i3 Verticals, Inc. (NASDAQ:IIIV) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,927 shares of the company’s stock after purchasing an additional 2,267 shares during the quarter. Raymond James & Associates owned approximately 0.24% of i3 Verticals worth $1,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IIIV. MetLife Investment Management LLC boosted its stake in i3 Verticals by 56.3% during the 1st quarter. MetLife Investment Management LLC now owns 11,069 shares of the company’s stock worth $308,000 after purchasing an additional 3,987 shares during the last quarter. Rhumbline Advisers boosted its stake in i3 Verticals by 12.7% during the 1st quarter. Rhumbline Advisers now owns 20,658 shares of the company’s stock worth $576,000 after purchasing an additional 2,325 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in i3 Verticals by 28.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 261,186 shares of the company’s stock worth $7,277,000 after purchasing an additional 57,078 shares during the last quarter. Sei Investments Co. boosted its position in shares of i3 Verticals by 10.7% during the 1st quarter. Sei Investments Co. now owns 15,397 shares of the company’s stock valued at $466,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of i3 Verticals by 23.3% during the 1st quarter. Vanguard Group Inc. now owns 1,004,719 shares of the company’s stock valued at $27,992,000 after acquiring an additional 189,889 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Stock Down 0.2 %

Shares of IIIV opened at $22.54 on Thursday. The firm has a market cap of $752.16 million, a P/E ratio of -322.00 and a beta of 1.57. i3 Verticals, Inc. has a 12-month low of $17.54 and a 12-month high of $25.70. The company’s 50-day moving average price is $21.89 and its 200 day moving average price is $20.66. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $91.99 million for the quarter, compared to analyst estimates of $92.92 million. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. On average, sell-side analysts forecast that i3 Verticals, Inc. will post 0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IIIV shares. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. Benchmark reissued a “buy” rating and set a $28.00 price target on shares of i3 Verticals in a research report on Monday, April 1st. BMO Capital Markets lowered their price target on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating on the stock in a research report on Monday, February 12th. Finally, Morgan Stanley lowered their price target on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.