Victory Capital Management Inc. Has $1.03 Million Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Victory Capital Management Inc. lifted its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,500 shares of the company’s stock after purchasing an additional 2,800 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of i3 Verticals worth $1,034,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Hood River Capital Management LLC lifted its position in shares of i3 Verticals by 6.3% during the second quarter. Hood River Capital Management LLC now owns 1,190,184 shares of the company’s stock worth $26,279,000 after purchasing an additional 70,253 shares in the last quarter. Long Path Partners LP acquired a new position in shares of i3 Verticals during the second quarter worth approximately $12,756,000. TimesSquare Capital Management LLC acquired a new position in i3 Verticals in the third quarter valued at approximately $11,373,000. Dimensional Fund Advisors LP lifted its holdings in i3 Verticals by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 484,494 shares of the company’s stock valued at $10,698,000 after buying an additional 13,880 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in i3 Verticals by 33.2% in the second quarter. Assenagon Asset Management S.A. now owns 429,065 shares of the company’s stock valued at $9,474,000 after buying an additional 107,054 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Stock Up 4.5 %

Shares of NASDAQ:IIIV opened at $24.86 on Thursday. The company has a 50 day moving average price of $23.06 and a two-hundred day moving average price of $22.03. 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, Inc. has a 52 week low of $17.54 and a 52 week high of $26.66. The company has a market capitalization of $839.99 million, a PE ratio of 5.59 and a beta of 1.53.

Analysts Set New Price Targets

IIIV has been the topic of several analyst reports. DA Davidson restated a “buy” rating and issued a $32.00 price objective on shares of i3 Verticals in a report on Monday, September 30th. BMO Capital Markets cut their price objective on shares of i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, October 3rd. Raymond James cut their price objective on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Monday, August 12th. Stephens reaffirmed an “overweight” rating and issued a $29.00 target price on shares of i3 Verticals in a research note on Tuesday, November 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, i3 Verticals presently has an average rating of “Moderate Buy” and an average target price of $27.14.

i3 Verticals Company Profile

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.