Is Intuit Stock a Buy?
Shares of Intuit (NASDAQ: INTU), the financial software company that produces TurboTax, Mint, and QuickBooks, rallied more than 660% over the past 10 years and outpaced the Nasdaq Composite's gain of nearly 370%. During that decade, Intuit divested its older and weaker units, restructured its business to cut costs, and expanded into personal finance software, cloud-based analytics, and payroll services via acquisitions. Intuit and its smaller rival H&R Block (NYSE: HRB) also repeatedly lobbied against the IRS' development of free online tax services, but eventually agreed to provide free filing services for lower-income households.