i3 Verticals, Inc. (NASDAQ:IIIV) Holdings Boosted by Geneva Capital Management LLC

Geneva Capital Management LLC boosted its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,887,826 shares of the company’s stock after acquiring an additional 5,519 shares during the period. Geneva Capital Management LLC owned 0.06% of i3 Verticals worth $39,965,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of i3 Verticals by 0.8% in the third quarter. Vanguard Group Inc. now owns 1,262,579 shares of the company’s stock valued at $26,691,000 after purchasing an additional 9,705 shares during the period. Heartland Advisors Inc. increased its stake in shares of i3 Verticals by 4.9% in the third quarter. Heartland Advisors Inc. now owns 537,310 shares of the company’s stock valued at $11,359,000 after purchasing an additional 25,160 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of i3 Verticals in the third quarter valued at approximately $6,807,000. B. Riley Asset Management LLC acquired a new stake in shares of i3 Verticals in the third quarter valued at approximately $2,492,000. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 valued at $2,429,000 after acquiring an additional 1,749 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Price Performance

NASDAQ:IIIV traded down $0.36 during trading hours on Thursday, reaching $22.17. 210,676 shares of the company’s stock were exchanged, compared to its average volume of 225,319. The company has a market capitalization of $739.88 million, a P/E ratio of -316.71 and a beta of 1.56. i3 Verticals, Inc. has a 12 month low of $17.54 and a 12 month high of $25.70. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $22.48 and its two-hundred day simple moving average is $20.93.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. The firm had revenue of $91.99 million during the quarter, compared to analyst estimates of $92.92 million. Sell-side analysts expect that i3 Verticals, Inc. will post 0.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IIIV has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. Morgan Stanley lowered their price objective on shares of i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Benchmark reiterated a “buy” rating and set a $28.00 price objective on shares of i3 Verticals in a research note on Monday, April 1st. TheStreet upgraded shares of i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. Finally, KeyCorp raised their price objective on shares of i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.43.

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.