Institutional Investors Boost Confidence in Intuit as American National Bank Increases Stake
San Diego, Monday, 2 June 2025.
American National Bank’s purchase of 1,030 Intuit shares highlights growing confidence among institutional investors in the company’s performance, amid technology-focused investment trends in financial software industries.
Intuit’s Prominent Position in Institutional Investments
The recent acquisition of Intuit Inc. (NASDAQ: INTU) shares by American National Bank & Trust, totaling 1,030 additional shares, underscores a significant vote of confidence in the company by institutional investors. American National Bank & Trust has increased its stake in Intuit by 6.9% in the first quarter of 2025, bringing their total ownership to 15,900 shares valued at $9,762,000 [1]. This investor confidence is part of a broader trend, where technology companies like Intuit, known for their financial management software solutions, have become attractive candidates for investment by large financial entities [GPT].
Intuit’s Market Performance and Analyst Ratings
Shares of Intuit have consistently garnered positive attention from analysts, many of whom maintain a ‘Moderate Buy’ rating with a consensus price target of $785.33. Jefferies Financial Group even set a higher target price of $850, affirming their favorable view [1]. Bank of America similarly revised their price target upward from $730 to $875 boosting market sentiment [1]. However, despite these optimistic outlooks, Intuit’s stock has recently traded down by 0.7% to $752.04 as of the article date [1].
Broader Institutional Interest in Intuit
Gradient Investments LLC has also demonstrated increased confidence in Intuit by expanding its holdings by 19.6% during the first quarter of 2025, now owning 34,886 shares valued at approximately $21,420,000 [2]. This move further solidifies the perception of Intuit as a lucrative long-term investment, particularly as institutional investors currently own a significant 83.66% of the company’s stock [2].
Looking Ahead: Intuit’s Strategic Moves
Intuit continues to show strong revenue growth, driven by advancements in AI and technology across its diverse platforms, including TurboTax, Credit Karma, and QuickBooks [3]. Intuit’s commitment to AI and customer-centric innovations, such as the development of AI-powered tax assistance services, positions it to sustain ongoing double-digit sales and earnings growth. This is further supported by Wall Street’s confidence, as evidenced by the continued interest from major stakeholders like GAMMA Investing LLC, which holds a massive $17.35 billion stock position in Intuit [3].