Raleigh Capital Management Inc. and
V Square Quantitative Management LLC increased their stake in
Intuit Inc. (NASDAQ:INTU) while Scott D. Cook, Intuit's co-founder, sold his shares, making it interesting for investors. Erste Group Bank reaffirmed Intuit's stock rating while
Jefferies predicts price increases will help FY25. Despite concerns about TurboTax losing free users, Intuit outperformed market gains and exceeded Q3 Earnings and Revenue Estimates. Financial interactions with
Zendrive and growth indicators make Intuit attractive for investors.
Oxford Financial Group LTD. LLC and
Petredis Investment Advisors LLC also increased their positions in Intuit. Intuit's financial and performance report shows a strong market share, with
L1 Capital International Fund reducing its Intuit holdings due to share appreciation. Additional insiders sold shares, and despite this, Intuit saw robust Q3 results. Intuit's control by institutional shareholders is significant, with 86% of the company being held by them. Intuit's recurring revenue and margin expansion strategies look bullish, expecting growth in the next quarter. According to analysts, Intuit is undervalued by 23%. Finally, while concerns linger around TurboTax losing one million free users, Intuit's recent launch of a new AI-powered assistant and strength in the online ecosystem indicate these fears might be unfounded.
Intuit INTU News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Sun, 16 Jun 2024 11:04:29 GMT -
Rating 3
- Innovation 5
- Information 6
- Rumor 2
