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Intuit (NASDAQ:INTU) Issues FY18 Earnings Guidance

08 December 2017

CDW's SI was 2.91 million shares in December as released by FINRA. During the same quarter in the prior year, the company posted $3.43 earnings per share. With 2.58 million avg volume, 2 days are for Broadsoft Incorporated (NASDAQ:BSFT)'s short sellers to cover BSFT's short positions. During the same period last year, the firm posted $0.06 EPS. equities research analysts predict that Intuit will post 3.95 earnings per share for the current year. About 732,746 shares traded. BroadSoft, Inc. (NASDAQ:BSFT) has declined 7.18% since December 7, 2016 and is downtrending. It has outperformed by 18.55% the S&P500. Alpha Windward LLC boosted its position in shares of Intuit by 1.1% in the first quarter. Insiders have sold a total of 898,807 shares of company stock worth $132,768,878 over the last quarter. The stock decreased 0.30% or $0.47 during the last trading session, reaching $155.72. About 835,364 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 23.62% since December 7, 2016 and is uptrending. It has outperformed by 6.92% the S&P500.

The company's consensus rating on Reuter's scale improved from 2.5 to 2.83 during a month. It operates in two divisions, Corporate and Public. The Company's products include UC-One, a cloud communication and collaboration solution that offers integrated business, such as phone services, messaging and presence, audio and video conferencing, screen sharing, file sharing, and virtual meeting rooms. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Therefore 60% are positive. Goldman Sachs has "Buy" rating and $117 target. The rating was downgraded by Raymond James to "Market Perform" on Monday, April 25. The company was maintained on Friday, November 20 by UBS. Following the sale, the executive vice president now directly owns 5,207 shares in the company, valued at approximately $791,724.35. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported. Morgan Stanley has "Equal-Weight" rating and $63 target. The firm has "Buy" rating given on Thursday, October 5 by Stifel Nicolaus. The company has market cap of $12.98 million. Comgest Sas has 439,976 shares for 1.45% of their portfolio.

Investors sentiment decreased to 0.99 in 2017 Q2. Its up 0.06, from 1.02 in 2017Q1. 74 funds opened positions while 243 raised stakes. Commonwealth Of Pennsylvania School Empls Retrmt System holds 0.04% or 18,084 shares in its portfolio. Next Group invested 0% in Intuit Inc. Veritable L P stated it has 3,745 shares or 0.01% of all its holdings. 4,676 are held by Vident Investment Advisory Ltd. Boston Private Wealth Ltd holds 44,834 shares. Estabrook Mgmt has 1,242 shares for 0% of their portfolio. Raymond James And Assocs owns 287,762 shares or 0.04% of their USA portfolio. Of Virginia Va accumulated 16,484 shares. Balasa Dinverno & Foltz Ltd Liability Co stated it has 0.08% in Intuit Inc. Robeco Institutional Asset Mngmt Bv holds 0% in Devon Energy Corporation (NYSE:DVN) or 6,967 shares. Howe & Rusling owns 130 shares. Saturna Capital Corp who had been investing in Intuit for a number of months, seems to be less bullish one the $39.49B market cap company. It also reduced Rlj Lodging Tr (NYSE:RLJ) stake by 403,700 shares and now owns 479,912 shares. Ishares Inc (IEMG) was raised too.

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Investors sentiment decreased to 0.96 in 2017 Q2. Its down 0.05, from 1.01 in 2017Q1.

Hedge funds have recently added to or reduced their stakes in the business. The software maker reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.30.

Intuit Inc. has a consensus outperform rating from 22 Wall Street analysts, and the number of shares now sold short amount to at least 0.92% of shares outstanding. (NASDAQ:INTU). Sands Cap Mngmt Limited reported 4,549 shares stake. Parkside Fincl Bank Tru holds 0.02% or 436 shares. Chesley Taft And Associate Llc owns 0.07% invested in Intuit Inc. (NASDAQ:INTU) for 17,251 shares. British Columbia Inv Mgmt Corporation accumulated 126,339 shares or 0.13% of the stock. Hl Serv Lc reported 0.02% of its portfolio in Intuit Inc.

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In other Intuit news, CEO Brad D. Smith sold 110,496 shares of the stock in a transaction that occurred on Wednesday, November 22nd.

On Wednesday, September 27th, Henry Tayloe Stansbury sold 1,783 shares of Intuit stock. (NASDAQ:INTU). Sit Investment reported 91,725 shares or 0.3% of all its holdings. Mufg Americas Holdings reported 125 shares. 210,400 are owned by Ardevora Asset Mgmt Llp. Wendell David Assocs holds 1.38% or 54,998 shares. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 8,949 shares.

Among 22 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 2 Sell and 11 Hold.

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