Market Watch Highlights: Intuit Inc (INTU) Ends on an Upturn Note at 616.08

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As of close of business last night, Intuit Inc’s stock clocked out at $616.08, up 1.05% from its previous closing price of $609.68. In other words, the price has increased by $1.05 from its previous closing price. On the day, 1.84 million shares were traded. INTU stock price reached its highest trading level at $617.66 during the session, while it also had its lowest trading level at $608.555.

Ratios:

To gain a deeper understanding of INTU’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.34.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on June 13, 2024, Reiterated its Buy rating and also kept its target price maintained to $770.

On December 15, 2023, Susquehanna started tracking the stock assigning a Positive rating and target price of $700.

On September 29, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $520.HSBC Securities initiated its Hold rating on September 29, 2023, with a $520 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 12 ’24 when COOK SCOTT D sold 27,309 shares for $593.16 per share. The transaction valued at 16,198,687 led to the insider holds 6,524,412 shares of the business.

COOK SCOTT D sold 75,000 shares of INTU for $42,491,749 on Jun 11 ’24. The Founder now owns 6,551,721 shares after completing the transaction at $566.56 per share. On Jun 10 ’24, another insider, COOK SCOTT D, who serves as the Founder of the company, sold 75,000 shares for $567.75 each. As a result, the insider received 42,581,163 and left with 6,626,721 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INTU now has a Market Capitalization of 172387188736. As of this moment, Intuit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.93, and their Forward P/E ratio for the next fiscal year is 32.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.89 while its Price-to-Book (P/B) ratio in mrq is 9.19.

Stock Price History:

The Beta on a monthly basis for INTU is 1.22, which has changed by 0.36093128 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, INTU has reached a high of $676.62, while it has fallen to a 52-week low of $442.74. The 50-Day Moving Average of the stock is -0.11%, while the 200-Day Moving Average is calculated to be 3.60%.

Shares Statistics:

It appears that INTU traded 1.38M shares on average per day over the past three months and 1589470 shares per day over the past ten days. A total of 280.42M shares are outstanding, with a floating share count of 271.92M. Insiders hold about 2.73% of the company’s shares, while institutions hold 85.65% stake in the company. Shares short for INTU as of 1715731200 were 3233391 with a Short Ratio of 2.61, compared to 1713139200 on 3134691. Therefore, it implies a Short% of Shares Outstanding of 3233391 and a Short% of Float of 1.1900000000000002.

Dividends & Splits

With its trailing 12-month dividend rate of 3.48, INTU has a forward annual dividend rate of 3.48. Against a Trailing Annual Dividend Yield of 0.0057079126The stock’s 5-year Average Dividend Yield is 0.62. The current Payout Ratio is 37.04% for INTU, which recently paid a dividend on 2024-04-09 with an ex-dividend date of 1720569600. Stock splits for the company last occurred on 2006-07-07 when the company split stock in a 2:1 ratio.

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