i3 Verticals, Inc. (NASDAQ:IIIV) Stock Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 49.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,652 shares of the company’s stock after purchasing an additional 24,152 shares during the quarter. Victory Capital Management Inc. owned about 0.22% of i3 Verticals worth $1,674,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of i3 Verticals by 112.3% during the 3rd quarter. Barclays PLC now owns 41,036 shares of the company’s stock worth $873,000 after buying an additional 21,709 shares in the last quarter. Long Path Partners LP raised its position in shares of i3 Verticals by 61.5% during the 3rd quarter. Long Path Partners LP now owns 933,098 shares of the company’s stock worth $19,884,000 after buying an additional 355,392 shares in the last quarter. State Street Corp raised its position in shares of i3 Verticals by 0.5% during the 3rd quarter. State Street Corp now owns 495,943 shares of the company’s stock worth $10,569,000 after buying an additional 2,664 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of i3 Verticals by 1,855.9% during the 4th quarter. New York State Common Retirement Fund now owns 175,833 shares of the company’s stock worth $4,051,000 after buying an additional 166,843 shares in the last quarter. Finally, Equitable Trust Co. bought a new stake in shares of i3 Verticals during the 4th quarter worth about $746,000. 84.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on IIIV. KeyCorp boosted their price target on shares of i3 Verticals from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $33.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. DA Davidson boosted their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Stephens reiterated an “overweight” rating and issued a $29.00 target price on shares of i3 Verticals in a report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, i3 Verticals has an average rating of “Moderate Buy” and an average price target of $29.86.

i3 Verticals Price Performance

i3 Verticals stock opened at $24.02 on Wednesday. The firm’s 50 day simple moving average is $25.54 and its 200-day simple moving average is $23.94. The company has a market cap of $794.44 million, a P/E ratio of 5.35 and a beta of 1.52. i3 Verticals, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $29.80.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. On average, analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

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.