i3 Verticals, Inc. (NASDAQ:IIIV) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 36.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,992 shares of the company’s stock after purchasing an additional 1,345 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in i3 Verticals were worth $106,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in i3 Verticals in the 3rd quarter valued at approximately $6,807,000. Boston Partners purchased a new stake in shares of i3 Verticals in the third quarter valued at $978,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of i3 Verticals by 4.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 90,276 shares of the company’s stock valued at $1,911,000 after acquiring an additional 3,904 shares during the last quarter. Raymond James & Associates increased its position in i3 Verticals by 28.7% during the 3rd quarter. Raymond James & Associates now owns 77,660 shares of the company’s stock worth $1,642,000 after purchasing an additional 17,297 shares in the last quarter. Finally, Heartland Advisors Inc. raised its stake in i3 Verticals by 4.9% in the 3rd quarter. Heartland Advisors Inc. now owns 537,310 shares of the company’s stock valued at $11,359,000 after purchasing an additional 25,160 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Trading Down 1.6 %

NASDAQ IIIV opened at $22.17 on Friday. 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, Inc. has a one year low of $17.54 and a one year high of $25.70. The company’s 50 day moving average price is $22.50 and its 200 day moving average price is $20.94. The firm has a market capitalization of $739.88 million, a price-to-earnings ratio of -316.71 and a beta of 1.56.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Thursday, February 8th. The company reported $0.23 earnings per share for the quarter, beating 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 business had revenue of $91.99 million for the quarter, compared to analyst estimates of $92.92 million. On average, sell-side analysts predict that i3 Verticals, Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Benchmark reaffirmed a “buy” rating and issued a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. BMO Capital Markets decreased their price target on i3 Verticals from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. Finally, KeyCorp raised their target price on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.43.

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.