Argent Capital Management LLC Grows Holdings in i3 Verticals, Inc. (NASDAQ:IIIV)

Argent Capital Management LLC boosted its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 38.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,418 shares of the company’s stock after acquiring an additional 6,238 shares during the period. Argent Capital Management LLC owned 0.07% of i3 Verticals worth $517,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IIIV. Rhumbline Advisers raised its position in shares of i3 Verticals by 18.4% during the 2nd quarter. Rhumbline Advisers now owns 37,049 shares of the company’s stock valued at $818,000 after purchasing an additional 5,755 shares during the period. Victory Capital Management Inc. increased its stake in i3 Verticals by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,700 shares of the company’s stock worth $1,009,000 after buying an additional 1,950 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in i3 Verticals by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 484,494 shares of the company’s stock valued at $10,698,000 after acquiring an additional 13,880 shares during the period. Continental Advisors LLC purchased a new position in shares of i3 Verticals in the second quarter valued at about $635,000. Finally, Hood River Capital Management LLC boosted its stake in shares of i3 Verticals by 6.3% in the second quarter. Hood River Capital Management LLC now owns 1,190,184 shares of the company’s stock worth $26,279,000 after acquiring an additional 70,253 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, November 19th. BMO Capital Markets lowered their target price on shares of i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, October 3rd. DA Davidson restated a “buy” rating and set a $32.00 target price on shares of i3 Verticals in a research report on Monday, September 30th. Finally, Stephens reiterated an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.14.

i3 Verticals Stock Up 0.6 %

i3 Verticals stock opened at $23.94 on Friday. i3 Verticals, Inc. has a 52-week low of $17.54 and a 52-week high of $26.66. The firm’s fifty day moving average is $23.87 and its 200 day moving average is $23.00. The company has a market cap of $802.95 million, a price-to-earnings ratio of 5.38 and a beta of 1.49.

Insider Activity

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the sale, the president now directly owns 100,000 shares of the company’s stock, valued at $2,528,000. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 34.00% of the company’s stock.

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.