Is Buying Stock Like Intuit Inc. Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Intuit Inc. Good Idea After Today's Bullish Options Activity?

In today’s session Intuit Inc. (INTU) registered an unusually high (374) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious INTU increase. With 374 contracts traded and 14654 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: INTU161118C00120000 closed last at: $0.05 or 88.9% down. About 187,372 shares traded hands. Intuit Inc. (NASDAQ:INTU) has risen 11.50% since April 20, 2016 and is uptrending. It has outperformed by 6.94% the S&P500.

Intuit Inc. (NASDAQ:INTU) Ratings Coverage

Out of 16 analysts covering Intuit (NASDAQ:INTU), 7 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 44% are positive. Intuit has been the topic of 49 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, September 13. Deutsche Bank maintained Intuit Inc. (NASDAQ:INTU) on Wednesday, August 24 with “Buy” rating. The stock of Intuit Inc. (NASDAQ:INTU) has “Buy” rating given on Wednesday, August 24 by Citigroup. The rating was maintained by RBC Capital Markets on Wednesday, August 24 with “Sector Perform”. The firm has “Buy” rating given on Monday, June 20 by Brean Capital. Deutsche Bank maintained it with “Buy” rating and $110 target price in Friday, September 18 report. The rating was maintained by UBS with “Buy” on Wednesday, September 9. The stock of Intuit Inc. (NASDAQ:INTU) earned “Neutral” rating by Wedbush on Friday, November 20. Zacks downgraded Intuit Inc. (NASDAQ:INTU) on Tuesday, August 25 to “Hold” rating. As per Wednesday, August 19, the company rating was upgraded by Deutsche Bank.

According to Zacks Investment Research, “Intuit’s mission is to revolutionize how people manage their financial activities. The company’s objective is to greatly expand the world of electronic finance. Electronic finance encompasses three types of products and services: desktop software products that operate on customers’ personal computers to automate financial tasks; products and services that are delivered via the Internet; and products and services that connect Internet-based services with desktop software to enable customers to integrate their financial activities.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.18, from 1.04 in 2016Q1. The ratio turned negative, as 34 funds sold all Intuit Inc. shares owned while 221 reduced positions. 58 funds bought stakes while 206 increased positions. They now own 218.24 million shares or 4.85% less from 229.37 million shares in 2016Q1.
Synovus Fincl Corp, a Georgia-based fund reported 19,455 shares. Rand Wealth Limited Liability Company has 0.11% invested in the company for 7,200 shares. Oakworth Cap accumulated 2,000 shares or 0.08% of the stock. Daiwa Sb Invests Ltd holds 0.27% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 8,340 shares. State Of New Jersey Common Pension Fund D reported 103,900 shares or 0.05% of all its holdings. Calamos Wealth Management Ltd Liability Corp has 8,608 shares for 0.17% of their US portfolio. Bluemountain Capital Management Llc reported 5,972 shares or 0.02% of all its holdings. Regions Fincl owns 176,490 shares or 0.26% of their US portfolio. Moreover, Neuberger Berman Group Limited Liability Company has 0.41% invested in Intuit Inc. (NASDAQ:INTU) for 2.64M shares. Buckingham Asset Limited Com holds 4,166 shares or 0.16% of its portfolio. Employees Retirement Systems Of Texas last reported 0.09% of its portfolio in the stock. Ig Investment Mngmt Ltd, a Manitoba – Canada-based fund reported 1,211 shares. Arrow Corp has 810 shares for 0.02% of their US portfolio. Colony Grp Ltd Liability Corp owns 78,576 shares or 0.96% of their US portfolio. Disciplined Growth Invsts Mn holds 4.33% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 1.54 million shares.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 10 selling transactions for $11.99 million net activity. The insider STANSBURY HENRY TAYLOE sold 10,575 shares worth $1.16M. 18,567 shares were sold by Wernikoff Daniel A, worth $2.07M. 6,636 shares with value of $730,377 were sold by Williams R Neil on Thursday, August 25. Another trade for 18,567 shares valued at $2.04 million was made by Goodarzi Sasan K on Friday, September 9. Another trade for 10,627 shares valued at $1.14 million was made by FLOURNOY MARK J on Friday, May 27.

Intuit Inc. is a provider of business and financial management solutions for small businesses, clients and accounting professionals. The company has a market cap of $30.64 billion. The Firm operates through three divisions: Small Business, Consumer Tax and ProConnect. It has a 37.62 P/E ratio. The Small Business segment serves and advises small businesses and the accounting professionals, and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions.

INTU Company Profile

Intuit Inc., incorporated on February 1, 1993, is a well-known provider of business and financial management solutions for small businesses, clients and accounting professionals. The Firm operates through three divisions: Small Business, Consumer Tax and ProConnect. The Small Business segment serves and advises small businesses and the accounting professionals and includes QuickBooks financial and business management online services and desktop software, payroll solutions, and payment processing solutions. The Small Business segment also includes third-party applications that integrate with the Company’s offerings. The Consumer Tax segment targets clients and includes TurboTax income tax preparation services and products. The ProConnect segment targets professional accountants in the United States and Canada. The Company’s ProConnect professional tax offerings include Lacerte, ProSeries, ProFile and ProConnect Tax Online.

Another recent and important Intuit Inc. (NASDAQ:INTU) news was published by Rttnews.com which published an article titled: “Intuit Inc. Bottom Line Drops 38% In Q1” on November 17, 2016.

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