Jeffries Analysts Reduce Estimates on Intuit (NASDAQ: INTU)

Jeffries Analysts Reduce Estimates on Intuit (NASDAQ: INTU)

Jeffries analysts reduced their price target and earnings estimates on shares of Intuit Co (NYSE: INTU) with a price target of $44.00. The analysts maintained their “buy” rating in a research note to investors on Monday and said that they expect lower small business growth with a “buy” rating.

Intuit Inc. (Intuit) is a provider of business and financial management solutions. It has seven segments: Financial Management Solutions, which includes QuickBooks financial and business management software and services, technical support, and financial supplies; Employee Management Solutions, which provides payroll products and services for small businesses; Payments Solutions, which provides merchant services for small businesses, including credit and debit card processing; Consumer Tax, which includes TurboTax income tax preparation products and services for consumers and small businesses; Accounting Professionals, which includes Lacerte and ProSeries professional tax products and services; Financial Institutions, which consists of outsourced online services for banks and credit unions, and Other Businesses, which includes Quicken personal finance products and services. On July 23, 2009, the Company acquired PayCycle, Inc. In May 2010, the Company acquired Medfusion.

Shares of INTU traded down 0.41% hitting $38.40 during mid-day trading on Monday.

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