Nebula Research & Development LLC Trims Stock Holdings in i3 Verticals, Inc. (NASDAQ:IIIV)

Nebula Research & Development LLC trimmed its holdings in i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 46.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,742 shares of the company's stock after selling 10,887 shares during the quarter. Nebula Research & Development LLC's holdings in i3 Verticals were worth $294,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in i3 Verticals by 112.3% in the 3rd quarter. Barclays PLC now owns 41,036 shares of the company's stock worth $873,000 after acquiring an additional 21,709 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of 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 purchasing an additional 166,843 shares during the period. Swiss National Bank raised its position in shares of 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 purchasing an additional 900 shares during the period. Charles Schwab Investment Management Inc. boosted 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 worth $1,529,000 after buying an additional 1,404 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in i3 Verticals in the 4th quarter worth $13,313,000. Hedge funds and other institutional investors own 84.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on IIIV shares. KeyCorp increased their price objective 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. BMO Capital Markets lifted their price objective on i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a research note on Monday, February 10th. DA Davidson increased their target price on i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Morgan Stanley boosted their price target on shares of i3 Verticals from $22.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.86.

i3 Verticals Stock Up 1.7 %

IIIV traded up $0.45 during trading on Tuesday, reaching $25.96. The company had a trading volume of 49,090 shares, compared to its average volume of 226,388. The business has a 50 day simple moving average of $24.67 and a 200-day simple moving average of $24.62. The stock has a market cap of $858.44 million, a P/E ratio of 5.79 and a beta of 1.31. 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 released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) 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%. As a group, equities research analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

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.