SG Americas Securities LLC Buys 1,836 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

SG Americas Securities LLC increased its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 31.0% during the fourth quarter, HoldingsChannel reports. The firm owned 7,762 shares of the company’s stock after acquiring an additional 1,836 shares during the period. SG Americas Securities LLC’s holdings in i3 Verticals were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of i3 Verticals by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,120 shares of the company’s stock worth $208,000 after purchasing an additional 426 shares during the period. JPMorgan Chase & Co. raised its holdings in i3 Verticals by 4.2% during the 4th quarter. JPMorgan Chase & Co. now owns 13,010 shares of the company’s stock valued at $317,000 after acquiring an additional 530 shares during the period. Squarepoint Ops LLC raised its holdings in i3 Verticals by 5.9% during the 1st quarter. Squarepoint Ops LLC now owns 12,507 shares of the company’s stock valued at $307,000 after acquiring an additional 702 shares during the period. Tower Research Capital LLC TRC raised its holdings in i3 Verticals by 63.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,803 shares of the company’s stock valued at $38,000 after acquiring an additional 703 shares during the period. Finally, Swiss National Bank raised its holdings in i3 Verticals by 1.6% during the 2nd quarter. Swiss National Bank now owns 50,400 shares of the company’s stock valued at $1,152,000 after acquiring an additional 800 shares during the period. Institutional investors own 84.22% of the company’s stock.

Analyst Ratings Changes

IIIV has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. Benchmark reissued a “buy” rating and set a $28.00 target price on shares of i3 Verticals in a report on Monday, April 1st. Finally, BMO Capital Markets decreased their price target on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

i3 Verticals Trading Down 0.7 %

i3 Verticals stock opened at $22.81 on Tuesday. The stock has a market cap of $761.24 million, a P/E ratio of -325.86 and a beta of 1.57. i3 Verticals, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $25.70. The firm’s fifty day moving average price is $21.74 and its 200-day moving average price is $20.63. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.50.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. The company had revenue of $91.99 million during the quarter, compared to analyst estimates of $92.92 million. Equities research analysts forecast that i3 Verticals, Inc. will post 0.95 earnings per share for the current fiscal year.

About i3 Verticals

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.