i3 Verticals, Inc. (NASDAQ:IIIV) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 488,840 shares of the company’s stock after purchasing an additional 48,840 shares during the period. Royce & Associates LP owned approximately 1.45% of i3 Verticals worth $10,417,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of i3 Verticals by 6.1% during the third quarter. Victory Capital Management Inc. now owns 48,500 shares of the company’s stock valued at $1,034,000 after buying an additional 2,800 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in i3 Verticals during the 3rd quarter valued at about $11,373,000. Argent Capital Management LLC increased its holdings in shares of i3 Verticals by 15.0% in the third quarter. Argent Capital Management LLC now owns 16,180 shares of the company’s stock valued at $345,000 after purchasing an additional 2,114 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of i3 Verticals in the second quarter worth about $292,000. Finally, Dana Investment Advisors Inc. lifted its holdings in shares of i3 Verticals by 22.0% during the second quarter. Dana Investment Advisors Inc. now owns 67,361 shares of the company’s stock worth $1,487,000 after purchasing an additional 12,146 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Trading Down 0.2 %

IIIV stock opened at $24.82 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.01. i3 Verticals, Inc. has a 52-week low of $17.54 and a 52-week high of $26.00. The company’s 50-day simple moving average is $22.79 and its 200-day simple moving average is $21.94. The firm has a market cap of $838.67 million, a P/E ratio of -275.78 and a beta of 1.53.

Wall Street Analysts Forecast Growth

IIIV has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and set a $29.00 price target on shares of i3 Verticals in a research report on Friday, August 16th. Raymond James reduced their target price on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a report on Monday, August 12th. KeyCorp lowered their price target on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. BMO Capital Markets reduced their price objective on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, October 3rd. Finally, Benchmark reissued a “buy” rating and issued a $33.00 price objective on shares of i3 Verticals in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.14.

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.