Top 15 Tech Stocks in Billionaire Ken Fisher’s Portfolio

13. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 91

Fisher Asset Management Equity Stake: $879.95 Million

Intuit Inc. (NASDAQ:INTU) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Intuit Inc. (NASDAQ:INTU) confirmed it has enhanced its Intuit Enterprise Suite with the inclusion of multi-entity close automation, dimensional reporting capabilities, and construction industry features. The suite will also come with an integrated Human Capital Management solution.

The addition of the new features is part of an effort that strengthens the company’s push to target mid-market businesses managing multiple entity projects or locations. The businesses will now be able to handle more than 200 entities and millions of dollars in revenue.

The automated cross-entity accounting workflows features will allow mid-market businesses to generate and track intercompany eliminations at the transaction level. Additionally, they will be suited to customize hierarchies for tax, legal, and operational needs.

Intuit has also added AI-powered capabilities that automatically suggest and pre-populate categories on bills from intercompany sales. There is also a cross-company bill pay feature that enables payment for bills across entity bank accounts. The company has also expanded its project management capabilities with AI-powered cost recommendations.

Intuit Inc. (NASDAQ:INTU) is a leading financial technology (fintech) company specializing in cloud-based software for small businesses, consumers, and accounting professionals. They focus on automating financial tasks, tax preparation, accounting, and personal finance by integrating artificial intelligence (AI) into core products like QuickBooks, TurboTax, Credit Karma, and Mailchimp.