ImportantINTU
Explain this story: CX Institutional Buys 47,059 Shares of Intuit Inc. $INTU
Explain like I'm 7
A big investor called CX Institutional bought a lot more shares of Intuit, a company that makes money software. Intuit also made more money than expected and will pay shareholders more each quarter.
Other · Institutional investor sharply increased its Intuit stakeMarketBeatSector and industry: TechnologySoftware — ApplicationTell me moreShow less
Explain like I'm 7
A big investor called CX Institutional bought a lot more shares of Intuit, a company that makes money software. Intuit also made more money than expected and will pay shareholders more each quarter.
What happenedFrom the article
- CX Institutional increased its stake in Intuit by 2,520.6% in the third quarter, buying 47,059 additional shares to reach 48,926 shares worth about $13.5 million.
- Intuit reported $4.03 in adjusted and $4.35 billion in , exceeding quarterly expectations.
- Intuit raised its quarterly to $1.38 per .
- INTU shares are trading below their 50-day and 200-day moving averages, with analysts holding an average of $431.55.