Swiss National Bank Has $1.12 Million Holdings in i3 Verticals, Inc. $IIIV

Swiss National Bank cut its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,400 shares of the company’s stock after selling 1,300 shares during the quarter. Swiss National Bank owned 0.14% of i3 Verticals worth $1,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of i3 Verticals by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,926 shares of the company’s stock valued at $196,000 after acquiring an additional 796 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of i3 Verticals during the first quarter valued at approximately $151,000. Kapitalo Investimentos Ltda bought a new stake in shares of i3 Verticals during the first quarter valued at approximately $293,000. Avantax Advisory Services Inc. increased its holdings in shares of i3 Verticals by 8.5% during the first quarter. Avantax Advisory Services Inc. now owns 17,473 shares of the company’s stock valued at $431,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Legato Capital Management LLC grew its holdings in i3 Verticals by 34.0% during the first quarter. Legato Capital Management LLC now owns 246,184 shares of the company’s stock worth $6,073,000 after buying an additional 62,460 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.

Insider Buying and Selling at i3 Verticals

In other i3 Verticals news, Director Timothy Mckenna sold 6,882 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $31.81, for a total value of $218,916.42. Following the sale, the director owned 3,876 shares of the company’s stock, valued at $123,295.56. This trade represents a 63.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 59.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens upped their price target on i3 Verticals from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Benchmark restated a “buy” rating and issued a $39.00 price objective (up previously from $33.00) on shares of i3 Verticals in a research note on Monday, August 11th. Morgan Stanley upped their price objective on i3 Verticals from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 12th. Finally, DA Davidson upped their price objective on i3 Verticals from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.33.

i3 Verticals Stock Performance

Shares of IIIV opened at $31.06 on Tuesday. The stock’s 50-day simple moving average is $28.70 and its 200 day simple moving average is $26.52. i3 Verticals, Inc. has a 52-week low of $20.42 and a 52-week high of $33.44. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 5.95 and a beta of 1.32.

i3 Verticals Company Profile

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.