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NEW YORK (

TheStreet

) --

Intuit

(Nasdaq:

INTU

) hit a new 52-week high Friday as it traded at $54.68 compared with its previous 52-Week high of $51.10. Intuit is changing hands at $54 with 6.8 million shares traded as of 3:06 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. Intuit has a market cap of $15.6 billion and is part of the

technology

sector and

computer software & services

TheStreet Recommends

industry. Shares are up 1.7% year to date as of the close of trading on Thursday.

Intuit Inc. provides business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, and financial institutions in the United States, Canada, India, and the United Kingdom. The company has a P/E ratio of 29.3, above the average computer software & services industry P/E ratio of 28.3 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Intuit Ratings Report

.

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