Patten & Patten Inc. TN Has $10.68 Million Stock Holdings in Intuit Inc. $INTU

Patten & Patten Inc. TN trimmed its stake in shares of Intuit Inc. (NASDAQ:INTU) by 6.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 15,639 shares of the software maker’s stock after selling 1,158 shares during the quarter. Patten & Patten Inc. TN’s holdings in Intuit were worth $10,680,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after purchasing an additional 27 shares during the period. Westside Investment Management Inc. raised its position in shares of Intuit by 161.5% in the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after buying an additional 21 shares in the last quarter. Dogwood Wealth Management LLC lifted its holdings in shares of Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after acquiring an additional 19 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Intuit during the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC increased its stake in Intuit by 270.0% in the second quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 over the last ninety days. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wolfe Research cut their target price on Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. KeyCorp lowered their price target on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Intuit in a research report on Thursday. BMO Capital Markets decreased their target price on Intuit from $870.00 to $810.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $850.00 target price on shares of Intuit in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $791.73.

Intuit Trading Up 3.0%

Shares of INTU stock opened at $563.97 on Friday. Intuit Inc. has a twelve month low of $520.69 and a twelve month high of $813.70. The stock’s fifty day simple moving average is $637.23 and its 200 day simple moving average is $675.80. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $156.94 billion, a P/E ratio of 38.55, a P/E/G ratio of 2.30 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $2.50 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, sell-side analysts predict that Intuit Inc. will post 14.09 EPS for the current fiscal year.

Intuit Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 9th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 9th. Intuit’s dividend payout ratio is 32.81%.

Intuit Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.