Brown Miller Wealth Management LLC Acquires Shares of 418 Intuit Inc. $INTU

Key Points

• Brown Miller Wealth Management LLC has acquired 418 shares of Intuit Inc. (NASDAQ: INTU), valued at approximately $329,000 during the 2nd quarter, indicating growing interest in the software maker among institutional investors.
• Intuit recently reported earnings per share of $2.75 for the last quarter, exceeding expectations, and set guidance for Q1 2026 earnings between 3.050 and 3.120 EPS.
• The company announced an increase in its quarterly dividend from $1.04 to $1.20 per share, reflecting a commitment to returning value to shareholders.

Brown Miller Wealth Management LLC bought a new position in Intuit Inc. (NASDAQ:INTU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 418 shares of the software maker's stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of Intuit during the first quarter valued at about $882,031,000. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the first quarter worth about $785,564,000. Price T Rowe Associates Inc. MD boosted its stake in Intuit by 7.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,018,770 shares of the software maker's stock valued at $5,537,435,000 after buying an additional 649,212 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Intuit by 55.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,053,197 shares of the software maker's stock valued at $646,613,000 after buying an additional 375,742 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Intuit by 6.8% in the 1st quarter. Wellington Management Group LLP now owns 5,655,249 shares of the software maker's stock worth $3,472,266,000 after acquiring an additional 358,328 shares during the last quarter. Institutional investors own 83.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. CLSA started coverage on Intuit in a research report on Thursday, June 26th. They set an "outperform" rating and a $900.00 target price for the company. Wells Fargo & Company set a $880.00 price objective on shares of Intuit and gave the company an "overweight" rating in a research report on Friday, June 13th. Oppenheimer boosted their target price on shares of Intuit from $742.00 to $868.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. KeyCorp decreased 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, Wall Street Zen lowered Intuit from a "buy" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $791.82.

Intuit Price Performance

Shares of INTU stock opened at $679.94 on Friday. Intuit Inc. has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $700.95 and a two-hundred day simple moving average of $692.11. The stock has a market capitalization of $189.57 billion, a price-to-earnings ratio of 49.49, a P/E/G ratio of 2.62 and a beta of 1.25.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm's quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous 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, analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Increases Dividend

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

Insider Buying and Selling

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $768.43, for a total value of $255,887.19. Following the transaction, the director owned 15,474 shares of the company's stock, valued at $11,890,685.82. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sandeep Aujla sold 42 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $27,929.58. Following the transaction, the chief financial officer owned 831 shares of the company's stock, valued at approximately $552,606.69. This trade represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,785 shares of company stock worth $2,029,299 over the last ninety days. 2.68% of the stock is currently owned by company insiders.

Intuit 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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