Intuit Inc. (NASDAQ:INTU) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.33-0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.34. The company issued revenue guidance of $1.045-1.065 billion, compared to the consensus revenue estimate of $998.18 million.Intuit also updated its FY17 guidance to $4.30-4.40 EPS.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $114.00 price target on shares of Intuit in a report on Thursday. Morgan Stanley reaffirmed an equal weight rating and issued a $105.00 price target on shares of Intuit in a report on Thursday, August 25th. Credit Suisse Group AG reaffirmed a neutral rating and issued a $100.00 price target on shares of Intuit in a report on Wednesday, August 24th. Deutsche Bank AG reaffirmed a buy rating and issued a $125.00 price target (down previously from $130.00) on shares of Intuit in a report on Wednesday, August 24th. Finally, Evercore ISI assumed coverage on shares of Intuit in a report on Wednesday. They issued a hold rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $194.97.

Earnings History and Estimates for Intuit (NASDAQ:INTU)

Intuit Inc. (NASDAQ:INTU) opened at 113.80 on Friday. The firm has a market capitalization of $29.35 billion, a price-to-earnings ratio of 30.82 and a beta of 1.08. The company’s 50-day moving average is $108.44 and its 200-day moving average is $109.00. Intuit Inc. has a 52-week low of $88.17 and a 52-week high of $116.97.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The company earned $778 million during the quarter, compared to the consensus estimate of $754.36 million. Intuit had a net margin of 20.86% and a return on equity of 80.75%. Intuit’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Equities analysts predict that Intuit Inc. will post $4.34 earnings per share for the current year.

In other Intuit news, EVP Henry Tayloe Stansbury sold 11,503 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $111.47, for a total transaction of $1,282,239.41. Following the completion of the transaction, the executive vice president now owns 670 shares in the company, valued at approximately $74,684.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO R Neil Williams sold 6,636 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $110.06, for a total transaction of $730,358.16. Following the transaction, the chief financial officer now owns 4,727 shares of the company’s stock, valued at approximately $520,253.62. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Intuit by 109.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,158,949 shares of the company’s stock worth $347,516,000 after buying an additional 1,651,255 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Intuit by 9.2% in the third quarter. Ameritas Investment Partners Inc. now owns 10,453 shares of the company’s stock worth $1,150,000 after buying an additional 879 shares in the last quarter. Eaton Vance Management increased its position in shares of Intuit by 59.8% in the third quarter. Eaton Vance Management now owns 88,124 shares of the company’s stock worth $9,695,000 after buying an additional 32,974 shares in the last quarter. Cetera Advisor Networks LLC increased its position in shares of Intuit by 16.0% in the third quarter. Cetera Advisor Networks LLC now owns 2,462 shares of the company’s stock worth $271,000 after buying an additional 340 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its position in shares of Intuit by 450.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,100 shares of the company’s stock worth $123,000 after buying an additional 900 shares in the last quarter. Institutional investors own 84.72% of the company’s stock.

About Intuit

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.

5 Day Chart for NASDAQ:INTU

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