Intuit Inc. (NASDAQ:INTU) has experienced a variety of investment activity. Avantax Advisory Services, Daiwa Securities Group, AMF Tjanstepension AB, Personal CFO Solutions, and several other firms have increased their positions in the company. However, there have been some reductions in holdings as well, including Parnassus Investments' decreases and sales by Swiss National Bank and LGT Capital Partners, among others. Notwithstanding the mixed investing activity, JP Morgan and Morgan Stanley upgraded Intuit.
Notably, QuickBooks, a product under Intuit, introduced Tap To Pay on iPhone, bringing an improvement in payment solutions. Intuit also launched AI-powered Intuit Assist for QuickBooks, contributing to a competitive edge for businesses. In addition to product innovation, Intuit continues its strong financial performance, exceeding Q4 expectations and beating revenue and profit estimates. Despite the stock falling 13% over the year, the company's strong second quarter results and the high interest from investors hint towards potential recovery.
Intuit INTU News Analytics from Thu, 05 Sep 2024 07:00:00 GMT to Sat, 15 Mar 2025 19:46:36 GMT - Rating 5 - Innovation 6 - Information 3 - Rumor 7
