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

Beacon Investment Advisory Services Inc. decreased its stake in shares of Intuit Inc. (NASDAQ:INTU) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,659 shares of the software maker’s stock after selling 2,074 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Intuit were worth $5,392,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. XXEC Inc. purchased a new position in shares of Intuit in the 2nd quarter worth about $436,740,000. California State Teachers Retirement System increased its stake in Intuit by 25,506.0% during the 2nd quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock valued at $28,277,368,000 after purchasing an additional 107,919,292 shares in the last quarter. BlackRock Inc. purchased a new position in Intuit in the second quarter worth about $6,851,859,000. Corient Private Wealth LP bought a new position in shares of Intuit in the second quarter worth approximately $40,545,000. Finally, Norges Bank purchased a new stake in shares of Intuit during the fourth quarter valued at approximately $3,058,407,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intuit news, CAO Lauren Hotz sold 907 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Dalzell sold 284 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director directly owned 11,758 shares of the company’s stock, valued at approximately $3,084,358.56. The trade was a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,813 shares of company stock valued at $563,548. 2.49% of the stock is owned by corporate insiders.

Intuit Stock Down 4.1%

Intuit stock opened at $318.93 on Wednesday. Intuit Inc. has a one year low of $252.84 and a one year high of $705.08. The stock has a fifty day moving average of $318.32 and a 200 day moving average of $353.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 1.51. The stock has a market cap of $87.24 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

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

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 8th will be issued 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 yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 8th. Intuit’s dividend payout ratio is currently 29.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Evercore restated an “outperform” rating on shares of Intuit in a report on Tuesday, August 18th. The Goldman Sachs Group upped their price target on Intuit from $276.00 to $304.00 and gave the company a “sell” rating in a report on Wednesday, August 26th. Piper Sandler lifted their price objective on Intuit from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Wednesday, August 26th. Mizuho decreased their target price on Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 17th. Finally, Barclays dropped their price target on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating on the stock in a report 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 company. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Hold” and an average price target 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.