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Intuit Inc Q1 2019 Institutional Investor Sentiment Higher Than Anticipated – jj
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Intuit Inc Q1 2019 Institutional Investor Sentiment Higher Than Anticipated

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Intuit Inc. (NASDAQ:INTU) Logo

Sentiment for Intuit Inc (NASDAQ:INTU)

Intuit Inc (NASDAQ:INTU) institutional sentiment increased to 1.02 in Q1 2019. Its up 0.04, from 0.98 in 2018Q4. The ratio is better, as 318 funds increased or started new positions, while 312 decreased and sold stakes in Intuit Inc. The funds in our partner’s database now possess: 221.14 million shares, down from 238.18 million shares in 2018Q4. Also, the number of funds holding Intuit Inc in their top 10 positions increased from 24 to 27 for an increase of 3. Sold All: 37 Reduced: 275 Increased: 219 New Position: 99.

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 $72.89 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 51.33 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.

The stock increased 0.66% or $1.83 during the last trading session, reaching $281.15. About 669,958 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 26.25% since July 22, 2018 and is uptrending. It has outperformed by 21.82% the S&P500.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on August, 22. They expect $-0.46 earnings per share, down 1,250.00 % or $0.50 from last year’s $0.04 per share. After $5.26 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -108.75 % negative EPS growth.

Lindsell Train Ltd holds 11.1% of its portfolio in Intuit Inc. for 2.19 million shares. Cypress Funds Llc owns 170,000 shares or 7.05% of their US portfolio. Moreover, Fundsmith Llp has 6.66% invested in the company for 4.48 million shares. The Texas-based Hwg Holdings Lp has invested 6.58% in the stock. Account Management Llc, a Massachusetts-based fund reported 25,449 shares.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Ratings analysis reveals 50% of Intuit’s analysts are positive. Out of 12 Wall Street analysts rating Intuit, 6 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $212 while the high is $285. The stock’s average target of $251.58 is -10.52% below today’s ($281.15) share price. INTU was included in 22 notes of analysts from February 1, 2019. The firm earned “Hold” rating on Thursday, February 21 by Credit Suisse. The stock of Intuit Inc. (NASDAQ:INTU) earned “Neutral” rating by Goldman Sachs on Friday, February 1. Oppenheimer maintained the shares of INTU in report on Friday, February 22 with “Buy” rating. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, February 22 report. The firm earned “Equal-Weight” rating on Monday, March 25 by Morgan Stanley. RBC Capital Markets maintained the shares of INTU in report on Friday, February 22 with “Buy” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, February 4. On Friday, April 26 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by Citigroup with “Hold” on Friday, February 22. The rating was maintained by Stifel Nicolaus on Friday, May 24 with “Buy”.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Nasdaq.com which released: “4 GARP Stocks to Scoop Up for Maximum Returns – Nasdaq” on June 24, 2019, also Nasdaq.com with their article: “Why Intuit Stock Gained 33% in the First Half of 2019 – Nasdaq” published on July 15, 2019, Nasdaq.com published: “Zacks.com featured highlights include: Caseys, Lithia Motors, Lockheed, TeleTech and Intuit – Nasdaq” on June 27, 2019. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Nasdaq.com and their article: “Intuit (INTU) Q3 Earnings and Revenues Top Estimates, Up Y/Y – Nasdaq” published on May 24, 2019 as well as Seekingalpha.com‘s news article titled: “Insider Weekends: Brother-Sister Duo Purchase Shares Of First Citizens BancShares – Seeking Alpha” with publication date: June 24, 2019.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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