A look into Intuit Inc. (INTU)’s deeper side

Intuit Inc. (NASDAQ: INTU) stock fell -2.19% on Friday to $408.68 against a previous-day closing price of $417.82. With 1.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $427.91 whereas the lowest price it dropped to was $408.51. The 52-week range on INTU shows that it touched its highest point at $716.86 and its lowest point at $339.36 during that stretch. It currently has a 1-year price target of $549.61. With its current market cap of 114.95 billion, INTU has annualized dividend of $3.12 while the current yield stands at 0.76%. Beta for the stock currently stands at 1.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INTU was down-trending over the past week, with a drop of -6.45%, but this was down by -8.39% over a month. Three-month performance surged to 7.31% while six-month performance fell -14.14%. The stock lost -26.40% in the past year, while it has lost -36.46% so far this year. A look at the trailing 12-month EPS for INTU yields 7.25 with Next year EPS estimates of 15.99. For the next quarter, that number is 1.23. This implies an EPS growth rate of -3.70% for this year and 15.98% for next year. EPS is expected to grow by 17.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.00%.

Float and Shares Shorts:

At present, 283.00 million INTU shares are outstanding with a float of 273.91 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.56 million, which was 0.91% higher than short shares on Jun 14, 2022. In addition to Mr. Sasan K. Goodarzi as the firm’s CEO, Pres & Director, Mr. Scott D. Cook serves as its Founder & Director.

Institutional Ownership:

Through their ownership of 87.03% of INTU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.86% of INTU, in contrast to 35.76% held by mutual funds. Shares owned by individuals account for 3.90%. As the largest shareholder in INTU with 8.21% of the stake, The Vanguard Group, Inc. holds 23,203,823 shares worth 23,203,823. A second-largest stockholder of INTU, T. Rowe Price Associates, Inc., holds 17,749,565 shares, controlling over 6.28% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in INTU, holding 13,653,519 shares or 4.83% stake. With a 2.81% stake in INTU, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 7,935,275 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.23% of INTU stock, is the second-largest Mutual Fund holder. It holds 6,311,690 shares valued at 2.73 billion. Invesco QQQ Trust holds 1.44% of the stake in INTU, owning 4,062,190 shares worth 1.75 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INTU since 25 analysts follow the stock currently. There are 17 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 3 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With INTU analysts setting a high price target of $650.00 and a low target of $410.00, the average target price over the next 12 months is $542.85. Based on these targets, INTU could surge 59.05% to reach the target high and rise by 0.32% to reach the target low. Reaching the average price target will result in a growth of 32.83% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. INTU will report FY 2023 earnings on 08/22/2023. Analysts have provided yearly estimates in a range of $14.26 being high and $12.89 being low. For INTU, this leads to a yearly average estimate of $13.74. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Intuit Inc. surprised analysts by $0.12 when it reported $1.10 EPS against a consensus estimate of $0.98. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is $1.75 and the low estimate is $1.14. The average estimate for the next quarter is thus $1.22.

Dividends & Yield:

In terms of dividends, INTU has a current ratio of $3.12, which is $3.12 over the trailing 12-months, while a dividend of $2.0 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and INTU currently yields $0.67. In the past year, INTU’s dividend yield has been $0.67, but when looking at the stock over the past five years, its yield has been $0.68. Accordingly, INTU has a current buyback yield of $1.62. This was $1.62 for the TTM, and it was $0.86 for the past five years.

Summary of Insider Activity:

Insiders traded INTU stock several times over the past three months with 58 Buys and 22 Sells. In these transactions, 27,106 shares were bought while 23,427 shares were sold. The number of buy transactions has increased to 185 while that of sell transactions has risen to 102 over the past year. The total number of shares bought during that period was 180,709 while 214,178 shares were sold.

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