Integrated Quantitative Investments LLC Takes Position in i3 Verticals, Inc. (NASDAQ:IIIV)

Integrated Quantitative Investments LLC purchased a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,871 shares of the company's stock, valued at approximately $389,000. Integrated Quantitative Investments LLC owned approximately 0.05% of i3 Verticals at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of IIIV. Pitcairn Co. increased its stake in i3 Verticals by 4.0% during the 4th quarter. Pitcairn Co. now owns 17,183 shares of the company's stock valued at $396,000 after purchasing an additional 657 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of i3 Verticals during the fourth quarter valued at approximately $884,000. Long Path Partners LP raised its holdings in i3 Verticals by 5.0% in the 4th quarter. Long Path Partners LP now owns 979,777 shares of the company's stock worth $22,574,000 after acquiring an additional 46,679 shares during the last quarter. Geode Capital Management LLC lifted its position in i3 Verticals by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 538,057 shares of the company's stock valued at $12,400,000 after acquiring an additional 3,373 shares in the last quarter. Finally, AltraVue Capital LLC purchased a new stake in i3 Verticals during the 4th quarter valued at $20,993,000. Hedge funds and other institutional investors own 84.22% of the company's stock.

i3 Verticals Stock Performance

Shares of i3 Verticals stock traded down $1.11 on Thursday, hitting $23.07. 52,999 shares of the company's stock were exchanged, compared to its average volume of 226,498. i3 Verticals, Inc. has a 1 year low of $18.75 and a 1 year high of $29.80. The company has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $24.23. The stock has a market capitalization of $762.95 million, a PE ratio of 5.17 and a beta of 1.36.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. KeyCorp upped their price target on i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, February 10th. DA Davidson raised 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. Morgan Stanley boosted their price objective on shares of i3 Verticals from $22.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets raised their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.