Large Outflow of Money Witnessed in Intuit

Intuit (NASDAQ:INTU) During the most recent session, the shares traded at 0.04 points or 0.04% higher at $106.48. The money flow data is unimpressive with the net money flow value of $(-2.9) million. As per the intraday data, the upticks measured $6.85 million and the downticks measured $9.75 million. As a result, the up/down ratio registered a value of 0.7. The shares have seen -0.9% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $2.69 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-2.69) million.


Currently the company Insiders own 5.5% of Intuit shares according to the proxy statements. Institutional Investors own 90.46% of Intuit shares. On the companys insider trading activities,The officer (VP, Chief Accounting Officer) of Intuit Inc, Flournoy Mark J sold 10,627 shares at $107.28 on May 27, 2016. The Insider selling transaction had a total value worth of $1,140,065. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Intuit (NASDAQ:INTU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.78 points or 0.73% at $105.66 with 1,342,841 shares getting traded. Post opening the session at $105.59, the shares hit an intraday low of $105.59 and an intraday high of $106.97 and the price was in this range throughout the day. The company has a market cap of $27,035 million and the number of outstanding shares have been calculated to be 255,871,260 shares. The 52-week high of Intuit (NASDAQ:INTU) is $108.95 and the 52-week low is $79.63.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Intuit (NASDAQ:INTU). The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs announces the current price target of $117 per share on Intuit . The rating by the firm was issued on May 23, 2016.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others. The Companys Small Business segment solutions include QuickBooks Online, Online Payroll solutions, Online Payments solutions and Intuit Developer Group. The Companys Small Business Desktop Ecosystem solutions include QuickBooks, Desktop Payroll Solutions, Desktop Payments solutions, QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings, electronic filing and other services, and Intuit Tax Freedom Project. The Companys professional tax offerings include Lacerte and ProSeries.

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