Knights of Columbus Asset Advisors LLC Makes New Investment in Intapp, Inc. $INTA

Key Points

• Knights of Columbus Asset Advisors LLC has acquired 23,610 shares of Intapp, Inc., valued at approximately $1,219,000, marking a significant addition to its investment portfolio in the second quarter.
• Analyst ratings for Intapp show mixed opinions, with four analysts giving a Buy rating, while others assigned Hold and Sell ratings, leading to a consensus rating of "Hold" with an average target price of $60.63.
• Intapp has implemented a $150 million stock buyback plan, indicating the board's belief that the stock is undervalued, alongside a recent earnings report exceeding analyst expectations.

Knights of Columbus Asset Advisors LLC bought a new position in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,610 shares of the company's stock, valued at approximately $1,219,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Truist Financial Corp grew its holdings in Intapp by 378.5% during the 2nd quarter. Truist Financial Corp now owns 26,188 shares of the company's stock worth $1,352,000 after acquiring an additional 20,715 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Intapp by 19.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 7,050 shares of the company's stock valued at $364,000 after purchasing an additional 1,142 shares during the last quarter. Rezny Wealth Management Inc. boosted its stake in shares of Intapp by 18.8% in the 2nd quarter. Rezny Wealth Management Inc. now owns 28,732 shares of the company's stock valued at $1,483,000 after purchasing an additional 4,537 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Intapp in the 2nd quarter valued at $402,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Intapp in the 2nd quarter valued at $499,000. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

INTA has been the topic of a number of analyst reports. Barclays upped their price objective on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research note on Wednesday, August 13th. Citigroup reduced their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research note on Sunday, September 14th. UBS Group reduced their price objective on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intapp in a research note on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $60.63.

Intapp Trading Down 1.5%

INTA opened at $39.20 on Wednesday. The company's fifty day moving average price is $42.49 and its two-hundred day moving average price is $49.16. Intapp, Inc. has a 1-year low of $35.51 and a 1-year high of $77.74. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -163.33, a PEG ratio of 16.96 and a beta of 0.71.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The firm had revenue of $135.04 million for the quarter, compared to the consensus estimate of $132.07 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The business's revenue 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. As a group, equities analysts forecast that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Intapp declared that its board has authorized a stock buyback plan on Tuesday, August 12th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $42.95, for a total value of $429,500.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John T. Hall sold 8,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $43.46, for a total transaction of $347,680.00. Following the transaction, the chief executive officer owned 5,598,775 shares of the company's stock, valued at approximately $243,322,761.50. The trade was a 0.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,169 shares of company stock valued at $4,292,798 over the last 90 days. 13.02% of the stock is currently owned by company insiders.

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.

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