Integrated Quantitative Investments LLC Acquires New Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Integrated Quantitative Investments LLC bought a new position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 16,871 shares of the company’s stock, valued at approximately $389,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of i3 Verticals in the third quarter worth approximately $109,000. State Street Corp lifted its position in shares of i3 Verticals by 0.5% in the 3rd quarter. State Street Corp now owns 495,943 shares of the company’s stock worth $10,569,000 after purchasing an additional 2,664 shares during the period. Barclays PLC boosted its stake in shares of i3 Verticals by 112.3% in the 3rd quarter. Barclays PLC now owns 41,036 shares of the company’s stock valued at $873,000 after purchasing an additional 21,709 shares during the last quarter. ABS Direct Equity Fund LLC increased its position in shares of i3 Verticals by 40.0% during the third quarter. ABS Direct Equity Fund LLC now owns 35,000 shares of the company’s stock worth $746,000 after buying an additional 10,000 shares during the period. Finally, Bares Capital Management Inc. acquired a new stake in shares of i3 Verticals during the third quarter worth $334,000. 84.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. DA Davidson raised their target price on i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. 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, February 10th. Finally, BMO Capital Markets lifted their price objective on shares of i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.86.

i3 Verticals Stock Down 1.4 %

NASDAQ IIIV opened at $23.75 on Friday. i3 Verticals, Inc. has a 52 week low of $18.75 and a 52 week high of $29.80. The business has a 50 day moving average price of $25.80 and a 200-day moving average price of $24.19. The company has a market cap of $785.51 million, a price-to-earnings ratio of 5.29 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 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 3.36%. On average, equities research analysts anticipate that i3 Verticals, Inc. will post 0.9 earnings per share for the current 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.