Janney Montgomery Scott LLC bought a new stake in i3 Verticals, Inc. (NASDAQ:IIIV – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 14,578 shares of the company’s stock, valued at approximately $401,000.
Several other large investors have also recently made changes to their positions in the company. Long Path Partners LP lifted its stake in shares of i3 Verticals by 1.9% in the 1st quarter. Long Path Partners LP now owns 997,996 shares of the company’s stock valued at $24,621,000 after purchasing an additional 18,219 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of i3 Verticals by 67.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 454,743 shares of the company’s stock valued at $12,496,000 after purchasing an additional 182,699 shares during the period. Punch & Associates Investment Management Inc. acquired a new position in shares of i3 Verticals in the 1st quarter valued at $11,207,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of i3 Verticals in the 1st quarter valued at $10,018,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of i3 Verticals by 28.0% in the 1st quarter. Russell Investments Group Ltd. now owns 390,724 shares of the company’s stock valued at $9,639,000 after purchasing an additional 85,380 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, General Counsel Paul Maple sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $31.04, for a total transaction of $77,600.00. Following the completion of the sale, the general counsel directly owned 33,269 shares in the company, valued at approximately $1,032,669.76. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $218,916.42. Following the sale, the director owned 3,876 shares of the company’s stock, valued at approximately $123,295.56. The trade was a 63.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,272 shares of company stock worth $355,862. Insiders own 59.07% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on i3 Verticals
i3 Verticals Trading Down 1.1%
i3 Verticals stock opened at $31.62 on Friday. i3 Verticals, Inc. has a 12-month low of $22.20 and a 12-month high of $33.59. The stock has a market cap of $1.02 billion, a P/E ratio of 6.06 and a beta of 1.28. The company has a 50-day moving average price of $31.44 and a 200 day moving average price of $28.00.
i3 Verticals 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.
See Also
- Five stocks we like better than i3 Verticals
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- 3 Stocks to Consider Buying in October
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Receive News & Ratings for i3 Verticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for i3 Verticals and related companies with MarketBeat.com's FREE daily email newsletter.