Nicholas Company Inc. boosted its position in shares of Intapp, Inc. (NASDAQ:INTA – Free Report) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,124 shares of the company’s stock after purchasing an additional 20,419 shares during the period. Nicholas Company Inc. owned approximately 0.18% of Intapp worth $6,787,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. First Horizon Corp purchased a new position in Intapp during the fourth quarter worth about $44,000. CWM LLC raised its stake in shares of Intapp by 77.8% in the 3rd quarter. CWM LLC now owns 1,604 shares of the company’s stock valued at $66,000 after acquiring an additional 702 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Intapp in the 3rd quarter valued at approximately $66,000. Assetmark Inc. raised its stake in shares of Intapp by 33.2% in the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company’s stock valued at $72,000 after acquiring an additional 440 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of 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 acquiring an additional 1,248 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.
Intapp Price Performance
NASDAQ INTA opened at $24.84 on Monday. Intapp, Inc. has a 52 week low of $19.24 and a 52 week high of $58.84. The stock has a market capitalization of $1.91 billion, a PE ratio of -54.00, a price-to-earnings-growth ratio of 88.71 and a beta of 0.49. The firm has a 50 day moving average of $24.08 and a two-hundred day moving average of $33.41.
Intapp declared that its board has approved a stock repurchase program on Tuesday, February 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Intapp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Truist Financial set a $35.00 price target on shares of Intapp in a research note on Wednesday, February 4th. Barclays boosted their price target on shares of Intapp from $20.00 to $25.00 and gave the company an “underweight” rating in a research note on Wednesday. Citigroup boosted their price target on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group reduced their price target on shares of Intapp from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.57.
Get 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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