i3 Verticals (NASDAQ:IIIV) Sees Large Volume Increase

i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) shares saw an uptick in trading volume on Friday . 164,129 shares traded hands during trading, an increase of 4% from the previous session’s volume of 158,012 shares.The stock last traded at $24.54 and had previously closed at $24.91.

Analyst Ratings Changes

Separately, DA Davidson raised their price objective on i3 Verticals to $36.00 in a report on Monday, November 21st.

i3 Verticals Stock Performance

The firm has a market capitalization of $816.82 million, a P/E ratio of -37.24, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average of $26.78 and a 200-day moving average of $23.94.

i3 Verticals (NASDAQ:IIIV – Get Rating) last announced its earnings results on Wednesday, February 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $86.03 million during the quarter, compared to analyst estimates of $87.25 million. i3 Verticals had a positive return on equity of 9.53% and a negative net margin of 4.49%. On average, equities analysts anticipate that i3 Verticals, Inc. will post 0.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC raised its position in shares of i3 Verticals by 13.8% in the 4th quarter. Voya Investment Management LLC now owns 480,322 shares of the company’s stock worth $11,691,000 after acquiring an additional 58,419 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of i3 Verticals by 24.6% in the 4th quarter. Alliancebernstein L.P. now owns 15,700 shares of the company’s stock worth $382,000 after acquiring an additional 3,100 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of i3 Verticals in the 4th quarter worth about $899,000. Squarepoint Ops LLC bought a new position in shares of i3 Verticals in the 4th quarter worth about $287,000. Finally, Legal & General Group Plc raised its position in shares of i3 Verticals by 29.4% in the 4th quarter. Legal & General Group Plc now owns 26,537 shares of the company’s stock worth $646,000 after acquiring an additional 6,024 shares in the last quarter. 61.77% of the stock is owned by institutional investors.

About i3 Verticals

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i3 Verticals, Inc is a holding company, which engages in the provision of payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. It operates through the following segments: Merchant Services, Software and Services, and Others. The Merchant Services segment offers payment solutions to businesses and organizations.