BMO Capital Markets Boosts i3 Verticals (NASDAQ:IIIV) Price Target to $26.00

i3 Verticals (NASDAQ:IIIV - Free Report) had its price target upped by BMO Capital Markets from $22.00 to $26.00 in a research report report published on Monday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. 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 note on Monday. Stephens reaffirmed an "overweight" rating and set a $29.00 price objective on shares of i3 Verticals in a report on Tuesday, November 19th. Finally, Benchmark restated a "buy" rating and set a $33.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.86.

i3 Verticals Trading Down 0.1 %

NASDAQ IIIV traded down $0.02 during trading hours on Monday, reaching $28.92. 71,572 shares of the company's stock were exchanged, compared to its average volume of 282,390. The firm has a fifty day moving average of $24.25 and a 200-day moving average of $23.36. i3 Verticals has a one year low of $18.75 and a one year high of $29.80. The stock has a market cap of $969.81 million, a PE ratio of 6.44 and a beta of 1.51.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last announced 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 return on equity of 3.59% and a net margin of 41.85%. As a group, research analysts forecast that i3 Verticals will post 0.9 EPS for the current year.

Insider Buying and Selling

In other news, President Frederick Stanford sold 17,577 shares of i3 Verticals stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the transaction, the president now owns 100,000 shares in the company, valued at $2,528,000. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 59.07% of the stock is owned by insiders.

Institutional Trading of i3 Verticals

Hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new position in shares of i3 Verticals in the fourth quarter valued at approximately $99,000. Quantbot Technologies LP acquired a new position in i3 Verticals in the 3rd quarter worth $109,000. CIBC Private Wealth Group LLC boosted its stake in i3 Verticals by 52.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company's stock worth $126,000 after purchasing an additional 1,809 shares during the period. AlphaQuest LLC increased its holdings 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of i3 Verticals by 26.4% in the 4th 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 during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.

About i3 Verticals

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.