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Valued at a market cap of $164.4 billion, Intuit Inc. (INTU) is a financial software company that develops and sells financial, accounting, and tax preparation software and related services for small businesses, consumers, and accounting professionals. The Mountain View, California-based company’s offerings include QuickBooks financial and business-management online services, payroll solutions, merchant payment-processing solutions, and financing for small businesses.
Shares of this financial software giant have significantly lagged behind the broader market over the past 52 weeks. Intuit has declined 11.6% over this time frame, while the broader S&P 500 Index ($SPX) has soared 22.5%. Moreover, on a YTD basis, the stock is down 7.7%, compared to SPX’s 4.2% rise.