Victory Capital Management Inc. Acquires 24,152 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Victory Capital Management Inc. lifted its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 49.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,652 shares of the company's stock after purchasing an additional 24,152 shares during the period. Victory Capital Management Inc. owned 0.22% of i3 Verticals worth $1,674,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IIIV. Long Path Partners LP grew its holdings in shares of i3 Verticals by 61.5% during the third quarter. Long Path Partners LP now owns 933,098 shares of the company's stock worth $19,884,000 after purchasing an additional 355,392 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of i3 Verticals during the third quarter valued at $109,000. Atom Investors LP acquired a new position in shares of i3 Verticals during the third quarter valued at $218,000. Portolan Capital Management LLC lifted its stake in shares of i3 Verticals by 3.8% during the third quarter. Portolan Capital Management LLC now owns 653,072 shares of the company's stock valued at $13,917,000 after acquiring an additional 23,921 shares during the period. Finally, State Street Corp lifted its stake in shares of i3 Verticals by 0.5% during the third quarter. State Street Corp now owns 495,943 shares of the company's stock valued at $10,569,000 after acquiring an additional 2,664 shares during the period. Institutional investors own 84.22% of the company's stock.

i3 Verticals Stock Performance

NASDAQ:IIIV traded up $0.19 during mid-day trading on Friday, hitting $24.77. The company had a trading volume of 567,128 shares, compared to its average volume of 218,460. i3 Verticals, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $29.80. The business's fifty day moving average is $25.60 and its two-hundred day moving average is $23.97. The firm has a market cap of $819.24 million, a P/E ratio of 5.52 and a beta of 1.52.

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i3 Verticals (NASDAQ:IIIV - Get Free Report) last released its 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 net margin of 41.85% and a return on equity of 3.36%. Equities analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on i3 Verticals from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. DA Davidson upped their price target on i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, February 10th. KeyCorp upped their price target on i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Morgan Stanley upped their price target on i3 Verticals from $22.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.