Intuit Inc. (NASDAQ:INTU) missed earnings on 3 occasions

Other large investors have also bought and sold shares of the company. The Predicted Move on the 7th day after Intuit Inc. Highland Capital Management LP boosted its stake in Intuit by 11.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 621,388 shares of the company's stock worth $69,353,000 after buying an additional 541,504 shares during the period. Alpha Windward LLC raised its position in shares of Intuit by 1.3% in the third quarter. The stock appeared $120.55 above its 52-week highs and is up 0.50% for the last five trades.

In the end, while these results weren't exactly jaw-dropping, it's encouraging that that tax season's slow start wasn't quite as pronounced as Intuit had originally feared, so it's no surprise to see shares trading higher today. (NASDAQ:INTU) beats earnings by 75%, The Stock Missed Earnings 3 times and has met earnings 0 times. The company had a trading volume of 568,372 shares. The company's 50 day moving average is $117.81 and its 200-day moving average is $113.15. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 32.16 and a beta of 1.06. The company reported $0.26 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.01. J P Morgan Chase & Co restated a "hold" rating and set a $114.00 price target on shares of Intuit in a research report on Thursday, November 17th. Finally, Evercore ISI began coverage on Intuit in a research report on Wednesday, November 16th. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Intuit has an average rating of "Hold" and an average target price of $201.50. For the quarter ending Jan-17, 13 analysts have a mean sales target of 1,027.39 million whilst for the year ending Jul-17, 16 analysts have a mean target of 5,064.28 million. P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings. Analyst Recommendation is an outlook of a stock-market analyst on a stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Credit Suisse Group upgraded shares of Intuit from a "neutral" rating to an "outperform" rating in a research note on Friday.

"Our tax performance as compared to Internal Revenue Service data through February gives us the confidence to maintain our expectations for the business and for the company", said Intuit CFO Neil Williams. The company's Small Business segment provides QuickBooks financial and business management online services, and desktop software; QuickBooks technical support services; financial supplies; and QuickBooks Online Accountant, QuickBooks Accountant Desktop, and QuickBooks Desktop Accountant Plus, as well as the QuickBooks ProAdvisor Program for the accounting professionals.

A number of hedge funds have recently modified their holdings of the stock.

  • Zachary Reyes