Intuit (INTU) is Initiated by Credit Suisse to Neutral, Price Target at $100

Intuit (INTU) was Initiated by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $100. Credit Suisse advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Intuit. Brean Capital Initiated Intuit on Apr 14, 2016 to “Buy”, Price Target of the shares are set at $125.Company shares were Reiterated by RBC Capital Mkts on Feb 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 93 from a previous price target of $91 .

On the company’s financial health, Intuit reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.19. The company had revenue of $923.00 million for the quarter, compared to analysts expectations of $894.55 million. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Intuit opened for trading at $102.56 and hit $104 on the upside on Monday, eventually ending the session at $103.79, with a gain of 0.93% or 0.96 points. The heightened volatility saw the trading volume jump to 11,58,380 shares. Company has a market cap of $26,655 M.

In a different news, on Mar 30, 2016, Henry Tayloe Stansbury (EVP, Chief Technology Officer) sold 9,355 shares at $102.59 per share price. According to the SEC, on Mar 11, 2016, Brad D Smith (CEO, President, and Chairman) sold 18,303 shares at $100.04 per share price. On Jan 5, 2016, Edward A Kangas (director) sold 10,000 shares at $93.53 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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