i3 Verticals, Inc. (NASDAQ:IIIV) Shares Sold by 272 Capital LP

272 Capital LP lowered its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,021 shares of the company’s stock after selling 16,730 shares during the quarter. i3 Verticals comprises 2.8% of 272 Capital LP’s portfolio, making the stock its 9th largest position. 272 Capital LP owned approximately 0.76% of i3 Verticals worth $5,653,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Long Path Partners LP bought a new stake in i3 Verticals during the second quarter valued at $12,756,000. Hood River Capital Management LLC boosted its position in i3 Verticals by 6.3% during the 2nd quarter. Hood River Capital Management LLC now owns 1,190,184 shares of the company’s stock valued at $26,279,000 after purchasing an additional 70,253 shares during the period. Continental Advisors LLC bought a new position in i3 Verticals during the 2nd quarter worth $635,000. Dimensional Fund Advisors LP increased its position in i3 Verticals by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 484,494 shares of the company’s stock worth $10,698,000 after buying an additional 13,880 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of i3 Verticals by 4.5% during the second quarter. Victory Capital Management Inc. now owns 45,700 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,950 shares during the period. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Performance

Shares of NASDAQ IIIV opened at $21.68 on Tuesday. i3 Verticals, Inc. has a 1 year low of $17.54 and a 1 year high of $25.51. The firm has a market cap of $725.67 million, a P/E ratio of 2,168.00 and a beta of 1.54. The stock has a fifty day moving average price of $22.59 and a two-hundred day moving average price of $21.83. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.98 and a current ratio of 2.98.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.31). The firm had revenue of $56.04 million for the quarter, compared to the consensus estimate of $96.43 million. i3 Verticals had a negative net margin of 0.01% and a positive return on equity of 5.99%. Research analysts forecast that i3 Verticals, Inc. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IIIV has been the subject of a number of analyst reports. Raymond James reduced their target price on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research note on Monday, August 12th. KeyCorp reduced their price objective on i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Stephens restated an “overweight” rating and issued a $29.00 target price on shares of i3 Verticals in a research report on Friday, August 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, i3 Verticals presently has an average rating of “Moderate Buy” and an average target price of $26.83.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.