Brean Capital Maintains Intuit to Buy

Brokerage firm Brean Capital Maintains its rating on Intuit(NASDAQ:INTU). The shares have been rated Buy. The rating by Brean Capital was issued on Jun 20, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on Intuit, according to a research note issued on May 23, 2016. The shares have been rated ‘Buy’ by the firm. Credit Suisse said it Initiates Coverage on Intuit, according to a research note issued on Apr 21, 2016. The shares have been rated ‘Neutral’ by the firm.

Intuit (INTU) shares turned negative on Fridays trading session with the shares closing down -3.62 points or -3.32% at a volume of 50,50,305. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106.48. The peak price level was also seen at $106.48 while the days lowest was $103.6. Finally the shares closed at $105.33. The 52-week high of the shares is $108.95 while the 52-week low is $79.63. According to the latest information available, the market cap of the company is $26,951 M.

Intuit(INTU) last announced its earnings results on May 24, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.30B. Analysts had an estimated revenue of $3.20. Earnings per share were $3.43. Analysts had estimated an EPS of $3.20.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Mark J Flournoy (VP, Chief Accounting Officer) sold 10,627 shares at $107.28 per share price.Also, On May 31, 2016, Henry Tayloe Stansbury (EVP, Chief Technology Officer) sold 5,575 shares at $105.00 per share price.On Mar 11, 2016, Brad D Smith (CEO, President, and Chairman) sold 18,303 shares at $100.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s Small Business segment solutions include QuickBooks Online Online Payroll solutions Online Payments solutions and Intuit Developer Group. The Company’s 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 Company’s professional tax offerings include Lacerte and ProSeries.

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