1 day Ago By Defense World Staff
Arrowstreet Capital Limited Partnership acquired a new position in shares of i3 Verticals, Inc. (NASDAQ:IIIV – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 36,111 shares of the company’s stock, valued at approximately $832,000.
Arrowstreet Capital Limited Partnership owned about 0.11% of i3 Verticals as of its most recent SEC filing. Other institutional investors also recently made changes to their positions in the company.
KLP Kapitalforvaltning AS bought a new stake in shares of i3 Verticals in the fourth quarter worth $99,000. AlphaQuest LLC grew its holdings in i3 Verticals by 688,600.0% during the 4th quarter.
AlphaQuest LLC now owns 6,887 shares of the company’s stock worth $159,000 after acquiring an additional 6,886 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd.
grew its holdings in i3 Verticals by 26.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 7,130 shares of the company’s stock worth $168,000 after acquiring an additional 1,488 shares in the last quarter. SG Americas Securities LLC increased its position 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 purchasing an additional 3,323 shares during the last quarter. Finally, Sei Investments Co.
raised its stake in shares of i3 Verticals by 5.7% in the 4th quarter. Sei Investments Co.
now owns 14,294 shares of the company’s stock valued at $329,000 after purchasing an additional 770 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.
i3 Verticals Price PerformanceShares of IIIV opened at $24.13 on Friday. i3 Verticals, Inc.
has a 12 month low of $18.75 and a 12 month high of $29.80.
The stock has a fifty day moving average price of $25.56 and a 200 day moving average price of $24.27.
The company has a market cap of $798.08 million, a P/E ratio of 5.37 and a beta of 1.
36. i3 Verticals (NASDAQ:IIIV – Get Free Report) last released its quarterly earnings results 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%.
As a group, research analysts anticipate that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.
Analyst Ratings ChangesSeveral analysts recently weighed in on IIIV shares. KeyCorp boosted their price objective on i3 Verticals from $27.00 to $32.
00 and gave the company an “overweight” rating in a report on Monday, February 10th. Morgan Stanley boosted their price target on 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 raised their price objective on i3 Verticals from $22.00 to $26.
00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Finally, DA Davidson lifted their price objective on shares of i3 Verticals from $32.00 to $34.
00 and gave the stock a “buy” rating in a report on Monday, February 10th. 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 company. Based on data from MarketBeat, i3 Verticals currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.
86.Get Our Latest Stock Report on i3 Verticalsi3 Verticals Company Profile (Free Report)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.Recommended StoriesFive stocks we like better than i3 VerticalsWith Risk Tolerance, One Size Does Not Fit AllRobinhood Strategies Could Be a Game-Changer for Young InvestorsCanadian Penny Stocks: Can They Make You Rich? Are These 3 Retail Stocks Oversold or Really in Trouble?3 Warren Buffett Stocks to Buy NowIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
