American Century Companies Inc. Boosts Position in i3 Verticals, Inc. (NASDAQ:IIIV)

American Century Companies Inc. raised its position in i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 79.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,052 shares of the company's stock after buying an additional 11,962 shares during the quarter. American Century Companies Inc. owned approximately 0.08% of i3 Verticals worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Royce & Associates LP lifted its position in i3 Verticals by 10.7% during the 4th quarter. Royce & Associates LP now owns 541,350 shares of the company's stock worth $12,473,000 after acquiring an additional 52,510 shares during the period. Swiss National Bank lifted its position in i3 Verticals by 2.0% in the fourth quarter. Swiss National Bank now owns 46,700 shares of the company's stock valued at $1,076,000 after purchasing an additional 900 shares during the period. AlphaQuest LLC increased its position in i3 Verticals by 688,600.0% during the 4th quarter. AlphaQuest LLC now owns 6,887 shares of the company's stock worth $159,000 after purchasing an additional 6,886 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of i3 Verticals in the 4th quarter valued at approximately $13,313,000. Finally, Victory Capital Management Inc. grew its holdings in i3 Verticals by 49.8% during the fourth quarter. Victory Capital Management Inc. now owns 72,652 shares of the company's stock worth $1,674,000 after acquiring an additional 24,152 shares during the period. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

i3 Verticals Stock Down 1.2 %

Shares of IIIV traded down $0.31 on Thursday, hitting $24.79. 72,754 shares of the stock traded hands, compared to its average volume of 244,898. The firm has a market capitalization of $819.90 million, a P/E ratio of 5.54 and a beta of 1.36. i3 Verticals, Inc. has a 1 year low of $18.75 and a 1 year high of $29.80. The stock's 50 day moving average is $25.47 and its two-hundred day moving average is $24.33.

i3 Verticals (NASDAQ:IIIV - Get Free Report) 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 net margin of 41.85% and a return on equity of 3.36%. Research analysts forecast that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

IIIV has been the topic of several research analyst reports. KeyCorp boosted their target price on shares of i3 Verticals from $27.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. BMO Capital Markets upped their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a research report on Monday, February 10th. DA Davidson boosted their price target on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Morgan Stanley boosted their target price on i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, i3 Verticals 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.