Ex-Dividend Date Scheduled for January 09, 2018” on January 08, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) was released by: Businesswire.com and their article: “Intuit QuickBooks Makes Tax Time Easier for Small Businesses and the Self-Employed” with publication date: January 17, 2018.

Intuit Inc. provides financial management and compliance services and products for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. The company has market cap of $43.09 billion. The companyÂ’s Small Business segment provides small business payroll services and products, including QuickBooks Desktop software products, such as Desktop Pro, Desktop for Mac, Desktop Premier, and Enterprise; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program memberships for accounting professionals; and financial supplies. It has a 44.62 P/E ratio. This segment also offers QuickBooks Online, and QuickBooks Self-Employed financial and business management offerings; QuickBooks Enterprise term licenses and QuickBooks technical support plans; small business payroll services, including QuickBooks Online Payroll, Intuit Online Payroll, QuickBooks Assisted Payroll, and Intuit Full Service Payroll; and payment processing services for small businesses.

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