Raymond James Financial Inc. Has $3.91 Million Stock Position in Intapp, Inc. $INTA

Key Points

• Raymond James Financial Inc. has reduced its stake in Intapp, Inc. by 66.6%, now holding approximately $3.91 million worth of shares.
• Intapp reported quarterly earnings of $0.27 per share, exceeding analysts' expectations, with revenue rising 18.1% year-over-year.
• The company announced a $150 million share repurchase plan, signaling management's belief that its stock is undervalued.

Raymond James Financial Inc. reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA - Free Report) by 66.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,982 shares of the company's stock after selling 133,834 shares during the quarter. Raymond James Financial Inc. owned about 0.08% of Intapp worth $3,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Intapp by 1.4% in the first 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 in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Intapp in the first quarter worth $924,000. Thoroughbred Financial Services LLC grew its stake in shares of 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 in the last quarter. Rhumbline Advisers grew its stake in shares of Intapp by 7.2% in the first quarter. Rhumbline Advisers now owns 78,398 shares of the company's stock worth $4,577,000 after purchasing an additional 5,257 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Intapp by 4.5% in the first quarter. Vanguard Group Inc. now owns 6,652,139 shares of the company's stock worth $388,352,000 after purchasing an additional 283,923 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Intapp Price Performance

Shares of Intapp stock traded up $0.90 during trading on Thursday, hitting $45.40. The stock had a trading volume of 556,580 shares, compared to its average volume of 937,189. The firm has a market cap of $3.73 billion, a P/E ratio of -189.17, a PEG ratio of 18.96 and a beta of 0.74. The business has a fifty day moving average of $42.97 and a two-hundred day moving average of $51.62. Intapp, Inc. has a fifty-two week low of $35.51 and a fifty-two week high of $77.74.

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

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

Insiders Place Their Bets

In related news, insider Thad Jampol sold 6,184 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.06, for a total value of $260,099.04. Following the completion of the transaction, the insider owned 882,402 shares in the company, valued at $37,113,828.12. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 36,855 shares of the company's stock, valued at $1,582,922.25. This trade represents a 21.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,649 shares of company stock worth $4,224,079 over the last three months. Company insiders own 13.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stifel Nicolaus decreased their price target on Intapp from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Wall Street Zen cut Intapp from a "buy" rating to a "hold" rating in a research note on Saturday, September 6th. UBS Group decreased their price target on Intapp from $83.00 to $72.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Citigroup decreased their price target on Intapp from $66.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Finally, Barclays upped their price objective on Intapp from $44.00 to $47.00 and gave the company an "underweight" rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Intapp presently has a consensus 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.