1,633 Shares in Intuit Inc. (NASDAQ:INTU) Purchased by Himension Capital Singapore PTE. LTD.

Himension Capital Singapore PTE. LTD. bought a new stake in Intuit Inc. (NASDAQ:INTU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,633 shares of the software maker's stock, valued at approximately $1,026,000.

Several other hedge funds also recently modified their holdings of the stock. Brown Financial Advisors lifted its position in shares of Intuit by 0.9% during the third quarter. Brown Financial Advisors now owns 1,639 shares of the software maker's stock valued at $1,018,000 after purchasing an additional 15 shares in the last quarter. True North Advisors LLC lifted its holdings in Intuit by 4.3% during the fourth quarter. True North Advisors LLC now owns 409 shares of the software maker's stock worth $257,000 after acquiring an additional 17 shares during the period. Great Diamond Partners LLC grew its stake in Intuit by 2.8% in the 4th quarter. Great Diamond Partners LLC now owns 627 shares of the software maker's stock valued at $394,000 after purchasing an additional 17 shares during the period. RB Capital Management LLC boosted its holdings in shares of Intuit by 0.6% in the 3rd quarter. RB Capital Management LLC now owns 3,169 shares of the software maker's stock worth $1,968,000 after buying an additional 18 shares during the last quarter. Finally, Pacifica Partners Inc. raised its position in Intuit by 27.7% in the fourth quarter. Pacifica Partners Inc. now owns 83 shares of the software maker's stock worth $52,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

Intuit Price Performance

Shares of Intuit stock traded up $4.27 during trading on Friday, hitting $581.74. 557,388 shares of the stock traded hands, compared to its average volume of 1,926,280. The stock has a market cap of $162.63 billion, a price-to-earnings ratio of 56.48, a PEG ratio of 2.85 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 52 week low of $532.65 and a 52 week high of $714.78. The firm's fifty day moving average is $591.80 and its 200-day moving average is $617.88.

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Intuit Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Thursday, April 10th will be given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, April 10th. Intuit's payout ratio is presently 38.81%.

Analysts Set New Price Targets

Several equities analysts recently commented on INTU shares. Oppenheimer dropped their price objective on Intuit from $722.00 to $642.00 and set an "outperform" rating on the stock in a research note on Friday. Citigroup cut their target price on shares of Intuit from $760.00 to $726.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. StockNews.com downgraded shares of Intuit from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Jefferies Financial Group lowered their target price on shares of Intuit from $800.00 to $735.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. raised Intuit from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $640.00 to $660.00 in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $713.56.

Insider Activity at Intuit

In other news, Director Eve B. Burton sold 1,702 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $600.00, for a total transaction of $1,021,200.00. Following the completion of the sale, the director now directly owns 8 shares in the company, valued at approximately $4,800. This represents a 99.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott D. Cook sold 6,446 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $604.26, for a total value of $3,895,059.96. Following the transaction, the insider now owns 6,219,900 shares in the company, valued at approximately $3,758,436,774. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,696 shares of company stock worth $14,347,731 in the last ninety days. 2.68% of the stock is 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.