i3 Verticals, Inc. (NASDAQ:IIIV) Shares Sold by State of Wyoming

State of Wyoming lowered its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 74.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,987 shares of the company's stock after selling 31,931 shares during the quarter. State of Wyoming's holdings in i3 Verticals were worth $253,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of i3 Verticals by 112.3% in the 3rd quarter. Barclays PLC now owns 41,036 shares of the company's stock valued at $873,000 after purchasing an additional 21,709 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company's stock valued at $199,000 after purchasing an additional 3,323 shares in the last quarter. Equitable Trust Co. purchased a new position in shares of i3 Verticals in the 4th quarter valued at about $746,000. Legato Capital Management LLC purchased a new position in shares of i3 Verticals in the 4th quarter valued at about $4,233,000. Finally, New York State Common Retirement Fund increased its holdings in i3 Verticals by 1,855.9% during the 4th quarter. New York State Common Retirement Fund now owns 175,833 shares of the company's stock valued at $4,051,000 after acquiring an additional 166,843 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company's stock.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV traded up $0.41 during midday trading on Thursday, reaching $25.50. The company had a trading volume of 126,784 shares, compared to its average volume of 237,480. The stock's fifty day moving average price is $25.06 and its 200-day moving average price is $24.86. The stock has a market capitalization of $847.03 million, a P/E ratio of 5.68 and a beta of 1.31. i3 Verticals, Inc. has a one year low of $18.77 and a one year high of $29.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on IIIV shares. Morgan Stanley decreased their price target on shares of i3 Verticals from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 13th. KeyCorp raised their price target on shares of 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 raised their price target on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. Finally, DA Davidson raised their price target on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Two 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.57.

Insider Buying and Selling

In other i3 Verticals news, Director David M. Wilds sold 218,400 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $24.81, for a total transaction of $5,418,504.00. Following the completion of the sale, the director now owns 260,657 shares in the company, valued at $6,466,900.17. The trade was a 45.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Burton Harvey sold 71,860 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $24.81, for a total transaction of $1,782,846.60. Following the sale, the director now owns 11,285 shares of the company's stock, valued at approximately $279,980.85. The trade was a 86.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,261 shares of company stock worth $9,374,552. Insiders own 59.07% of the company's stock.

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.