Rhumbline Advisers Increases Stock Position in i3 Verticals, Inc. (NASDAQ:IIIV)

Rhumbline Advisers boosted its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 18.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,049 shares of the company’s stock after acquiring an additional 5,755 shares during the period. Rhumbline Advisers owned about 0.11% of i3 Verticals worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trexquant Investment LP purchased a new stake in shares of i3 Verticals in the fourth quarter valued at about $470,000. Cape Investment Advisory Inc. purchased a new stake in shares of i3 Verticals in the fourth quarter valued at about $30,000. 1492 Capital Management LLC raised its holdings in shares of i3 Verticals by 16.7% in the fourth quarter. 1492 Capital Management LLC now owns 46,341 shares of the company’s stock valued at $981,000 after buying an additional 6,615 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of i3 Verticals in the fourth quarter valued at about $203,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of i3 Verticals by 57.5% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 25,519 shares of the company’s stock valued at $540,000 after buying an additional 9,317 shares during the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $29.00 price target on shares of i3 Verticals in a research note on Friday, August 16th. KeyCorp dropped their price target on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, September 3rd. Finally, Raymond James dropped their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 12th. Two equities research 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. According to data from MarketBeat, i3 Verticals presently has an average rating of “Moderate Buy” and an average target price of $26.83.

i3 Verticals Trading Down 1.4 %

Shares of IIIV opened at $21.68 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average is $22.59 and its two-hundred day moving average is $21.83. i3 Verticals, Inc. has a twelve month low of $17.54 and a twelve month high of $25.51. The firm has a market capitalization of $725.67 million, a P/E ratio of 2,168.00 and a beta of 1.54.

i3 Verticals (NASDAQ:IIIV) last issued 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). i3 Verticals had a positive return on equity of 5.99% and a negative net margin of 0.01%. The company had revenue of $56.04 million for the quarter, compared to analyst estimates of $96.43 million. On average, research analysts predict that i3 Verticals, Inc. will post 0.19 earnings per share for the current fiscal year.

i3 Verticals 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.