i3 Verticals, Inc. (NASDAQ:IIIV) Shares Sold by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd lessened its position in i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,844 shares of the company's stock after selling 112,013 shares during the quarter. i3 Verticals comprises 1.6% of AYAL Capital Advisors Ltd's holdings, making the stock its 14th largest position. AYAL Capital Advisors Ltd owned 0.77% of i3 Verticals worth $5,987,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in i3 Verticals by 112.3% during the 3rd quarter. Barclays PLC now owns 41,036 shares of the company's stock worth $873,000 after purchasing an additional 21,709 shares during the last quarter. New York State Common Retirement Fund boosted its position in i3 Verticals by 1,855.9% during the fourth quarter. New York State Common Retirement Fund now owns 175,833 shares of the company's stock worth $4,051,000 after acquiring an additional 166,843 shares during the last quarter. Swiss National Bank grew its stake in i3 Verticals by 2.0% during the 4th quarter. Swiss National Bank now owns 46,700 shares of the company's stock valued at $1,076,000 after acquiring an additional 900 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 1,404 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in i3 Verticals in the 4th quarter worth approximately $13,313,000. 84.22% of the stock is owned by institutional investors and hedge funds.

i3 Verticals Trading Up 2.3 %

i3 Verticals stock traded up $0.60 during trading on Thursday, hitting $27.17. The company had a trading volume of 125,656 shares, compared to its average volume of 228,067. i3 Verticals, Inc. has a 1-year low of $18.75 and a 1-year high of $29.80. The company's 50 day simple moving average is $24.70 and its 200-day simple moving average is $24.65. The stock has a market cap of $898.62 million, a price-to-earnings ratio of 6.05 and a beta of 1.31.

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

Analyst Ratings Changes

IIIV has been the subject of a number of recent research reports. KeyCorp raised 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. Morgan Stanley increased 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 note on Wednesday, February 12th. DA Davidson lifted their price target on shares of i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, BMO Capital Markets increased their price objective on i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.86.

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.