i3 Verticals, Inc. (NASDAQ:IIIV) Shares Sold by Voss Capital LP

Voss Capital LP lessened its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 85.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,000 shares of the company’s stock after selling 670,430 shares during the quarter. Voss Capital LP owned approximately 0.33% of i3 Verticals worth $2,534,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of IIIV. AltraVue Capital LLC acquired a new stake in i3 Verticals during the fourth quarter valued at approximately $20,993,000. Raymond James Financial Inc. bought a new stake in shares of i3 Verticals in the 4th quarter valued at approximately $13,313,000. Legato Capital Management LLC acquired a new stake in shares of i3 Verticals during the 4th quarter valued at approximately $4,233,000. New York State Common Retirement Fund raised its position in shares of i3 Verticals by 1,855.9% during the 4th quarter. New York State Common Retirement Fund now owns 175,833 shares of the company’s stock valued at $4,051,000 after acquiring an additional 166,843 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in i3 Verticals by 32.3% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 276,530 shares of the company’s stock worth $6,371,000 after purchasing an additional 67,489 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

Analyst Upgrades and Downgrades

IIIV has been the topic of a number of research reports. KeyCorp increased their target price on shares of i3 Verticals from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Morgan Stanley increased their price objective on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. DA Davidson raised their target price 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. Finally, BMO Capital Markets upped their target price on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Two investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.86.

i3 Verticals Trading Up 0.2 %

NASDAQ IIIV opened at $25.15 on Monday. The company has a 50-day moving average price of $25.29 and a two-hundred day moving average price of $24.43. i3 Verticals, Inc. has a 52 week low of $18.75 and a 52 week high of $29.80. The stock has a market cap of $831.81 million, a price-to-earnings ratio of 5.60 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

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.