Marshall Wace LLP Boosts Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Marshall Wace LLP grew its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 20.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 175,296 shares of the company's stock after purchasing an additional 29,194 shares during the quarter. Marshall Wace LLP owned approximately 0.52% of i3 Verticals worth $4,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IIIV. KLP Kapitalforvaltning AS bought a new position in shares of i3 Verticals in the fourth quarter worth approximately $99,000. CIBC Private Wealth Group LLC increased its stake in i3 Verticals by 52.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company's stock worth $126,000 after buying an additional 1,809 shares in the last quarter. AlphaQuest LLC raised its holdings in i3 Verticals by 688,600.0% during the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company's stock valued at $159,000 after acquiring an additional 6,886 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of i3 Verticals by 26.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,130 shares of the company's stock valued at $168,000 after acquiring an additional 1,488 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of i3 Verticals by 62.4% in the fourth quarter. SG Americas Securities LLC now owns 8,646 shares of the company's stock worth $199,000 after acquiring an additional 3,323 shares during the period. Institutional investors own 84.22% of the company's stock.

i3 Verticals Stock Performance

Shares of NASDAQ:IIIV traded down $0.39 on Wednesday, reaching $25.12. The company's stock had a trading volume of 131,353 shares, compared to its average volume of 228,113. The company has a 50-day simple moving average of $24.74 and a 200 day simple moving average of $24.54. The company has a market cap of $830.82 million, a P/E ratio of 5.59 and a beta of 1.36. i3 Verticals, Inc. has a 52-week low of $18.75 and a 52-week high of $29.80.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.05). i3 Verticals had a return on equity of 3.36% and a net margin of 41.85%. On average, equities research analysts forecast that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

IIIV has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price 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. Morgan Stanley boosted their target price 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. DA Davidson raised their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Finally, KeyCorp lifted their price target on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Two research 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.86.

i3 Verticals Company 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.