Royce & Associates LP Acquires 52,510 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Royce & Associates LP raised its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 541,350 shares of the company’s stock after buying an additional 52,510 shares during the quarter. Royce & Associates LP’s holdings in i3 Verticals were worth $12,473,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IIIV. Quantbot Technologies LP bought a new stake in shares of i3 Verticals in the 3rd quarter worth approximately $109,000. AlphaQuest LLC grew its position in shares of i3 Verticals by 688,600.0% in the 4th quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock worth $159,000 after buying an additional 6,886 shares during the last quarter. SG Americas Securities LLC grew its position in shares of i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock worth $199,000 after buying an additional 3,323 shares during the last quarter. Atom Investors LP bought a new stake in shares of i3 Verticals during the third quarter valued at approximately $218,000. Finally, Bares Capital Management Inc. bought a new stake in shares of i3 Verticals during the third quarter valued at approximately $334,000. 84.22% of the stock is currently owned by institutional investors.

i3 Verticals Trading Up 2.6 %

i3 Verticals stock opened at $24.01 on Tuesday. The business’s fifty day simple moving average is $25.54 and its two-hundred day simple moving average is $23.93. i3 Verticals, Inc. has a 12 month low of $18.75 and a 12 month high of $29.80. The company has a market capitalization of $794.11 million, a price-to-earnings ratio of 5.35 and a beta of 1.52.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, February 6th. The company reported $0.23 EPS 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%. On average, equities research analysts predict that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and set a $33.00 price target on shares of i3 Verticals in a research report on Tuesday, November 19th. KeyCorp lifted their price target on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Stephens restated an “overweight” rating and set a $29.00 price target on shares of i3 Verticals in a research report on Tuesday, November 19th. BMO Capital Markets lifted their price target on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Finally, DA Davidson lifted their price target on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.86.

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.