Jane Street Group LLC Reduces Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Jane Street Group LLC reduced its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 23.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,625 shares of the company’s stock after selling 7,822 shares during the period. Jane Street Group LLC owned about 0.08% of i3 Verticals worth $546,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IIIV. State Street Corp grew its holdings in i3 Verticals by 0.5% during the 3rd quarter. State Street Corp now owns 495,943 shares of the company’s stock valued at $10,569,000 after buying an additional 2,664 shares during the last quarter. Portolan Capital Management LLC grew its holdings in i3 Verticals by 3.8% during the 3rd quarter. Portolan Capital Management LLC now owns 653,072 shares of the company’s stock valued at $13,917,000 after buying an additional 23,921 shares during the last quarter. Atom Investors LP acquired a new stake in i3 Verticals during the 3rd quarter valued at $218,000. Quantbot Technologies LP acquired a new stake in i3 Verticals during the 3rd quarter valued at $109,000. Finally, Long Path Partners LP grew its holdings in i3 Verticals by 61.5% during the 3rd quarter. Long Path Partners LP now owns 933,098 shares of the company’s stock valued at $19,884,000 after buying an additional 355,392 shares during the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the completion of the sale, the president now owns 100,000 shares of the company’s stock, valued at approximately $2,528,000. The trade was a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.00% of the stock is owned by company insiders.

i3 Verticals Trading Up 1.0 %

IIIV stock opened at $23.52 on Monday. The stock has a 50-day moving average price of $23.82 and a two-hundred day moving average price of $22.83. i3 Verticals, Inc. has a 12-month low of $17.54 and a 12-month high of $26.66. The company has a market cap of $788.86 million, a PE ratio of 5.29 and a beta of 1.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stephens reiterated an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. BMO Capital Markets decreased their price objective on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, October 3rd. DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of i3 Verticals in a report on Monday, September 30th. Finally, Benchmark restated a “buy” rating and set a $33.00 price objective on shares of i3 Verticals in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.