QuickBooks is possessed by Intuit, a renowned corporation in the financial software industry.
Let's dive into the world of QuickBooks, a financial powerhouse from the Intuit Group!
Scott D. Cook, American tech mogul and Intuit founder, is the principal individual shareholder, owning a whopping 2.54% of the company. However, the lion's share belongs to institutional heavyweights like BlackRock (8.44%), T Rowe Price (5.94%), and The Vanguard Group (8.9%).
Now, let's take a peek into the parent company, Intuit Inc. — a leading financial software powerhouse. Intuit acquired QuickBooks, its flagship product, and has since managed it as a valuable asset in its extensive lineup of financial solutions for small businesses and individuals.
The ball got rolling with Intuit's successful original offering, Quicken, designed for personal financial management. QuickBooks, developed to cater to small business accounting needs, has since reigned as a market leader in the segment.
Intuit's strategy revolves around providing comprehensive financial solutions that simplify business management. By integrating QuickBooks with other Intuit offerings like TurboTax and Mailchimp, they offer a seamless experience for small businesses.
QuickBooks switched gears from a desktop application to a cloud-based platform, giving users the flexibility to manage finances online. QuickBooks Online enables real-time access to financial data, empowering businesses to make informed decisions swiftly.
Intuit remains on the cutting edge by pumping money into artificial intelligence and machine learning, enhancing QuickBooks' capabilities. Automating routine tasks, providing predictive analytics insights, and improving user experience are all part of the package.
In terms of global reach, QuickBooks is expanding, tailoring products for diverse financial environments. The goal is to support small businesses worldwide with tools adapted to local accounting practices.
User satisfaction sits high on QuickBooks' priority list. Offering intuitive interfaces, robust customer support, and educational resources, it aims to cater to business owners with varying accounting expertise. Managing everything from invoicing to payroll, the platform is accessible to all.
Now, about who owns the rest of the scene:
While specifics weren't found on other major institutional shareholders, it's known that 82.99% of the company is owned by institutional shareholders[3]. A notable recent transaction was made by JPMorgan Chase & Co., which added a substantial number of shares to their portfolio, increasing their holdings by 14.7%[4]. Insiders and retail investors own 5.87% and 11.14%, respectively[3].
For an exhaustive list of major institutional shareholders, you'd typically delve into the latest SEC filings or financial reports from Intuit Inc. or utilize financial data platforms that track shareholder compositions.
More riches to explore:
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- The rest of QuickBooks' shares, apart from those owned by Scott D. Cook, institutional heavyweights, and insiders, are held by other major institutional investors.
- JPMorgan Chase & Co. recently increased its holdings in QuickBooks by 14.7%, making it a significant institutional shareholder.
- As of the latest SEC filings or financial reports, retail investors own 11.14% of QuickBooks.
- For a comprehensive list of all major institutional shareholders, one may refer to the latest SEC filings, financial reports, or utilize financial data platforms that track shareholder compositions.
- In the realm of financial software, QuickBooks has numerous alternatives such as those from Microsoft, Sage, and Xero.
- As with other tech, finance, and consumer goods titans, the ownership structures of Google, Coca-Cola, Apple, Pixar, IKEA, Fox News, and Facebook are equally fascinating stories to explore.
