New York State Common Retirement Fund Grows Stock Holdings in Intapp, Inc. (NASDAQ:INTA)

New York State Common Retirement Fund increased its holdings in shares of Intapp, Inc. (NASDAQ:INTA) by 26.3% in the fourth quarter, Holdings Channel reports. The firm owned 280,102 shares of the company’s stock after acquiring an additional 58,294 shares during the period. New York State Common Retirement Fund’s holdings in Intapp were worth $17,952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in Intapp by 7.8% during the 3rd quarter. FMR LLC now owns 5,658,957 shares of the company’s stock worth $270,668,000 after purchasing an additional 411,434 shares during the period. Bamco Inc. NY lifted its position in Intapp by 1.2% during the 3rd quarter. Bamco Inc. NY now owns 2,850,455 shares of the company’s stock worth $136,337,000 after acquiring an additional 34,409 shares in the last quarter. Praesidium Investment Management Company LLC lifted its position in Intapp by 15.3% during the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,930,095 shares of the company’s stock worth $92,316,000 after acquiring an additional 256,327 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Intapp by 29.9% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,492,620 shares of the company’s stock worth $71,392,000 after acquiring an additional 343,275 shares during the period. Finally, Geode Capital Management LLC grew its position in Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company’s stock valued at $50,291,000 after acquiring an additional 95,035 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Stock Down 4.7 %

Shares of NASDAQ INTA opened at $66.11 on Friday. The stock’s 50 day moving average price is $68.13 and its two-hundred day moving average price is $56.78. Intapp, Inc. has a 52-week low of $30.36 and a 52-week high of $77.74. The stock has a market capitalization of $5.25 billion, a P/E ratio of -227.96 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.25). Intapp had a negative net margin of 4.78% and a negative return on equity of 1.86%. On average, analysts anticipate that Intapp, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO John T. Hall sold 70,986 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $68.83, for a total transaction of $4,885,966.38. Following the sale, the chief executive officer now owns 5,026,096 shares in the company, valued at $345,946,187.68. This represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David H. Morton, Jr. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $64.83, for a total value of $648,300.00. Following the sale, the chief financial officer now owns 17,331 shares in the company, valued at $1,123,568.73. The trade was a 36.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 287,688 shares of company stock worth $19,019,774 over the last quarter. 13.02% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on INTA. Truist Financial boosted their target price on shares of Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays boosted their price objective on shares of Intapp from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Raymond James restated a “market perform” rating on shares of Intapp in a research note on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and issued a $71.00 price target (up previously from $60.00) on shares of Intapp in a research note on Tuesday, February 4th. Finally, UBS Group boosted their price target on Intapp from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Intapp currently has an average rating of “Moderate Buy” and a consensus price target of $66.45.

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.