Dynamic Technology Lab Private Ltd purchased a new stake in i3 Verticals, Inc. (NASDAQ:IIIV – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,572 shares of the company’s stock, valued at approximately $414,000. Dynamic Technology Lab Private Ltd owned approximately 0.06% of i3 Verticals as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of i3 Verticals by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,000 shares of the company’s stock valued at $910,000 after acquiring an additional 1,025 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in i3 Verticals by 36.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,345 shares during the period. Bank of New York Mellon Corp lifted its position in i3 Verticals by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 114,906 shares of the company’s stock worth $2,429,000 after purchasing an additional 1,749 shares during the period. SG Americas Securities LLC lifted its position in i3 Verticals by 31.0% during the fourth quarter. SG Americas Securities LLC now owns 7,762 shares of the company’s stock worth $164,000 after purchasing an additional 1,836 shares during the period. Finally, Raymond James & Associates lifted its position in i3 Verticals by 2.9% during the fourth quarter. Raymond James & Associates now owns 79,927 shares of the company’s stock worth $1,692,000 after purchasing an additional 2,267 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on IIIV shares. Benchmark reaffirmed a “buy” rating and set a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. Morgan Stanley dropped their target price on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. KeyCorp increased their target price on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets dropped their target price on shares of i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, i3 Verticals has a consensus rating of “Moderate Buy” and an average target price of $27.57.
Get Our Latest Analysis on i3 Verticals
i3 Verticals Stock Up 0.1 %
Shares of NASDAQ IIIV opened at $18.94 on Friday. The company has a 50 day simple moving average of $21.96 and a 200 day simple moving average of $20.99. The firm has a market cap of $633.92 million, a PE ratio of 1,895.90 and a beta of 1.56. i3 Verticals, Inc. has a 1 year low of $17.54 and a 1 year high of $25.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.81.
About i3 Verticals
(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.
Further Reading
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