Beacon Investment Advisory Services Inc. Sells 2,074 Shares of Intuit Inc. $INTU

Beacon Investment Advisory Services Inc. decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 9.1% during the second quarter, Holdings Channel reports. The institutional investor owned 20,659 shares of the software maker’s stock after selling 2,074 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Intuit were worth $5,392,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rakuten Investment Management Inc. grew its stake in Intuit by 522.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after acquiring an additional 43,389 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Intuit by 20.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock worth $1,848,954,000 after purchasing an additional 471,451 shares in the last quarter. Vestcor Inc boosted its holdings in shares of Intuit by 79.1% during the 4th quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after purchasing an additional 9,148 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Intuit by 119.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock valued at $37,452,000 after purchasing an additional 47,148 shares during the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Intuit during the second quarter valued at about $1,643,000. Institutional investors own 83.66% of the company’s stock.

Intuit Stock Down 4.1%

Shares of NASDAQ INTU opened at $318.93 on Wednesday. Intuit Inc. has a 1 year low of $252.84 and a 1 year high of $705.08. The firm has a 50-day simple moving average of $318.32 and a two-hundred day simple moving average of $353.24. The company has a market cap of $87.24 billion, a P/E ratio of 19.33, a PEG ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the business posted $2.75 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts anticipate that Intuit Inc. will post 23.49 earnings per share for the current year.

Intuit Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 8th will be paid a dividend of $1.38 per share. This is an increase from Intuit’s previous quarterly dividend of $1.20. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s payout ratio is presently 29.09%.

Insider Transactions at Intuit

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the sale, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This represents a 35.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Dalzell sold 338 shares of Intuit stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $279.86, for a total transaction of $94,592.68. Following the transaction, the director directly owned 12,326 shares in the company, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,813 shares of company stock worth $563,548. Company insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Daiwa Securities Group decreased their target price on Intuit from $640.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Wolfe Research cut Intuit from an “outperform” rating to a “peer perform” rating in a report on Wednesday, August 26th. BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a research report on Wednesday, August 26th. TD Cowen restated a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Finally, Piper Sandler lifted their price objective on shares of Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Seventeen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $434.68.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Neutral Sentiment: Intuit discussed how it is applying AI to everyday money management and financial decision-making. The article highlights potential product and customer-engagement opportunities, but provides no new financial targets or material announcement likely to change near-term estimates. Kitchen table finances: Intuit on AI and everyday money management
• Neutral Sentiment: Baron Durable Advantage Fund reported exiting its Intuit position during the second quarter. The move may weigh on sentiment, but it reflects one fund’s portfolio decision and does not indicate a change in Intuit’s operating outlook. Baron Durable Advantage Fund exits Intuit
• Negative Sentiment: Several law firms publicized a securities class action against Intuit and certain officers, alleging violations of federal securities laws. Pomerantz said the complaint was filed in federal court and covers investors who purchased securities from August 22, 2025, through May 20, 2026. Other firms reminded investors of a September 8 lead-plaintiff deadline for a related case covering purchases from February 25, 2025, through June 1, 2026. The announcements do not establish wrongdoing, but the legal scrutiny creates potential costs, uncertainty and reputational risk for INTU. Pomerantz class action announcement Rosen Law Firm deadline notice

Intuit Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.