AltraVue Capital LLC Buys Shares of 911,146 i3 Verticals, Inc. (NASDAQ:IIIV)

AltraVue Capital LLC acquired a new stake in i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 911,146 shares of the company's stock, valued at approximately $20,993,000. i3 Verticals accounts for 1.7% of AltraVue Capital LLC's investment portfolio, making the stock its 22nd biggest position. AltraVue Capital LLC owned about 2.72% of i3 Verticals as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in shares of i3 Verticals during the third quarter worth approximately $109,000. Atom Investors LP acquired a new position in i3 Verticals in the 3rd quarter valued at $218,000. Portolan Capital Management LLC raised its position in i3 Verticals by 3.8% during the 3rd quarter. Portolan Capital Management LLC now owns 653,072 shares of the company's stock worth $13,917,000 after buying an additional 23,921 shares during the last quarter. State Street Corp lifted its stake in shares of i3 Verticals by 0.5% in the 3rd quarter. State Street Corp now owns 495,943 shares of the company's stock worth $10,569,000 after acquiring an additional 2,664 shares during the period. Finally, Barclays PLC boosted its holdings in shares of i3 Verticals by 112.3% in the third quarter. Barclays PLC now owns 41,036 shares of the company's stock valued at $873,000 after acquiring an additional 21,709 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IIIV shares. Morgan Stanley increased their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. KeyCorp increased their target price on i3 Verticals from $27.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. BMO Capital Markets lifted their price target on 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, DA Davidson increased their price objective on i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Two equities research 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. According to MarketBeat, i3 Verticals has an average rating of "Moderate Buy" and a consensus target price of $29.86.

i3 Verticals Stock Performance

IIIV stock traded down $0.34 during midday trading on Friday, hitting $23.75. 365,111 shares of the stock were exchanged, compared to its average volume of 222,764. The stock's 50-day moving average price is $25.80 and its 200-day moving average price is $24.20. The stock has a market cap of $785.51 million, a price-to-earnings ratio of 5.29 and a beta of 1.36. i3 Verticals, Inc. has a fifty-two week low of $18.75 and a fifty-two week 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 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%. Research analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current 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.