TimesSquare Capital Management LLC lifted its position in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 602,236 shares of the company’s stock after acquiring an additional 91,959 shares during the quarter. TimesSquare Capital Management LLC owned 0.75% of Intapp worth $27,594,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. First Horizon Corp purchased a new stake in shares of Intapp during the 4th quarter worth approximately $44,000. CWM LLC boosted its stake in shares of Intapp by 77.8% during the 3rd quarter. CWM LLC now owns 1,604 shares of the company’s stock worth $66,000 after acquiring an additional 702 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Intapp during the 3rd quarter worth approximately $66,000. Assetmark Inc. boosted its stake in shares of Intapp by 33.2% during the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock worth $72,000 after acquiring an additional 440 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Intapp by 208.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock valued at $95,000 after buying an additional 1,248 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.
Intapp Stock Performance
INTA stock opened at $20.87 on Tuesday. Intapp, Inc. has a 1 year low of $19.24 and a 1 year high of $58.79. The stock’s 50 day moving average price is $23.76 and its 200 day moving average price is $32.56. The firm has a market cap of $1.61 billion, a P/E ratio of -45.37 and a beta of 0.49.
Intapp declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on INTA. Stifel Nicolaus reduced their target price on Intapp from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Citigroup upped their target price on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group reduced their target price on Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Truist Financial set a $35.00 target price on Intapp in a research note on Wednesday, February 4th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Intapp in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.57.
View Our Latest Report on Intapp
About Intapp
Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.
Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.
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