Is Intuit Inc (NASDAQ:INTU) Going to Burn These Institutional Investors?

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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 improved, as 318 funds increased or started new equity positions, while 312 reduced and sold their positions in Intuit Inc. The funds in our partner’s database now own: 221.14 million shares, down from 238.18 million shares in 2018Q4. Also, the number of funds holding Intuit Inc in their top 10 equity 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 $67.66 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 47.65 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 0.18% or $0.47 during the last trading session, reaching $260.99. About 106,106 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 26.25% since June 11, 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.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $689,649 activity.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Ratings analysis reveals 46% of Intuit’s analysts are positive. Out of 13 Wall Street analysts rating Intuit, 6 give it “Buy”, 1 “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 -3.61% below today’s ($260.99) share price. INTU was included in 24 notes of analysts from December 13, 2018. The firm earned “Neutral” rating on Friday, May 24 by UBS. The firm earned “Buy” rating on Friday, February 22 by Oppenheimer. As per Thursday, February 21, the company rating was maintained by Credit Suisse. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, April 2 report. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, May 24. Morgan Stanley maintained the shares of INTU in report on Thursday, May 16 with “Equal-Weight” rating. KeyBanc Capital Markets maintained the shares of INTU in report on Friday, April 26 with “Overweight” rating. JP Morgan downgraded Intuit Inc. (NASDAQ:INTU) on Thursday, December 13 to “Underweight” rating. The firm has “Hold” rating by Citigroup given on Friday, February 22. The stock has “Buy” rating by Deutsche Bank on Friday, April 12.

More notable recent Intuit Inc. (NASDAQ:INTU) news were published by: Nasdaq.com which released: “NVIDIA (NVDA) to Report Q1 Earnings: What’s in the Cards? – Nasdaq” on May 13, 2019, also Nasdaq.com with their article: “Add These 5 Stocks With Remarkable Interest Coverage Ratio – Nasdaq” published on May 28, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On QUALCOMM, Incorporated (QCOM) ? – Yahoo Finance” on June 11, 2019. More interesting news about Intuit Inc. (NASDAQ:INTU) were released by: Nasdaq.com and their article: “Factors to Consider Ahead of Keysight’s (KEYS) Q2 Earnings – Nasdaq” published on May 27, 2019 as well as Seekingalpha.com‘s news article titled: “Wall Street Breakfast: Focus Turns To Europe – Seeking Alpha” with publication date: May 23, 2019.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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