Voss Capital LP Has $2.53 Million Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Voss Capital LP reduced its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 85.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,000 shares of the company's stock after selling 670,430 shares during the quarter. Voss Capital LP owned about 0.33% of i3 Verticals worth $2,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new position in i3 Verticals during the fourth quarter valued at approximately $99,000. CIBC Private Wealth Group LLC grew its holdings in shares of i3 Verticals by 52.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company's stock valued at $126,000 after buying an additional 1,809 shares during the period. AlphaQuest LLC increased 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 valued at $159,000 after buying an additional 6,886 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in i3 Verticals by 26.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,130 shares of the company's stock worth $168,000 after buying an additional 1,488 shares during the period. Finally, SG Americas Securities LLC raised its stake in i3 Verticals by 62.4% during 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 period. 84.22% of the stock is owned by institutional investors.

i3 Verticals Stock Performance

i3 Verticals stock traded down $0.30 during mid-day trading on Friday, reaching $25.21. The company's stock had a trading volume of 97,569 shares, compared to its average volume of 227,956. The business's 50 day simple moving average is $24.91 and its 200 day simple moving average is $24.49. 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 $833.80 million, a price-to-earnings ratio of 5.61 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (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%. As a group, sell-side analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley raised their price target 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. KeyCorp lifted their price target on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. BMO Capital Markets increased their price objective 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. Finally, DA Davidson boosted their price objective on shares of i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.86.

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.