5 Most Profitable SaaS Companies for 2023

3. Intuit Inc. (NASDAQ:INTU)

Trailing Twelve Months Net Income: $1.87 billion

Number of Hedge Fund Holders In Q3 2022: 86

Intuit Inc. (NASDAQ:INTU) is a software company headquartered in Mountain View, California. The firm allows its customers to keep up to date with compliance requirements and manage their financial operations.

Intuit Inc. (NASDAQ:INTU) is one of the strongest SaaS companies in the U.S., with top selling products such as the TurboTax software being one of the best selling tax software in America. Insider Monkey took a look at 920 hedge fund portfolios for last year’s third quarter to discover that 86 had invested in the firm.

Out of these, Ken Fisher’s Fisher Asset Management is Intuit Inc. (NASDAQ:INTU)’s largest investor. It owns 1.9 million shares that are worth $755 million.

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