i3 Verticals, Inc. (NASDAQ:IIIV) Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 305,344 shares of the company's stock after selling 48,896 shares during the quarter. Russell Investments Group Ltd. owned about 0.91% of i3 Verticals worth $7,035,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in i3 Verticals by 6.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 85,153 shares of the company's stock valued at $1,962,000 after purchasing an additional 4,873 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of i3 Verticals during the fourth quarter worth approximately $344,000. Wells Fargo & Company MN grew its holdings in i3 Verticals by 38.5% in the 4th quarter. Wells Fargo & Company MN now owns 15,911 shares of the company's stock worth $367,000 after buying an additional 4,419 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in i3 Verticals in the 4th quarter valued at approximately $389,000. Finally, Pitcairn Co. raised 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 acquiring an additional 657 shares in the last quarter. Institutional investors own 84.22% of the company's stock.

i3 Verticals Price Performance

Shares of IIIV traded up $0.05 during mid-day trading on Friday, hitting $25.15. The company's stock had a trading volume of 193,660 shares, compared to its average volume of 228,580. The firm has a 50-day moving average price of $25.39 and a 200 day moving average price of $24.35. i3 Verticals, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $29.80. The stock has a market capitalization of $831.81 million, a price-to-earnings ratio of 5.60 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 (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. As a group, equities analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. DA Davidson increased their price target on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. BMO Capital Markets raised their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Morgan Stanley upped their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Finally, KeyCorp raised their price objective 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. Two investment 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's stock. Based on data from MarketBeat, i3 Verticals currently has an average rating of "Moderate Buy" and a consensus price target of $29.86.

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.