November 25, 2016 - By Peter Erickson · 0 Comments
Intuit Inc (NASDAQ:INTU) institutional sentiment decreased to 0.86 in Q2 2016. Its down -0.18, from 1.04 in 2016Q1. The ratio fall, as 264 investment professionals started new and increased equity positions, while 255 reduced and sold their stakes in Intuit Inc. The investment professionals in our partner’s database now own: 218.24 million shares, down from 229.37 million shares in 2016Q1. Also, the number of investment professionals holding Intuit Inc in their top 10 equity positions increased from 12 to 17 for an increase of 5. Sold All: 34 Reduced: 221 Increased: 206 New Position: 58.
Intuit Inc. is a provider of business and financial management solutions for small businesses, clients and accounting professionals. The company has a market cap of $29.61 billion. The Firm operates through three divisions: Small Business, Consumer Tax and ProConnect. It has a 37.44 P/E ratio. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.
About 340,403 shares traded hands. Intuit Inc. (NASDAQ:INTU) has risen 13.18% since April 22, 2016 and is uptrending. It has outperformed by 7.77% the S&P500.
Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on February, 23. They expect $0.14 EPS, up 7.69% or $0.01 from last year’s $0.13 per share. INTU’s profit will be $35.74 million for 207.14 P/E if the $0.14 EPS becomes a reality. After $-0.11 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -227.27% EPS growth.
According to Zacks Investment Research, “Intuit’s mission is to revolutionize how people manage their financial activities. The company’s objective is to greatly expand the world of electronic finance. Electronic finance encompasses three types of products and services: desktop software products that operate on customers’ personal computers to automate financial tasks; products and services that are delivered via the Internet; and products and services that connect Internet-based services with desktop software to enable customers to integrate their financial activities.”
Lindsell Train Ltd holds 11.42% of its portfolio in Intuit Inc. for 1.88 million shares. Taube Hodson Stonex Partners Llp owns 490,035 shares or 11.21% of their US portfolio. Moreover, Disciplined Growth Investors Inc Mn has 4.33% invested in the company for 1.54 million shares. The California-based Mar Vista Investment Partners Llc has invested 3.82% in the stock. Eagle Capital Management Llc, a Alabama-based fund reported 29,749 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 12 sales for $15.65 million net activity.
Ratings analysis reveals 44% of Intuit’s analysts are positive. Out of 16 Wall Street analysts rating Intuit, 7 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $86 while the high is $135. The stock’s average target of $115.69 is -0.27% below today’s ($116) share price. INTU was included in 49 notes of analysts from August 10, 2015. The stock has “Underweight” rating given by Morgan Stanley on Tuesday, September 13. RBC Capital Markets maintained Intuit Inc. (NASDAQ:INTU) on Wednesday, August 26 with “Hold” rating. The firm earned “Equal-Weight” rating on Friday, July 15 by Barclays Capital. Brean Capital initiated the stock with “Buy” rating in Thursday, April 14 report. The firm earned “Outperform” rating on Friday, September 18 by Oppenheimer. The stock of Intuit Inc. (NASDAQ:INTU) earned “Hold” rating by Zacks on Tuesday, August 25. As per Saturday, August 22, the company rating was downgraded by TheStreet. Citigroup maintained the stock with “Buy” rating in Wednesday, August 24 report. Wedbush maintained the stock with “Neutral” rating in Friday, November 20 report. On Thursday, September 10 the stock rating was upgraded by Barclays Capital to “Overweight”.
Intuit Inc., incorporated on February 1, 1993, is a well-known provider of business and financial management solutions for small businesses, clients and accounting professionals. The Firm operates through three divisions: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions. The Small Business segment also includes third-party applications that integrate with the Company’s offerings. The Consumer Tax segment targets clients and includes TurboTax income tax preparation services and products. The ProConnect segment targets professional accountants in the United States and Canada. The Company’s ProConnect professional tax offerings include Lacerte, ProSeries, ProFile and ProConnect Tax Online.
More news for Intuit Inc. (NASDAQ:INTU) were recently published by: Rttnews.com, which released: “Intuit Inc. Bottom Line Drops 38% In Q1” on November 17, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Intuit Inc., 60.0% Follow-Through Indicator, 4.1 …” and published on November 17, 2016 is yet another important article.
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By Peter Erickson