i3 Verticals (NASDAQ:IIIV) Price Target Raised to $32.00

i3 Verticals (NASDAQ:IIIV - Free Report) had its price target increased by KeyCorp from $27.00 to $32.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

IIIV has been the subject of several other reports. Benchmark restated a "buy" rating and issued a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Stephens restated an "overweight" rating and issued a $29.00 price target on shares of i3 Verticals in a research note 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.86.

i3 Verticals Stock Down 0.5 %

Shares of NASDAQ IIIV traded down $0.15 during midday trading on Monday, hitting $28.78. 139,644 shares of the company's stock were exchanged, compared to its average volume of 284,829. i3 Verticals has a 12 month low of $18.75 and a 12 month high of $29.80. The company's 50 day moving average price is $24.36 and its 200 day moving average price is $23.40. The firm has a market capitalization of $965.28 million, a PE ratio of 6.41 and a beta of 1.51.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last released its quarterly 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 net margin of 41.85% and a return on equity of 3.59%. On average, equities research analysts anticipate that i3 Verticals will post 0.9 EPS for the current year.

Insider Buying and Selling at i3 Verticals

In other news, President Frederick Stanford sold 17,577 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the completion of the transaction, the president now owns 100,000 shares of the company's stock, valued at approximately $2,528,000. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 59.07% of the company's stock.

Hedge Funds Weigh In On i3 Verticals

A number of institutional investors have recently modified their holdings of IIIV. AltraVue Capital LLC acquired a new position in shares of i3 Verticals during the 4th quarter worth $20,993,000. Raymond James Financial Inc. bought a new stake in shares of i3 Verticals in the 4th quarter valued at about $13,313,000. TimesSquare Capital Management LLC bought a new stake in shares of i3 Verticals in the 3rd quarter valued at about $11,373,000. Long Path Partners LP grew its position in shares of i3 Verticals by 61.5% in the 3rd quarter. Long Path Partners LP now owns 933,098 shares of the company's stock valued at $19,884,000 after buying an additional 355,392 shares during the last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of i3 Verticals in the 4th quarter valued at about $4,233,000. Institutional investors and hedge funds own 84.22% of the company's stock.

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.