Brean Capital Initiates Coverage on Intuit to Buy

Brean Capital Initiates Coverage on Intuit(NASDAQ:INTU). The shares have been rated Buy. The rating by Brean Capital was issued on Apr 14, 2016.

In a different note, On Feb 26, 2016, RBC Capital said it Maintains its rating on Intuit. In the research note, the firm Raises the price-target to $91.00 per share. The shares have been rated ‘Sector Perform’ by the firm. On Feb 26, 2016, UBS said it Maintains its rating on Intuit. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Buy’ by the firm.

Intuit (INTU) made into the market gainers list on Mondays trading session with the shares advancing 0.93% or 0.96 points. Due to strong positive momentum, the stock ended at $103.79, which is also near the day’s high of $104. The stock began the session at $102.56 and the volume stood at 11,58,380 shares. The 52-week high of the shares is $109.21 and the 52 week low is $79.63. The company has a current market capitalization of $26,655 M and it has 25,68,21,220 shares in outstanding.

Intuit(INTU) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $923.00M. Analysts had an estimated revenue of $893.48M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Henry Tayloe Stansbury (EVP, Chief Technology Officer) sold 9,355 shares at $102.59 per share price.Also, 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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