XTX Topco Ltd Acquires New Holdings in i3 Verticals, Inc. (NASDAQ:IIIV)

XTX Topco Ltd purchased a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,317 shares of the company's stock, valued at approximately $353,000.

Other hedge funds and other institutional investors 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. State Street Corp boosted its holdings in i3 Verticals by 0.5% in the 3rd quarter. State Street Corp now owns 495,943 shares of the company's stock worth $10,569,000 after buying an additional 2,664 shares during the period. New York State Common Retirement Fund lifted its position in shares of i3 Verticals by 1,855.9% in 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 acquiring an additional 166,843 shares in the last quarter. Swiss National Bank boosted its stake in shares of i3 Verticals by 2.0% in the fourth quarter. Swiss National Bank now owns 46,700 shares of the company's stock worth $1,076,000 after acquiring an additional 900 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in i3 Verticals by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,350 shares of the company's stock valued at $1,529,000 after purchasing an additional 1,404 shares during the period. Institutional investors own 84.22% of the company's stock.

i3 Verticals Price Performance

NASDAQ IIIV traded up $0.09 during trading on Tuesday, hitting $25.27. The company's stock had a trading volume of 16,903 shares, compared to its average volume of 227,365. i3 Verticals, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $29.80. The company has a market cap of $835.61 million, a PE ratio of 5.63 and a beta of 1.36. The business's 50 day simple moving average is $24.84 and its 200-day simple moving average is $24.53.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its quarterly earnings results 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%. Analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

IIIV has been the subject of a number of research analyst reports. 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. DA Davidson raised their price target on i3 Verticals from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, February 10th. BMO Capital Markets boosted their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a "market perform" rating in a report on Monday, February 10th. Finally, Morgan Stanley increased their price target on i3 Verticals from $22.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.86.

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.