American billionaire, and founder of Intuit, Scott D. Cook, is the main individual shareholder of the company with 2.54% ownership. The other major shareholders are institutional ones like BlackRock (8.44% ownership), T Rowe Price (5.94%), and The Vanguard Group (8.9% ownership).
| Detail | Description |
|---|---|
| Company | Intuit Inc. |
| Ownership Structure | Publicly traded company with major shareholders |
| Major Shareholders | Institutional investors like Vanguard Group, BlackRock, State Street Corporation, and individual shareholders |
| Founding Date | 1983 |
| Founder | Scott Cook and Tom Proulx |
| Headquarters | Mountain View, California, USA |
| Stock Symbol | INTU (NASDAQ) |
| Primary Business | Developing and selling financial, accounting, and tax preparation software and services for individuals and small businesses |
| Strategic Goals | Expanding cloud-based solutions, enhancing artificial intelligence and machine learning capabilities, and growing international market presence |
Additional Ownership Details
- Institutional Shareholders: Major institutional investors such as Vanguard Group, BlackRock, and State Street Corporation hold significant stakes in Intuit, providing stability and financial backing for the company’s growth initiatives.
- Public Trading: Intuit is publicly traded on the NASDAQ under the ticker symbol INTU, allowing for ownership by a diverse range of institutional and individual investors.
- Corporate Strategy: Intuit focuses on delivering innovative financial solutions that simplify the lives of consumers and small businesses. Key products include TurboTax, QuickBooks, Mint, and Credit Karma.
- Innovation and Technology: Intuit invests heavily in cloud computing, artificial intelligence, and machine learning to enhance its product offerings and improve user experience. The company aims to provide data-driven insights and automation to help users make informed financial decisions.
- Acquisitions and Growth: Intuit has pursued strategic acquisitions to expand its product portfolio and market reach, including the purchase of Credit Karma in 2020 and Mailchimp in 2021. These acquisitions align with Intuit’s goal of becoming a comprehensive financial platform for consumers and small businesses.
- Customer-Centric Approach: Intuit prioritizes customer satisfaction by offering user-friendly software solutions, personalized support, and continuous product improvements based on customer feedback. The company seeks to empower users to achieve financial prosperity and success.
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