Intuit stock declines after the company shares lower future earnings guidance

The total value of the transaction was worth $140,405.

Intuit unveiled plans to sell three units, including its well-known Quicken home-accounting software, as it forecast sales and earnings that trailed analysts’ estimates. RBC Capital increased their price target on shares of Intuit from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. The disclosure for this sale can be found here.

Intuit Inc. (INTU) was reiterated a “Equal Weight” by Barclays analysts on Friday.

In looking at the near-term stock price target provided by analysts, Intuit Inc. The stock now has a consensus rating of “Hold” and a consensus target price of $104.03. 5 analysts have added the shares in their list of strong buys. The 50-day moving average is $104.93 and the 200 day moving average is recorded at $100.59. The 52-week high of the share price is $109.21 and the 52-week low is $77.96.

Intuit published its fourth quarter and full year financial results Thursday after the bell.

Offering a dividend yield of 0.94%, shares of the $29.30 billion Mountain View, Calif.-based company are up 25.81% year-over-year, compared with a 5.56% gain in the S&P 500. EPS for the same period registers at $2.86. Analysts has expected a loss of 11 cents a share on revenue of $735.9 million.

On valuation measures, Intuit Inc. stock it’s trading at a forward P/E multiple of 18.25x, and at a multiple of 81.20x this year’s estimated earnings. Non-GAAP loss was $0.05 per diluted share, vs. expectations of a loss of $0.11 per share.

Intuit Inc. (NASDAQ:INTU) is a provider of company and fiscal management options for small businesses, consumers, accounting professionals and financial institutions. Tax include two segment: Consumer Tax and Accounting Professionals. On the other hand, the services and products of the company include Quicken, QuickBooks and TurboTax which assist customers in solving important issues related to financial management of companies like paying bills, managing personal finances and filing taxes. Financial Services: This segment consists of digital (online and mobile) banking solutions and Other Businesse segment includes its global businesses.

The company is trying to bolster growth by focusing on its main businesses after weathering a hard tax season for its popular software.