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Can Intuit's Venture Investment in Wildfire Push the Stock Up?
INTUIntuit(INTU) ZACKS·2024-10-29 16:40

Intuit (INTU) shares have declined 1.5% year to date (YTD) against the broader Zacks Computer and Technology sector's increase of 27%. It has also lagged the Zacks Computer Software industry and peers like Progress Software (PRGS) , SS&C Technologies (SSNC) and Trend Micro (TMICY) . Shares of PRGS and SSNC have returned 20.4% and 16%, respectively, while TMICY has declined 0.9% at the same time. The industry has appreciated 15% YTD. The company recently announced a Venture investment in Wildfire's Series B ...