McElhenny Sheffield Capital Management LLC Invests $1.46 Million in Intapp, Inc. $INTA

Key Points

• McElhenny Sheffield Capital Management LLC has invested approximately $1.46 million in Intapp, Inc., acquiring 28,187 shares in the second quarter.
• Intapp recently reported earnings of $0.27 per share for the quarter, surpassing expectations, with revenue increasing by 18.1% year-over-year.
• The company's Board of Directors announced a $150 million stock repurchase plan, reflecting management's belief that the stock is undervalued.

McElhenny Sheffield Capital Management LLC bought a new position in Intapp, Inc. (NASDAQ:INTA - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 28,187 shares of the company's stock, valued at approximately $1,455,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Intapp by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 455,085 shares of the company's stock worth $26,568,000 after purchasing an additional 6,419 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Intapp in the first quarter worth $924,000. Thoroughbred Financial Services LLC grew its stake in Intapp by 128.0% in the first quarter. Thoroughbred Financial Services LLC now owns 13,768 shares of the company's stock worth $803,000 after purchasing an additional 7,729 shares during the period. Jump Financial LLC purchased a new stake in Intapp in the first quarter worth $756,000. Finally, Rhumbline Advisers lifted its position in 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 acquiring an additional 5,257 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Up 0.6%

INTA opened at $39.42 on Thursday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of -164.25, a PEG ratio of 16.70 and a beta of 0.71. The firm has a 50 day moving average price of $42.46 and a 200-day moving average price of $49.09. Intapp, Inc. has a twelve month low of $35.51 and a twelve month high of $77.74.

Intapp (NASDAQ:INTA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $135.04 million for the quarter, compared to the consensus estimate of $132.07 million. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. 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, analysts expect that Intapp, Inc. will post -0.14 earnings per share for the current year.

Intapp announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 12th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 5.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTA. Stifel Nicolaus lowered their price target on shares of Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Barclays lifted their price target on shares of Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Intapp from a "hold" rating to a "buy" rating in a research report on Sunday, September 14th. Citigroup lowered their price target on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Intapp in a research report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.63.

Insider Activity at Intapp

In related news, insider Thad Jampol sold 6,184 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $260,099.04. Following the transaction, the insider owned 882,402 shares in the company, valued at $37,113,828.12. This represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele Murgel sold 5,425 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total transaction of $228,175.50. Following the sale, the insider owned 224,522 shares of the company's stock, valued at $9,443,395.32. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,169 shares of company stock valued at $4,292,798 over the last quarter. 13.02% of the stock is owned by company insiders.

Intapp Company 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.

Want to see what other hedge funds are holding INTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intapp, Inc. (NASDAQ:INTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.