BMO Capital Markets Issues Positive Forecast for i3 Verticals (NASDAQ:IIIV) Stock Price

i3 Verticals (NASDAQ:IIIV) had its price target lifted by BMO Capital Markets from $22.00 to $26.00 in a research report released on Monday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on IIIV. Benchmark restated a “buy” rating and set a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Stephens restated an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Finally, KeyCorp boosted their price target on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.86.

i3 Verticals Trading Up 3.5 %

Shares of NASDAQ IIIV opened at $29.22 on Monday. The firm has a market capitalization of $980.04 million, a price-to-earnings ratio of 6.51 and a beta of 1.51. i3 Verticals has a one year low of $18.21 and a one year high of $29.80. The business has a fifty day simple moving average of $24.06 and a 200 day simple moving average of $23.29.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a net margin of 41.85% and a return on equity of 3.59%. On average, research analysts anticipate that i3 Verticals will post 0.9 earnings per share for the current fiscal year.

Insider Transactions at i3 Verticals

In related news, President Frederick Stanford sold 17,577 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total transaction of $444,346.56. Following the transaction, the president now owns 100,000 shares in the company, valued at $2,528,000. This represents a 14.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 59.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On i3 Verticals

A number of institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of i3 Verticals in the third quarter valued at approximately $109,000. AlphaQuest LLC boosted its position in i3 Verticals by 688,600.0% in the 4th quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock valued at $159,000 after buying an additional 6,886 shares during the last quarter. SG Americas Securities LLC boosted its position in i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock valued at $199,000 after buying an additional 3,323 shares during the last quarter. Atom Investors LP bought a new stake in shares of i3 Verticals during the third quarter worth $218,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of i3 Verticals during the second quarter worth $292,000. 84.22% of the stock is owned by institutional investors.

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.