Dynamic Technology Lab Private Ltd Invests $344,000 in i3 Verticals, Inc. (NASDAQ:IIIV)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,924 shares of the company's stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in shares of i3 Verticals in the fourth quarter worth about $99,000. CIBC Private Wealth Group LLC raised its stake in i3 Verticals by 52.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company's stock worth $126,000 after acquiring an additional 1,809 shares during the period. AlphaQuest LLC lifted its holdings in i3 Verticals by 688,600.0% during the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company's stock valued at $159,000 after purchasing an additional 6,886 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in i3 Verticals by 26.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,130 shares of the company's stock valued at $168,000 after purchasing an additional 1,488 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of i3 Verticals by 62.4% in the fourth quarter. SG Americas Securities LLC now owns 8,646 shares of the company's stock worth $199,000 after purchasing an additional 3,323 shares in the last quarter. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. 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 lifted their price target on shares of i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, KeyCorp boosted their price target on shares of i3 Verticals from $27.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.86.

i3 Verticals Price Performance

Shares of IIIV stock traded down $0.05 during mid-day trading on Tuesday, hitting $24.55. The stock had a trading volume of 41,436 shares, compared to its average volume of 227,460. i3 Verticals, Inc. has a 12-month low of $18.75 and a 12-month high of $29.80. The firm's 50-day moving average is $25.54 and its two-hundred day moving average is $24.32. The firm has a market capitalization of $811.80 million, a P/E ratio of 5.47 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.05). i3 Verticals had a net margin of 41.85% and a return on equity of 3.36%. Analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

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.