Can Intuit Inc (NASDAQ:INTU)’s Tomorrow Be Different? The Stock Had Decline in Shorts

Intuit Inc. (NASDAQ:INTU) Logo

Investors sentiment increased to 1.27 in Q2 2019. Its up 0.25, from 1.02 in 2019Q1. It improved, as 35 investors sold Intuit Inc. shares while 243 reduced holdings. 93 funds opened positions while 260 raised stakes. 219.23 million shares or 0.86% less from 221.14 million shares in 2019Q1 were reported.
2,534 were accumulated by Prelude Capital Management Limited Liability. Private Trust Na accumulated 1,934 shares. Weatherly Asset Mngmt L P invested in 0.13% or 2,542 shares. Oakbrook Invests Ltd Liability holds 0.25% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 16,075 shares. Everence Cap Mgmt invested 0.28% in Intuit Inc. (NASDAQ:INTU). Pensionfund Dsm Netherlands stated it has 12,725 shares or 0.6% of all its holdings. Nichols And Pratt Advisers Llp Ma owns 43,423 shares or 0.93% of their US portfolio. Patten And Patten Tn has 0.83% invested in Intuit Inc. (NASDAQ:INTU) for 29,526 shares. 1,648 were accumulated by Baldwin Brothers Ma. 13,084 were accumulated by Redmond Asset Limited Liability Company. Gotham Asset Management Limited Company has 0.74% invested in Intuit Inc. (NASDAQ:INTU) for 177,339 shares. Employees Retirement Of Texas has invested 0.17% in Intuit Inc. (NASDAQ:INTU). Martingale Asset Mngmt L P reported 0.82% in Intuit Inc. (NASDAQ:INTU). Castleark Management Limited Com holds 1.1% or 109,505 shares. Citadel Advsrs owns 118,725 shares or 0.01% of their US portfolio.

The stock of Intuit Inc (NASDAQ:INTU) registered a decrease of 15.93% in short interest. INTU’s total short interest was 3.05 million shares in September as published by FINRA. Its down 15.93% from 3.62 million shares, reported previously. With 1.43M shares average volume, it will take short sellers 2 days to cover their INTU’s short positions. The short interest to Intuit Inc’s float is 1.22%.

The stock decreased 0.82% or $2.21 during the last trading session, reaching $266.04. About 679,188 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 36.82% since September 13, 2018 and is uptrending. It has outperformed by 36.82% the S&P500.

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 $69.19 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 45.17 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.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Among 8 analysts covering Intuit (NASDAQ:INTU), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Intuit has $31500 highest and $23900 lowest target. $292.63’s average target is 9.99% above currents $266.04 stock price. Intuit had 19 analyst reports since March 25, 2019 according to SRatingsIntel. On Friday, May 24 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Neutral” rating given on Friday, August 23 by UBS. Morgan Stanley maintained it with “Equal-Weight” rating and $245 target in Monday, March 25 report. The firm earned “Overweight” rating on Friday, August 23 by KeyBanc Capital Markets. Morgan Stanley maintained Intuit Inc. (NASDAQ:INTU) rating on Thursday, May 16. Morgan Stanley has “Equal-Weight” rating and $23900 target. On Friday, August 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Intuit Inc. (NASDAQ:INTU) has “Outperform” rating given on Friday, August 23 by Credit Suisse. Deutsche Bank maintained Intuit Inc. (NASDAQ:INTU) rating on Friday, August 23. Deutsche Bank has “Buy” rating and $31500 target. Citigroup maintained the shares of INTU in report on Friday, August 23 with “Neutral” rating. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Friday, April 26 report.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Nasdaq.com which released: “Technology Sector Update for 08/23/2019: CRM,VMW,PVTL,CBLK,INTU,HPQ – Nasdaq” on August 23, 2019, also Benzinga.com with their article: “Earnings Scheduled For August 22, 2019 – Benzinga” published on August 22, 2019, Finance.Yahoo.com published: “At US$288, Is Intuit Inc. (NASDAQ:INTU) Worth Looking At Closely? – Yahoo Finance” on September 01, 2019. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Nasdaq.com and their article: “Intuit (INTU) is an Incredible Growth Stock: 3 Reasons Why – Nasdaq” published on June 13, 2019 as well as Nasdaq.com‘s news article titled: “4 Reasons to Like Okta Stock Ahead Of Tomorrow’s Earnings Report – Nasdaq” with publication date: August 27, 2019.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.