Vanguard Group Inc. Buys 19,342 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Vanguard Group Inc. grew its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,325,690 shares of the company's stock after buying an additional 19,342 shares during the period. Vanguard Group Inc. owned 3.95% of i3 Verticals worth $30,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in i3 Verticals in the fourth quarter worth about $99,000. AlphaQuest LLC boosted its position 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 in the last quarter. SG Americas Securities LLC grew its stake in shares of i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company's stock worth $199,000 after buying an additional 3,323 shares during the last quarter. Sei Investments Co. increased its position in i3 Verticals by 5.7% during the 4th quarter. Sei Investments Co. now owns 14,294 shares of the company's stock valued at $329,000 after buying an additional 770 shares in the last quarter. Finally, Argent Capital Management LLC raised its stake in i3 Verticals by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 22,418 shares of the company's stock valued at $517,000 after buying an additional 6,238 shares during the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Stock Up 0.2 %

NASDAQ IIIV traded up $0.05 on Friday, reaching $25.15. The company had a trading volume of 193,660 shares, compared to its average volume of 228,831. The firm's 50 day moving average price is $25.29 and its 200 day moving average price is $24.40. i3 Verticals, Inc. has a 12 month low of $18.75 and a 12 month high of $29.80. The stock has a market capitalization of $831.81 million, a PE ratio of 5.60 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last issued 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 return on equity of 3.36% and a net margin of 41.85%. On average, research analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

IIIV has been the subject of several recent analyst reports. DA Davidson lifted their price target on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Morgan Stanley raised 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 report on Wednesday, February 12th. BMO Capital Markets increased their target price on i3 Verticals from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Finally, 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, i3 Verticals presently has an average 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.