Intuit Falls Most Since 2013 After Annual Forecast Falls Short

Intuit Inc. provided annual forecast for sales and earnings that trailed analysts estimates after announcing a plan to sell its Demandforce, QuickBase and Quicken businesses.

Intuit Inc. (NASDAQ:INTU) rose 0.15% or 0.16 points on Tuesday and made its way into the gainers of the day. Analysts on average were modelling a profit of $0.03 per share and revenue of $776.4 million, according to Capital IQ. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock.

Now the company Insiders own 0.1% of Intuit Inc.

Intuit Inc. (NASDAQ:INTU) has been given a top momentum style rating by Zacks Research.

Intuit Inc. (NASDAQ:INTU) stock has received a short term price target of $ 106.2 from 10 Analyst. Lindsell Train Ltd is another bullish fund who is having 1.46M shares of Intuit or 11.78% of their fund’s portfolio. The company has a 50-day moving average price of $105.23 and a 200-day moving average price of $100.85. The total value of the transaction was worth $140,405. On average, equities research analysts predict that Intuit will post $2.53 EPS for the current year. The 52-week low of the share price is at $77.96. This is an important indicator as a higher ratio typically suggests that investors are expecting higher future earnings growth compared to companies in the same industry with lower price to earnings ratios.

Intuit Inc. (NASDAQ:INTU) is a supplier of business and financial management options for small businesses, consumers, accounting professionals and financial institutions. Small Business Group include seven segments: financial management solutions, employee management solutions, payment solutions, consumer tax, accounting professionals, financial services and other businesses. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. This year, the company faced challenges when it alienated some customers by changing the pricing of some of its widely used products and temporarily halting state-tax processing after its service was used to file a large number of fraudulent returns. Its Intuit Financial Services company supplies digital banking solutions to credit unions as well as banks which help them make it simpler for their customers to manage money and pay invoices.

A notable mover in today’s trading session is Intuit Inc.