Royce & Associates LP Buys 52,510 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Royce & Associates LP boosted its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 541,350 shares of the company’s stock after purchasing an additional 52,510 shares during the quarter. Royce & Associates LP owned approximately 1.61% of i3 Verticals worth $12,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IIIV. Quantbot Technologies LP bought a new position in i3 Verticals in the 3rd quarter worth about $109,000. AlphaQuest LLC raised its holdings in shares of i3 Verticals by 688,600.0% in the 4th quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock valued at $159,000 after acquiring an additional 6,886 shares in the last quarter. SG Americas Securities LLC raised its holdings 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 valued at $199,000 after acquiring an additional 3,323 shares in the last quarter. Atom Investors LP purchased a new stake in shares of i3 Verticals in the 3rd quarter valued at about $218,000. Finally, Bares Capital Management Inc. purchased a new stake in shares of i3 Verticals in the 3rd quarter valued at about $334,000. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Up 2.6 %

Shares of NASDAQ IIIV opened at $24.01 on Tuesday. The stock has a market cap of $794.11 million, a price-to-earnings ratio of 5.35 and a beta of 1.52. i3 Verticals, Inc. has a 1-year low of $18.75 and a 1-year high of $29.80. The stock’s 50-day moving average is $25.54 and its 200 day moving average is $23.93.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data 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%. On average, analysts forecast that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets raised their price target on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $33.00 price target on shares of i3 Verticals in a report on Tuesday, November 19th. Stephens reaffirmed an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a report on Tuesday, November 19th. Morgan Stanley raised 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. Finally, KeyCorp raised their price target on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.86.

i3 Verticals Company 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.