Shares of Intuit Inc. (NASDAQ:INTU) traded down 3.5% during trading on Wednesday . The stock traded as low as $108.00 and last traded at $109.81, with a volume of 2,868,563 shares trading hands. The stock had previously closed at $113.84.

Several analysts have recently commented on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of Intuit in a report on Sunday, May 22nd. Brean Capital reaffirmed a “buy” rating on shares of Intuit in a report on Sunday, June 26th. Barclays PLC downgraded shares of Intuit from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $110.00 to $116.00 in a report on Friday, July 15th. Vetr downgraded shares of Intuit from a “buy” rating to a “hold” rating and set a $108.50 price objective on the stock. in a report on Wednesday, June 15th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Intuit in a report on Thursday, May 26th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $193.09.

The company’s 50 day moving average price is $113.16 and its 200 day moving average price is $105.23. The firm has a market capitalization of $28.11 billion and a price-to-earnings ratio of 28.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The firm earned $754 million during the quarter, compared to analysts’ expectations of $735.35 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that Intuit Inc. will post $3.67 EPS for the current fiscal year.

In other Intuit news, EVP Henry Tayloe Stansbury sold 5,575 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $105.00, for a total transaction of $585,375.00. Following the sale, the executive vice president now directly owns 2,423 shares in the company, valued at approximately $254,415. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Laura A. Fennell sold 10,056 shares of the business’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $107.31, for a total transaction of $1,079,109.36. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. BlackRock Advisors LLC raised its stake in shares of Intuit by 12.5% in the fourth quarter. BlackRock Advisors LLC now owns 398,335 shares of the company’s stock valued at $38,440,000 after buying an additional 44,308 shares during the last quarter. US Bancorp DE raised its stake in shares of Intuit by 9.9% in the fourth quarter. US Bancorp DE now owns 215,901 shares of the company’s stock valued at $20,833,000 after buying an additional 19,376 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Intuit by 11.8% in the fourth quarter. Advisors Asset Management Inc. now owns 17,987 shares of the company’s stock valued at $1,736,000 after buying an additional 1,904 shares during the last quarter. Calvert Investment Management Inc. raised its stake in shares of Intuit by 16.5% in the fourth quarter. Calvert Investment Management Inc. now owns 11,307 shares of the company’s stock valued at $1,091,000 after buying an additional 1,605 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Intuit during the fourth quarter valued at approximately $1,044,000.

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.

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