Polymer Capital Management HK LTD Has $346,000 Position in Intuit Inc. (NASDAQ:INTU)

Polymer Capital Management HK LTD grew its holdings in Intuit Inc. (NASDAQ:INTU) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 550 shares of the software maker’s stock after buying an additional 50 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Intuit were worth $346,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Intuit in the fourth quarter valued at about $25,000. NewSquare Capital LLC grew its stake in shares of Intuit by 72.0% in the 4th quarter. NewSquare Capital LLC now owns 43 shares of the software maker’s stock valued at $27,000 after purchasing an additional 18 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Intuit in the 4th quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Intuit during the 4th quarter worth approximately $28,000. Finally, Summit Securities Group LLC acquired a new stake in Intuit in the 4th quarter valued at $28,000. 83.66% of the stock is owned by institutional investors.

Intuit Stock Performance

Intuit stock opened at $561.53 on Monday. Intuit Inc. has a 1 year low of $533.55 and a 1 year high of $714.78. The company’s 50-day moving average is $595.64 and its two-hundred day moving average is $620.70. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $156.98 billion, a PE ratio of 54.52, a PEG ratio of 2.85 and a beta of 1.25.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Thursday, April 10th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.16 dividend on an annualized basis and a yield of 0.74%. Intuit’s payout ratio is presently 38.81%.

Analyst Ratings Changes

Several research firms have issued reports on INTU. Jefferies Financial Group dropped their price objective on Intuit from $800.00 to $735.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Redburn Atlantic began coverage on shares of Intuit in a report on Wednesday, February 19th. They set a “neutral” rating for the company. Mizuho boosted their price target on shares of Intuit from $750.00 to $765.00 and gave the company an “outperform” rating in a research report on Monday, March 3rd. Citigroup dropped their price objective on shares of Intuit from $760.00 to $726.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, BNP Paribas downgraded Intuit from a “neutral” rating to an “underperform” rating and set a $530.00 target price on the stock. in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $718.00.

Insider Buying and Selling at Intuit

In related news, EVP Laura A. Fennell sold 4,788 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $613.62, for a total value of $2,938,012.56. Following the completion of the sale, the executive vice president now owns 30,010 shares in the company, valued at approximately $18,414,736.20. This represents a 13.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Sandeep Aujla sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $626.42, for a total value of $814,346.00. Following the transaction, the chief financial officer now owns 644 shares in the company, valued at approximately $403,414.48. This trade represents a 66.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,862 shares of company stock worth $18,767,673. Insiders own 2.68% of the company’s stock.

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.