Investor’s Update: Intuit Inc. (NASDAQ:INTU)

[BusinessWire] Intuit Inc. (NASDAQ:INTU) is launching a re-imagined developer experience that makes QuickBooks Online the platform of choice for next generation business management apps. The new developer.intuit.com offers best-in-class developer tools and provides access to a global market of cloud-based small businesses.“We’re focused on delivering an amazing developer experience because we know that the QuickBooks Online platform is only as powerful as the third party apps that connect to it,” said Avi Golan, vice president and general manager of Intuit Developer Group.Stock PerformanceTaking a look at the company’s recent performance, Intuit Inc reported Fourth quarter earnings for fiscal 2014 on August 21^st. The company reported actual earnings per share of $.01 against the consensus Street estimate of $0.07. This represents year over year growth of 100%. Intuit Inc posted revenue of $714.00 million against estimates of $699.49 million.Intuit Inc. (INTU) is currently valued at $24.26 billion and closed the last trading session at $84.96. The stock has a 50-day moving average of $84.57 and a 200-day moving average of $80.18.

Is this a Buying Opportunity?There are currently thirteen analysts that we track that cover the stock. Of those thirteen, four have a Buy rating, one has strong buy rating, five have a hold rating and three have a Sell rating. On a consensus basis this yields a score of 2.23 and a Hold. The combined price objective of these covering analysts is $84.11, which represents a 0.65% downside difference to the last closing price.The most recent analyst activity consisted of Evercore Partners downgrading their Underweight stance on the company. Evercore Partners has a price target of $77.00 which represents a downside of 8.90% from the last closing price. On the date of the report, the stock closed at $84.52.Another research firm weighing in recently was RBC Capital who initiated coverage with outperform stance on the stock. On September 15^th RBC Capital upgraded their price target on the stock from $105.00%, or a 25.57%upside to the current price. On the day of the report, INTU shares closed at $83.62.Company ProfileIntuit Inc. (NASDAQ:INTU) provides business and financial management solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore. The company’s Small Business segment provides QuickBooks financial and business management online services and desktop software; QuickBooks technical support services; financial supplies; and small business payroll products and services. This segment also offers merchant services, including credit and debit card processing; Web-based transaction processing services; online payment services; Go Payment mobile payment processing services; Demand force, which provides online marketing and customer communication solutions; check verification, check guarantee, and electronic check conversion services; and Quick Base software as a service platform. Its Consumer segment provides TurboTax income tax preparation products and services; and electronic tax filing services.