Intuit Inc. (NASDAQ:INTU) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.30-4.40 for the period, compared to the Thomson Reuters consensus estimate of $4.35. The company issued revenue guidance of $5.0-5.1 billion, compared to the consensus revenue estimate of $5.05 billion.Intuit also updated its Q1 guidance to $0.01-0.03 EPS.

Several equities research analysts have recently weighed in on the stock. Morgan Stanley cut shares of Intuit from an equal weight rating to an underweight rating and lowered their price target for the stock from $109.54 to $105.00 in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. upped their price target on shares of Intuit from $113.00 to $116.00 and gave the stock an outperform rating in a research report on Thursday, August 25th. Deutsche Bank AG reaffirmed a buy rating and issued a $125.00 price target (down previously from $130.00) on shares of Intuit in a research report on Wednesday, August 24th. Brean Capital upped their price target on shares of Intuit from $130.00 to $135.00 and gave the stock a buy rating in a research report on Wednesday, August 24th. Finally, RBC Capital Markets reaffirmed a hold rating and issued a $108.00 price target on shares of Intuit in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Intuit has an average rating of Buy and an average target price of $194.34.

Shares of Intuit Inc. (NASDAQ:INTU) opened at 108.97 on Wednesday. The company’s 50-day moving average is $111.01 and its 200 day moving average is $107.17. The firm has a market cap of $28.11 billion, a price-to-earnings ratio of 29.51 and a beta of 1.05. Intuit Inc. has a 52-week low of $85.61 and a 52-week high of $116.97.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. Intuit had a net margin of 20.86% and a return on equity of 80.75%. The company earned $754 million during the quarter, compared to analysts’ expectations of $735.35 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, analysts expect that Intuit Inc. will post $4.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 10th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, October 5th. This is an increase from Intuit’s previous quarterly dividend of $0.30. Intuit’s payout ratio is currently 31.91%.

In related news, EVP Henry Tayloe Stansbury sold 2,787 shares of the company’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $103.86, for a total value of $289,457.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Neil Williams sold 6,636 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $110.06, for a total transaction of $730,358.16. Following the completion of the sale, the chief financial officer now owns 4,727 shares of the company’s stock, valued at approximately $520,253.62. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in INTU. FMR LLC increased its stake in Intuit by 10.9% in the second quarter. FMR LLC now owns 4,090,210 shares of the company’s stock valued at $456,508,000 after buying an additional 401,036 shares during the period. Alliancebernstein L.P. increased its stake in Intuit by 61.2% in the second quarter. Alliancebernstein L.P. now owns 793,194 shares of the company’s stock valued at $88,528,000 after buying an additional 301,188 shares during the period. State of Wisconsin Investment Board increased its stake in Intuit by 86.9% in the second quarter. State of Wisconsin Investment Board now owns 446,197 shares of the company’s stock valued at $49,800,000 after buying an additional 207,400 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Intuit by 5.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,483,984 shares of the company’s stock valued at $388,848,000 after buying an additional 171,027 shares during the period. Finally, Marshall Wace LLP increased its stake in Intuit by 46.6% in the second quarter. Marshall Wace LLP now owns 308,035 shares of the company’s stock valued at $34,380,000 after buying an additional 97,866 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.

About Intuit

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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