Swiss National Bank lifted its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,100 shares of the company’s stock after purchasing an additional 3,700 shares during the quarter. Swiss National Bank owned approximately 0.16% of i3 Verticals worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its stake in i3 Verticals by 215.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,893 shares of the company’s stock worth $53,000 after buying an additional 1,293 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in i3 Verticals by 24.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,960 shares of the company’s stock valued at $90,000 after acquiring an additional 790 shares during the period. Lbmc Investment Advisors LLC bought a new stake in i3 Verticals in the first quarter valued at about $208,000. Sheaff Brock Investment Advisors LLC acquired a new position in i3 Verticals in the first quarter worth about $214,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in i3 Verticals by 8.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,761 shares of the company’s stock valued at $272,000 after purchasing an additional 741 shares in the last quarter. 64.29% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Morgan Stanley raised their target price on i3 Verticals from $25.50 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 10th. BTIG Research lifted their price objective on i3 Verticals to $34.00 in a report on Monday, August 15th. Finally, Stephens initiated coverage on shares of i3 Verticals in a report on Thursday, June 9th. They issued an “overweight” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, i3 Verticals has a consensus rating of “Buy” and an average target price of $32.00.
Insider Buying and Selling at i3 Verticals
i3 Verticals Trading Down 1.4 %
Shares of IIIV opened at $22.45 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $724.73 million, a price-to-earnings ratio of -34.01, a PEG ratio of 2.19 and a beta of 1.26. The stock has a fifty day moving average price of $25.79 and a two-hundred day moving average price of $25.55. i3 Verticals, Inc. has a 52-week low of $17.80 and a 52-week high of $30.26.
i3 Verticals (NASDAQ:IIIV – Get Rating) last announced its earnings results on Monday, August 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $80.55 million during the quarter, compared to analyst estimates of $76.77 million. i3 Verticals had a positive return on equity of 8.22% and a negative net margin of 4.71%. Analysts predict that i3 Verticals, Inc. will post 0.55 EPS for the current fiscal year.
i3 Verticals Profile
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.
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