Goelzer Investment Management 13F: Exits Intuit (INTU) Stake

Goelzer Investment Management sold out its position in Intuit Inc. (NasdaqGS: INTU), cutting its stake completely by 2,189 shares.

What Changed in Goelzer Investment Management's Intuit Position

Goelzer's action represents a 100% decrease in their holdings, selling out entirely after previously holding 2,189 shares. This decision suggests a strategic shift in the fund's investment focus or market outlook for Intuit Inc.

Other Institutional Activity in Intuit

Several other institutional investors have made notable changes to their stakes in Intuit recently. BlackRock Inc. added 776,998 shares, raising its total to about 26.3 million shares valued at roughly $8.5 billion. State Street Corporation increased its holdings by 327,927 shares, bringing its total to about 13.3 million shares worth about $4.3 billion. Meanwhile, Vanguard Capital Management LLC trimmed its stake by 121,133 shares to around 17.9 million shares valued at approximately $5.8 billion.

Intuit Inc. Stock Up 4.0%

As of October 16, Intuit shares are trading around $322.75, which is below the 200-day moving average of $377.12 and significantly down 53.2% from its 52-week high of $689.17. The stock is currently above its 52-week low of $252.84 by about 27.6%.

Recent Earnings

Intuit reported trailing twelve-month revenue of about $21.4 billion, reflecting a year-over-year growth rate of 13.7%. The company's earnings per share (EPS) for the same period were $16.46, showcasing its solid profitability. The next earnings report is scheduled for November 19, 2026.

Insider Buying and Selling at Intuit Inc.

Recent insider trades include Richard Dalzell, who sold 284 shares at an average price of $282.20 on June 16, and Lauren Dale Hotz, who sold 906 shares on August 27, valued at approximately $314,288. Additionally, Richard L Dalzell sold 285 shares at $325.36 on September 8.

Analysts Set New Price Targets

Analysts remain bullish on Intuit, with Evercore ISI Group and Mizuho both reiterating an "Outperform" rating with price targets of $400.00 and $430.00, respectively, on September 18, 2026. The consensus target mean price stands at $406.92, suggesting potential upside for the stock from its current price.

About Intuit

Intuit Inc. is a leading provider of financial management software and services, primarily catering to small businesses and individuals in the U.S. The company's products include TurboTax, QuickBooks, and Mint. This recent sale by Goelzer may reflect changing views on the tech sector dynamics.

Bottom Line

As Goelzer Investment Management exits its position in Intuit, investors should keep an eye on upcoming earnings on November 19, 2026, and monitor any further trading activity from institutional investors. Remember, 13F filings reflect holdings as of the reporting period and may not represent current positions.