Back to top

Image: Bigstock

Intuit Inc.

Read MoreHide Full Article

Intuit is a business and financial software company that develops and sells financial, accounting and tax preparation software and related services. We are positive about Intuit’s growing SMB exposure and believe that its strategic acquisitions will boost the segment. Increased adoption of its cloud-based services and products is another positive. Moreover, the company has restructured its business to focus better on QuickBooks. Intuit expects to continue investing in the portfolio, which will likely hit its near-term profitability, yet lead to substantial benefits over the long term. The company is also concentrating on reimaging its products with the new mobile design. However, rising competition from other payroll solution providers is a concern, considering the seasonality of Intuit’s tax business and the ongoing economic uncertainty. We note that shares of Intuit have underperformed the broader market over the last one year.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Intuit Inc. (INTU) - free report >>