Milestone Asset Management LLC Makes New Investment in Intuit Inc. $INTU

Milestone Asset Management LLC bought a new position in shares of Intuit Inc. (NASDAQ:INTU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,255 shares of the software maker’s stock, valued at approximately $4,139,000. Intuit accounts for approximately 0.9% of Milestone Asset Management LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares during the period. Wealth Group Ltd. acquired a new stake in shares of Intuit in the 1st quarter worth about $493,000. Capital Investment Advisory Services LLC increased its holdings in shares of Intuit by 15.2% in the 1st quarter. Capital Investment Advisory Services LLC now owns 809 shares of the software maker’s stock worth $497,000 after acquiring an additional 107 shares during the period. Finally, World Investment Advisors increased its holdings in shares of Intuit by 19.3% in the 1st quarter. World Investment Advisors now owns 1,186 shares of the software maker’s stock worth $728,000 after acquiring an additional 192 shares during the period. 83.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on INTU shares. Morgan Stanley dropped their price objective on shares of Intuit from $900.00 to $880.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Stifel Nicolaus lowered their target price on shares of Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Barclays lowered their target price on shares of Intuit from $815.00 to $785.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Wall Street Zen raised shares of Intuit from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. 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 report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $791.82.

Intuit Trading Up 1.3%

NASDAQ:INTU opened at $676.19 on Tuesday. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The firm has a market cap of $188.53 billion, a price-to-earnings ratio of 49.21, a P/E/G ratio of 2.53 and a beta of 1.25. 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 company’s 50 day moving average is $669.45 and its 200-day moving average is $703.96.

Intuit (NASDAQ:INTU) last released its quarterly 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 net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm posted $1.99 earnings per share. The company’s quarterly revenue 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 analysts anticipate that Intuit Inc. will post 14.09 EPS for the current year.

Intuit Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were paid a dividend of $1.20 per share. 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%. The ex-dividend date was Thursday, October 9th. Intuit’s dividend payout ratio is presently 34.93%.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $661.15, for a total value of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at approximately $9,570,146.25. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $664.99, for a total transaction of $351,779.71. Following the transaction, the director owned 6,162,547 shares in the company, valued at approximately $4,098,032,129.53. This trade represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,407 shares of company stock valued at $1,614,913. 2.68% of the stock is owned by 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.