XTX Topco Ltd Invests $353,000 in i3 Verticals, Inc. (NASDAQ:IIIV)

XTX Topco Ltd purchased a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,317 shares of the company's stock, valued at approximately $353,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of i3 Verticals by 2.6% during the 4th quarter. Invesco Ltd. now owns 25,292 shares of the company's stock valued at $583,000 after acquiring an additional 649 shares during the period. Federated Hermes Inc. lifted its position in i3 Verticals by 44.8% during the fourth quarter. Federated Hermes Inc. now owns 75,603 shares of the company's stock valued at $1,742,000 after purchasing an additional 23,391 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in i3 Verticals by 6.1% during the fourth 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 bought a new position in shares of i3 Verticals in the fourth quarter worth about $344,000. Finally, Wells Fargo & Company MN lifted its position in shares of i3 Verticals by 38.5% during the 4th quarter. Wells Fargo & Company MN now owns 15,911 shares of the company's stock valued at $367,000 after buying an additional 4,419 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Trading Down 1.2 %

IIIV traded down $0.30 during trading hours on Friday, hitting $25.21. The company's stock had a trading volume of 97,569 shares, compared to its average volume of 228,505. i3 Verticals, Inc. has a 12 month low of $18.75 and a 12 month high of $29.80. The stock has a market cap of $833.80 million, a price-to-earnings ratio of 5.61 and a beta of 1.36. The business's 50-day moving average price is $24.91 and its 200-day moving average price is $24.50.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 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, analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price target 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. BMO Capital Markets upped 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. 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. Finally, KeyCorp upped their price target on i3 Verticals from $27.00 to $32.00 and gave the stock an "overweight" rating in a research note 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.86.

i3 Verticals Company 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.