i3 Verticals (NASDAQ:IIIV) Price Target Lowered to $25.00 at Morgan Stanley

i3 Verticals (NASDAQ:IIIV) had its price target decreased by Morgan Stanley from $26.00 to $25.00 in a research report released on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

IIIV has been the subject of several other reports. KeyCorp reduced their target price on i3 Verticals from $24.00 to $23.00 and set an overweight rating for the company in a report on Friday. Raymond James decreased their target price on shares of i3 Verticals from $34.00 to $33.00 and set a strong-buy rating for the company in a report on Thursday, August 10th. Finally, Stephens restated an overweight rating and set a $32.00 price target on shares of i3 Verticals in a report on Thursday, November 16th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $29.83.

i3 Verticals Stock Up 4.6 %

IIIV stock opened at $20.75 on Friday. The firm has a market cap of $691.81 million, a PE ratio of -172.92 and a beta of 1.40. i3 Verticals has a 12 month low of $17.87 and a 12 month high of $30.83. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $20.19 and a 200 day simple moving average of $22.22.

Hedge Funds Weigh In On i3 Verticals

Several large investors have recently made changes to their positions in the business. Raymond James & Associates increased its position in i3 Verticals by 67.9% during the first quarter. Raymond James & Associates now owns 121,099 shares of the company’s stock worth $3,374,000 after acquiring an additional 48,980 shares during the period. MetLife Investment Management LLC raised its position in shares of i3 Verticals by 56.3% during the first quarter. MetLife Investment Management LLC now owns 11,069 shares of the company’s stock valued at $308,000 after buying an additional 3,987 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of i3 Verticals by 12.7% in the first quarter. Rhumbline Advisers now owns 20,658 shares of the company’s stock valued at $576,000 after buying an additional 2,325 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of i3 Verticals by 28.0% in the first quarter. Dimensional Fund Advisors LP now owns 261,186 shares of the company’s stock valued at $7,277,000 after buying an additional 57,078 shares during the period. Finally, Sei Investments Co. grew its position in i3 Verticals by 10.7% during the first quarter. Sei Investments Co. now owns 15,397 shares of the company’s stock worth $466,000 after buying an additional 1,492 shares in the last quarter. Institutional investors and hedge funds own 64.19% of the company’s stock.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.