Royce & Associates LP Buys 52,510 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Royce & Associates LP grew its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 541,350 shares of the company's stock after purchasing an additional 52,510 shares during the period. Royce & Associates LP owned approximately 1.61% of i3 Verticals worth $12,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Long Path Partners LP increased its position in 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 in the last quarter. Portolan Capital Management LLC increased its holdings 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of i3 Verticals during the fourth quarter worth approximately $13,313,000. State Street Corp raised its position 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 worth $10,569,000 after purchasing an additional 2,664 shares during the period. Finally, Legato Capital Management LLC bought a new position in shares of i3 Verticals in the 4th quarter worth $4,233,000. Institutional investors own 84.22% of the company's stock.

i3 Verticals Stock Up 0.8 %

IIIV stock traded up $0.19 during trading on Friday, reaching $24.77. The stock had a trading volume of 567,128 shares, compared to its average volume of 218,628. The company has a market capitalization of $819.24 million, a price-to-earnings ratio of 5.52 and a beta of 1.52. i3 Verticals, Inc. has a one year low of $18.75 and a one year high of $29.80. The company's 50 day moving average is $25.57 and its two-hundred day moving average is $23.95.

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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 (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 3.36%. As a group, research analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. DA Davidson boosted their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. BMO Capital Markets raised their price target on shares of i3 Verticals from $22.00 to $26.00 and gave the company a "market perform" rating in a research report on Monday, February 10th. Finally, KeyCorp boosted their price objective on i3 Verticals from $27.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Two equities 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 company. According to data from MarketBeat, i3 Verticals has a consensus rating of "Moderate Buy" and an average 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.