i3 Verticals, Inc. (NASDAQ:IIIV) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 112.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,036 shares of the company's stock after purchasing an additional 21,709 shares during the quarter. Barclays PLC owned about 0.12% of i3 Verticals worth $873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IIIV. Argent Capital Management LLC increased its position in i3 Verticals by 15.0% during the third quarter. Argent Capital Management LLC now owns 16,180 shares of the company's stock valued at $345,000 after acquiring an additional 2,114 shares during the last quarter. State Street Corp boosted its stake in shares of i3 Verticals by 0.5% during the 3rd quarter. State Street Corp now owns 495,943 shares of the company's stock worth $10,569,000 after purchasing an additional 2,664 shares during the period. Victory Capital Management Inc. raised its position in i3 Verticals by 6.1% in the 3rd quarter. Victory Capital Management Inc. now owns 48,500 shares of the company's stock worth $1,034,000 after purchasing an additional 2,800 shares during the period. Quantbot Technologies LP bought a new stake in i3 Verticals in the third quarter worth about $109,000. Finally, ABS Direct Equity Fund LLC lifted its stake in shares of i3 Verticals by 40.0% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 35,000 shares of the company's stock worth $746,000 after acquiring an additional 10,000 shares during the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at i3 Verticals

In related news, President Frederick Stanford sold 17,577 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total value of $444,346.56. Following the sale, the president now directly owns 100,000 shares in the company, valued at approximately $2,528,000. The trade was a 14.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 59.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on IIIV shares. KeyCorp lifted their price objective on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a 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 report on Monday, February 10th. Morgan Stanley upped their price objective on i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Finally, Benchmark restated a "buy" rating and issued a $33.00 price target on shares of i3 Verticals in a report on Tuesday, November 19th. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.86.

i3 Verticals Stock Performance

NASDAQ IIIV traded down $0.14 during mid-day trading on Tuesday, reaching $28.93. 23,464 shares of the stock were exchanged, compared to its average volume of 280,161. i3 Verticals, Inc. has a 1 year low of $18.75 and a 1 year high of $29.80. The company has a market capitalization of $970.31 million, a P/E ratio of 6.44 and a beta of 1.51. The business's 50 day moving average is $24.59 and its 200-day moving average is $23.44.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.59% and a net margin of 41.85%. Equities analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

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.