Kornitzer Capital Management Inc. KS Has $902,000 Position in i3 Verticals, Inc. (NASDAQ:IIIV)

Kornitzer Capital Management Inc. KS trimmed its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 46.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,600 shares of the company's stock after selling 36,800 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.13% of i3 Verticals worth $902,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in i3 Verticals in the 3rd quarter valued at about $125,000. Voss Capital LLC boosted its position in i3 Verticals by 36.9% in the 3rd quarter. Voss Capital LLC now owns 937,083 shares of the company's stock valued at $19,810,000 after buying an additional 252,439 shares during the period. Raymond James & Associates boosted its position in i3 Verticals by 28.7% in the 3rd quarter. Raymond James & Associates now owns 77,660 shares of the company's stock valued at $1,642,000 after buying an additional 17,297 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of i3 Verticals by 1.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 86,372 shares of the company's stock worth $1,826,000 after purchasing an additional 1,538 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of i3 Verticals by 1.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 114,906 shares of the company's stock worth $2,429,000 after purchasing an additional 1,749 shares during the period. 84.22% of the stock is currently owned by institutional investors.

i3 Verticals Stock Performance

i3 Verticals stock traded up $0.19 during mid-day trading on Monday, reaching $22.52. 185,860 shares of the company traded hands, compared to its average volume of 234,258. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.50. i3 Verticals, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $25.70. The company has a market capitalization of $751.49 million, a price-to-earnings ratio of -321.71 and a beta of 1.57. The firm's fifty day moving average is $22.10 and its two-hundred day moving average is $20.72.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. The business had revenue of $91.99 million for the quarter, compared to analyst estimates of $92.92 million. On average, equities research analysts expect that i3 Verticals, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IIIV shares. Morgan Stanley lowered their price target on shares of i3 Verticals from $25.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, February 12th. TheStreet raised shares of i3 Verticals from a "d+" rating to a "c-" rating in a research report on Monday, March 18th. KeyCorp upped their price target on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Monday. BMO Capital Markets decreased their target price on shares of i3 Verticals from $24.00 to $23.00 and set a "market perform" rating for the company in a research report on Monday, February 12th. Finally, Benchmark reissued a "buy" rating and set a $28.00 target price on shares of i3 Verticals in a research report on Monday, April 1st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.43.

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.