11,098 Shares in i3 Verticals, Inc. (NASDAQ:IIIV) Bought by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,098 shares of the company's stock, valued at approximately $256,000.

Several other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of i3 Verticals by 112.3% in the third quarter. Barclays PLC now owns 41,036 shares of the company's stock valued at $873,000 after purchasing an additional 21,709 shares during the last quarter. New York State Common Retirement Fund grew 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 valued at $4,051,000 after buying an additional 166,843 shares during the period. Swiss National Bank grew its position in i3 Verticals by 2.0% during the fourth quarter. Swiss National Bank now owns 46,700 shares of the company's stock valued at $1,076,000 after buying an additional 900 shares during the period. Charles Schwab Investment Management Inc. grew its position in i3 Verticals by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 66,350 shares of the company's stock valued at $1,529,000 after buying an additional 1,404 shares during the period. Finally, Raymond James Financial Inc. bought a new position in i3 Verticals during the fourth quarter valued at about $13,313,000. Institutional investors and hedge funds own 84.22% of the company's stock.

Wall Street Analyst Weigh In

IIIV has been the subject of several research reports. KeyCorp increased their price target on shares of i3 Verticals from $27.00 to $32.00 and gave the company an "overweight" rating in a research report 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 report on Wednesday, February 12th. DA Davidson increased their target price on shares of i3 Verticals from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, BMO Capital Markets increased their target price on shares of 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.86.

i3 Verticals Trading Up 0.2 %

Shares of IIIV stock traded up $0.06 during trading hours on Thursday, reaching $25.18. The stock had a trading volume of 92,958 shares, compared to its average volume of 227,419. i3 Verticals, Inc. has a 12 month low of $18.75 and a 12 month high of $29.80. The firm has a market capitalization of $832.80 million, a PE ratio of 5.61 and a beta of 1.36. The stock's fifty day simple moving average is $24.74 and its 200 day simple moving average is $24.54.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

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.