i3 Verticals, Inc. (NASDAQ:IIIV) Shares Acquired by Long Path Partners LP

Long Path Partners LP lifted its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 979,777 shares of the company's stock after purchasing an additional 46,679 shares during the period. i3 Verticals comprises about 7.3% of Long Path Partners LP's investment portfolio, making the stock its 6th biggest holding. Long Path Partners LP owned about 2.92% of i3 Verticals worth $22,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IIIV. KLP Kapitalforvaltning AS bought a new position in shares of i3 Verticals in the 4th quarter worth about $99,000. Quantbot Technologies LP bought a new position in shares of i3 Verticals during the third quarter valued at approximately $109,000. CIBC Private Wealth Group LLC raised its position in shares of i3 Verticals by 52.4% during 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 lifted its holdings 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 worth $159,000 after purchasing an additional 6,886 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IIIV shares. DA Davidson increased their target price on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. KeyCorp raised 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 boosted their price target on 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, Morgan Stanley increased their price target on i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Two equities research 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.86.

i3 Verticals Stock Down 0.6 %

i3 Verticals stock traded down $0.13 during midday trading on Tuesday, hitting $23.12. The company's stock had a trading volume of 26,034 shares, compared to its average volume of 223,189. i3 Verticals, Inc. has a 12 month low of $18.75 and a 12 month high of $29.80. The stock's 50-day moving average price is $25.76 and its 200-day moving average price is $24.22. The company has a market capitalization of $764.54 million, a PE ratio of 5.14 and a beta of 1.36.

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

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.