272 Capital LP Sells 245,314 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

272 Capital LP cut its holdings in i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 95.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the company's stock after selling 245,314 shares during the quarter. 272 Capital LP's holdings in i3 Verticals were worth $253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in i3 Verticals by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,325,690 shares of the company's stock worth $30,544,000 after buying an additional 19,342 shares during the last quarter. Long Path Partners LP raised its stake in i3 Verticals by 5.0% during the 4th quarter. Long Path Partners LP now owns 979,777 shares of the company's stock worth $22,574,000 after acquiring an additional 46,679 shares during the period. AltraVue Capital LLC purchased a new position in shares of i3 Verticals during the 4th quarter valued at $20,993,000. Portolan Capital Management LLC boosted its stake in shares of i3 Verticals by 3.5% in the fourth quarter. Portolan Capital Management LLC now owns 676,135 shares of the company's stock worth $15,578,000 after acquiring an additional 23,063 shares during the period. Finally, Raymond James Financial Inc. bought a new position in i3 Verticals in the 4th quarter worth approximately $13,313,000. Institutional investors own 84.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. DA Davidson raised their price objective on i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Morgan Stanley raised their target price on shares of i3 Verticals from $22.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. BMO Capital Markets upped their price target on shares of i3 Verticals from $22.00 to $26.00 and gave the company a "market perform" rating in a research note on Monday, February 10th. Finally, KeyCorp increased their price objective on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.86.

i3 Verticals Stock Up 0.5 %

IIIV traded up $0.12 on Monday, reaching $25.51. 109,514 shares of the company traded hands, compared to its average volume of 227,036. The company has a market cap of $843.72 million, a P/E ratio of 5.68 and a beta of 1.31. The firm has a fifty day simple moving average of $24.69 and a two-hundred day simple moving average of $24.60. i3 Verticals, Inc. has a one year low of $18.75 and a one year high of $29.80.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) 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, equities analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

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.