13,265 Shares in i3 Verticals, Inc. (NASDAQ:IIIV) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,265 shares of the company's stock, valued at approximately $306,000.

A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC raised its position in shares of i3 Verticals by 112.3% during the third quarter. Barclays PLC now owns 41,036 shares of the company's stock valued at $873,000 after buying an additional 21,709 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of i3 Verticals by 1,855.9% in the 4th quarter. New York State Common Retirement Fund now owns 175,833 shares of the company's stock worth $4,051,000 after buying an additional 166,843 shares in the last quarter. Swiss National Bank lifted its position in shares of i3 Verticals by 2.0% during the 4th quarter. Swiss National Bank now owns 46,700 shares of the company's stock worth $1,076,000 after buying an additional 900 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in i3 Verticals by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,350 shares of the company's stock valued at $1,529,000 after buying an additional 1,404 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in i3 Verticals in the fourth quarter valued at $13,313,000. 84.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on IIIV shares. KeyCorp lifted their price objective on i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Morgan Stanley boosted their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. DA Davidson raised their price objective 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 boosted their target price on i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Two 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.86.

i3 Verticals Stock Up 0.8 %

Shares of i3 Verticals stock traded up $0.21 on Friday, hitting $25.39. The stock had a trading volume of 81,449 shares, compared to its average volume of 226,837. The stock has a market cap of $839.75 million, a price-to-earnings ratio of 5.65 and a beta of 1.36. The business's 50 day moving average is $24.70 and its two-hundred day moving average is $24.56. i3 Verticals, Inc. has a twelve month low of $18.75 and a twelve month high of $29.80.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last released its earnings results 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%. As a group, equities analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

About i3 Verticals

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.