Beacon Investment Advisory Services Inc. Sells 640 Shares of Intuit Inc. $INTU

Key Points

• Beacon Investment Advisory Services Inc. has reduced its stake in Intuit Inc. by 1.5%, selling 640 shares and maintaining a total of 42,551 shares, valued at approximately $33.5 million.
• Intuit has announced a quarterly dividend increase to $1.20 per share, representing an annual yield of 0.7%, with the payment set for October 17th.
• Several analysts have recently adjusted their price targets for Intuit, with Barclays setting a new target of $785, while the stock maintains an average price target of $791.82 and a "Moderate Buy" rating from analysts.

Beacon Investment Advisory Services Inc. trimmed its holdings in Intuit Inc. (NASDAQ:INTU - Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,551 shares of the software maker's stock after selling 640 shares during the quarter. Intuit comprises about 1.5% of Beacon Investment Advisory Services Inc.'s portfolio, making the stock its 19th biggest position. Beacon Investment Advisory Services Inc.'s holdings in Intuit were worth $33,515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. KMG Fiduciary Partners LLC raised its stake in Intuit by 1.8% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 771 shares of the software maker's stock worth $607,000 after buying an additional 14 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Intuit by 3.9% in the second quarter. Pinnacle Bancorp Inc. now owns 376 shares of the software maker's stock worth $296,000 after purchasing an additional 14 shares during the last quarter. Peloton Wealth Strategists grew its holdings in shares of Intuit by 0.3% in the first quarter. Peloton Wealth Strategists now owns 4,414 shares of the software maker's stock valued at $2,710,000 after acquiring an additional 15 shares in the last quarter. Decatur Capital Management Inc. grew its holdings in shares of Intuit by 0.3% in the first quarter. Decatur Capital Management Inc. now owns 4,999 shares of the software maker's stock valued at $3,069,000 after acquiring an additional 16 shares in the last quarter. Finally, Acropolis Investment Management LLC grew its holdings in shares of Intuit by 4.0% in the second quarter. Acropolis Investment Management LLC now owns 443 shares of the software maker's stock valued at $349,000 after acquiring an additional 17 shares in the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTU has been the subject of several research reports. Barclays reduced their price objective on Intuit from $815.00 to $785.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Wells Fargo & Company set a $880.00 price objective on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. Stifel Nicolaus lowered their price target on Intuit from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Intuit from $900.00 to $880.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $791.82.

Intuit Trading Down 0.6%

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

Intuit (NASDAQ:INTU - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The company had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter last year, the business posted $1.99 EPS. The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current fiscal year.

Intuit Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 9th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is an increase from Intuit's previous quarterly dividend of $1.04. Intuit's dividend payout ratio (DPR) is presently 30.28%.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 529 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $664.99, for a total transaction of $351,779.71. Following the completion of the sale, the director directly owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the sale, the chief financial officer owned 768 shares of the company's stock, valued at approximately $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,879 shares of company stock worth $7,558,613 over the last 90 days. 2.68% of the stock is currently owned by company insiders.

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.

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