Swiss National Bank Boosts Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Swiss National Bank grew its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,700 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank owned about 0.14% of i3 Verticals worth $1,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IIIV. Charles Schwab Investment Management Inc. lifted its position in i3 Verticals by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 66,350 shares of the company’s stock valued at $1,529,000 after acquiring an additional 1,404 shares during the last quarter. State Street Corp boosted its holdings in i3 Verticals by 0.5% in the third quarter. State Street Corp now owns 495,943 shares of the company’s stock worth $10,569,000 after acquiring an additional 2,664 shares in the last quarter. SG Americas Securities LLC boosted its holdings in i3 Verticals by 62.4% in the fourth quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock worth $199,000 after acquiring an additional 3,323 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of i3 Verticals during the third quarter worth about $109,000. Finally, Argent Capital Management LLC increased its holdings in shares of i3 Verticals by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 22,418 shares of the company’s stock valued at $517,000 after acquiring an additional 6,238 shares in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Price Performance

IIIV opened at $24.59 on Friday. The stock has a market cap of $813.29 million, a P/E ratio of 5.48 and a beta of 1.52. The firm has a fifty day moving average price of $25.75 and a 200 day moving average price of $24.11. i3 Verticals, Inc. has a 1 year low of $18.75 and a 1 year high of $29.80.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. Equities analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IIIV. DA Davidson boosted their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. BMO Capital Markets lifted their price target on i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. KeyCorp increased their price objective on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Morgan Stanley increased their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.86.

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.