Integrated Quantitative Investments LLC Makes New Investment in i3 Verticals, Inc. (NASDAQ:IIIV)

Integrated Quantitative Investments LLC purchased a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,871 shares of the company’s stock, valued at approximately $389,000. Integrated Quantitative Investments LLC owned approximately 0.05% of i3 Verticals at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pitcairn Co. increased its stake in i3 Verticals by 4.0% in the 4th quarter. Pitcairn Co. now owns 17,183 shares of the company’s stock valued at $396,000 after buying an additional 657 shares during the last quarter. Sei Investments Co. lifted its stake in shares of i3 Verticals by 5.7% during the 4th quarter. Sei Investments Co. now owns 14,294 shares of the company’s stock worth $329,000 after buying an additional 770 shares during the last quarter. Swiss National Bank boosted its holdings in shares of i3 Verticals by 2.0% during the fourth quarter. Swiss National Bank now owns 46,700 shares of the company’s stock worth $1,076,000 after acquiring an additional 900 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in i3 Verticals by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,350 shares of the company’s stock valued at $1,529,000 after purchasing an additional 1,404 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 buying an additional 1,488 shares during the period. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Trading Down 1.4 %

IIIV stock opened at $23.75 on Friday. The firm has a 50-day moving average price of $25.80 and a 200-day moving average price of $24.19. 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 $785.51 million, a P/E ratio of 5.29 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.05). i3 Verticals had a net margin of 41.85% and a return on equity of 3.36%. As a group, equities analysts predict that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IIIV shares. BMO Capital Markets increased their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. DA Davidson upped their target price on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Morgan Stanley raised their price target on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, KeyCorp upped their price objective on shares of i3 Verticals from $27.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.