Beacon Investment Advisory Services Inc. Lowers Position in Intuit Inc. $INTU

Beacon Investment Advisory Services Inc. lessened its stake in shares of Intuit Inc. (NASDAQ:INTU) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 42,551 shares of the software maker’s stock after selling 640 shares during the period. Intuit accounts for about 1.5% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 19th biggest holding. Beacon Investment Advisory Services Inc.’s holdings in Intuit were worth $33,515,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Intuit by 1.2% in the 1st quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker’s stock worth $1,890,282,000 after buying an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Intuit by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker’s stock valued at $1,130,718,000 after acquiring an additional 82,419 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Intuit by 22.1% in the 1st quarter. Vident Advisory LLC now owns 46,940 shares of the software maker’s stock valued at $28,821,000 after acquiring an additional 8,510 shares during the last quarter. Circle Wealth Management LLC lifted its holdings in shares of Intuit by 33.4% in the 1st quarter. Circle Wealth Management LLC now owns 3,451 shares of the software maker’s stock valued at $2,119,000 after acquiring an additional 865 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in Intuit by 3.6% in the 1st quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker’s stock worth $10,922,000 after purchasing an additional 623 shares during the period. Institutional investors own 83.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTU. Royal Bank Of Canada reissued an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research report on Tuesday, September 2nd. Barclays reduced their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. reduced their target price on shares of Intuit from $770.00 to $750.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. KeyCorp reduced their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Finally, BMO Capital Markets raised their target price on shares of Intuit from $820.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.82.

Insider Buying and Selling

In other Intuit news, EVP Mark P. Notarainni sold 1,147 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the completion of the sale, the executive vice president directly owned 19 shares in the company, valued at $14,704.10. This trade represents a 98.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alex G. Balazs sold 882 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total transaction of $689,397.66. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock valued at $7,558,613 over the last quarter. Insiders own 2.68% of the company’s stock.

Intuit Stock Performance

Shares of INTU stock opened at $694.79 on Thursday. The firm has a market cap of $193.71 billion, a price-to-earnings ratio of 50.57, a PEG ratio of 2.70 and a beta of 1.26. The company’s 50 day moving average is $712.39 and its 200 day moving average is $686.87. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit Inc. has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. Intuit had a net margin of 20.55% and a return on equity of 22.72%. Intuit’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $1.99 earnings per share. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts anticipate that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Thursday, October 9th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.7%. This is a positive change from Intuit’s previous quarterly dividend of $1.04. The ex-dividend date is Thursday, October 9th. Intuit’s payout ratio is 30.28%.

Intuit Company Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.