Investors in cash trouble should check out Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU) stock fell -0.68% on Thursday to $413.10 against a previous-day closing price of $415.92. With 4.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.72 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $421.00 whereas the lowest price it dropped to was $407.54. The 52-week range on INTU shows that it touched its highest point at $490.83 and its lowest point at $352.63 during that stretch. It currently has a 1-year price target of $487.58. With its current market cap of 116.32 billion, INTU has annualized dividend of $3.12 while the current yield stands at 0.76%. Beta for the stock currently stands at 1.17.

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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 -7.72%, but this was down by -0.15% over a month. Three-month performance dropped to -1.60% while six-month performance rose 5.32%. The stock gained 15.08% in the past year, while it has gained 6.14% so far this year. A look at the trailing 12-month EPS for INTU yields 6.81 with Next year EPS estimates of 15.61. For the next quarter, that number is 1.51. This implies an EPS growth rate of -3.70% for this year and 12.87% for next year. EPS is expected to grow by 14.66% 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, 281.00 million INTU shares are outstanding with a float of 272.91 million shares on hand for trading. On May 14, 2023, short shares totaled 3.54 million, which was 1.26% higher than short shares on Apr 13, 2023. 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 87.28% of INTU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.77% of INTU, in contrast to 34.96% held by mutual funds. Shares owned by individuals account for 3.94%. As the largest shareholder in INTU with 8.46% of the stake, The Vanguard Group, Inc. holds 23,727,509 shares worth 23,727,509. A second-largest stockholder of INTU, T. Rowe Price Associates, Inc., holds 15,101,495 shares, controlling over 5.38% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in INTU, holding 13,559,371 shares or 4.83% stake. With a 2.95% stake in INTU, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,281,606 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of INTU stock, is the second-largest Mutual Fund holder. It holds 6,593,747 shares valued at 2.93 billion. Invesco QQQ Trust holds 1.33% of the stake in INTU, owning 3,719,520 shares worth 1.65 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Apr 29, 2023, INTU reported revenue of $5.63B and operating income of $2.40B. The EBITDA in the recently reported quarter was $2.60B and diluted EPS was $6.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INTU since 0 analysts follow the stock currently. 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 $565.00 and a low target of $340.00, the average target price over the next 12 months is $483.84. Based on these targets, INTU could surge 36.77% to reach the target high and fall by -17.7% to reach the target low. Reaching the average price target will result in a growth of 17.12% 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.

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 $2.19 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 $0.73. In the past year, INTU’s dividend yield has been $0.73, but when looking at the stock over the past five years, its yield has been $0.65. Accordingly, INTU has a current buyback yield of $1.74. This was $1.74 for the TTM, and it was $0.84 for the past five years.

Summary of Insider Activity:

Insiders traded INTU stock several times over the past three months with 29 Buys and 14 Sells. In these transactions, 10,110 shares were bought while 10,808 shares were sold. The number of buy transactions has increased to 203 while that of sell transactions has risen to 109 over the past year. The total number of shares bought during that period was 246,217 while 171,995 shares were sold.

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