A 16.5 percent gain this year for shares of Intuit Inc. (INTU) has been accompanied by overwhelming institutional buying, which could pave the way for further upside to come. Not only is it a growth stock in a leading sector, which makes a strong case for bullish institutional investors, but Intuit’s strong history of increasing dividend growth is making income-minded buyers take notice as well.
For MAP, the strongest indicator of positive price momentum is by measuring potential institutional accumulation, which Intuit clearly exhibits. So far this year, we have flagged 10 potential institutional buy signals for the business software maker, which can be a recipe for further bullish price action in the future. We want to bet alongside big investors who have a favorable outlook on the company, and in the chart below, Intuit shows increasing accumulation accompanied by increasing stock prices.
Intuit’s strong history of increasing dividend growth is making income-minded buyers take notice. …read more
Read more here: Intuit Stock Has the Dividend Growth Big Investors Like