Intech Investment Management LLC Grows Stock Holdings in Intapp, Inc. $INTA

Key Points

• Intech Investment Management LLC increased its position in Intapp, Inc. by 89.1% during the first quarter, owning 32,017 shares valued at approximately $1.87 million.
• Intapp recently reported earnings of $0.27 per share, exceeding analyst expectations, and had a revenue growth of 18.1% year-over-year.
• Intapp's Board of Directors approved a $150 million share repurchase plan, indicating confidence in the company's stock value.

Intech Investment Management LLC grew its position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 89.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,017 shares of the company's stock after purchasing an additional 15,087 shares during the quarter. Intech Investment Management LLC's holdings in Intapp were worth $1,869,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Intapp by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 455,085 shares of the company's stock valued at $26,568,000 after purchasing an additional 6,419 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Intapp during the 1st quarter valued at about $924,000. Thoroughbred Financial Services LLC increased its position in shares of Intapp by 128.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock valued at $803,000 after purchasing an additional 7,729 shares during the last quarter. Jump Financial LLC bought a new position in shares of Intapp during the 1st quarter valued at about $756,000. Finally, Rhumbline Advisers increased its position in shares of Intapp by 7.2% during the 1st quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock valued at $4,577,000 after purchasing an additional 5,257 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Intapp news, insider Thad Jampol sold 6,184 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total transaction of $260,099.04. Following the sale, the insider directly owned 882,402 shares of the company's stock, valued at approximately $37,113,828.12. This trade represents a 0.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $42.95, for a total value of $429,500.00. Following the sale, the chief financial officer directly owned 36,855 shares in the company, valued at $1,582,922.25. This represents a 21.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,169 shares of company stock worth $4,292,798 over the last three months. Corporate insiders own 13.02% of the company's stock.

Intapp Stock Down 1.7%

NASDAQ:INTA traded down $0.79 during midday trading on Friday, hitting $44.54. The stock had a trading volume of 889,514 shares, compared to its average volume of 816,231. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -185.58, a PEG ratio of 19.31 and a beta of 0.74. The stock has a 50-day moving average of $42.72 and a 200 day moving average of $50.80. Intapp, Inc. has a one year low of $35.51 and a one year high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Intapp had a negative return on equity of 0.89% and a negative net margin of 3.61%.The business had revenue of $135.04 million for the quarter, compared to analysts' expectations of $132.07 million. During the same quarter last year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 18.1% on a year-over-year basis. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. On average, sell-side analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp announced that its board has approved a share buyback plan on Tuesday, August 12th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INTA. Stifel Nicolaus reduced their price objective on Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. UBS Group reduced their price target on Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Barclays raised their price target on Intapp from $44.00 to $47.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 13th. Citigroup reduced their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded Intapp from a "hold" rating to a "buy" rating in a research report on Sunday, September 14th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $60.63.

Intapp Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.