This morning we watched Intuit drop -5.9% to a price of $638.75 per share. The Large-Cap Software company is now trading -11.23% below its average target price of $719.59. Analysts have set target prices ranging from $550.0 to $800.0 per share for Intuit, and have given the stock an average rating of buy.
Intuit's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.4%. The stock's short ratio is 3.14. The company's insiders own 2.89% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 86.8%. In conclusion, we believe there is positive market sentiment regarding Intuit.
Institutions Invested in Intuit
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 10% | 26,682,131 | $17,043,211,176 |
| 2024-09-30 | Blackrock Inc. | 8% | 23,728,515 | $15,156,588,956 |
| 2024-09-30 | State Street Corporation | 4% | 12,317,086 | $7,867,538,682 |
| 2024-09-30 | JP Morgan Chase & Company | 4% | 10,120,585 | $6,464,523,668 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 3% | 8,398,379 | $5,364,464,586 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 5,978,713 | $3,818,902,928 |
| 2024-09-30 | FMR, LLC | 2% | 4,871,091 | $3,111,409,376 |
| 2024-09-30 | Wellington Management Group, LLP | 2% | 4,676,362 | $2,987,026,227 |
| 2024-09-30 | Morgan Stanley | 1% | 4,099,854 | $2,618,781,742 |
| 2024-09-30 | Fisher Asset Management, LLC | 1% | 3,827,671 | $2,444,924,851 |
