i3 Verticals (NASDAQ:IIIV) Price Target Raised to $32.00

i3 Verticals (NASDAQ:IIIV) had its target price upped by research analysts at KeyCorp from $27.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 13.39% from the company’s previous close.

IIIV has been the topic of several other research reports. Stephens reaffirmed an “overweight” rating and issued a $29.00 price target on shares of i3 Verticals in a research note on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and set a $33.00 target price on shares of i3 Verticals in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, i3 Verticals currently has an average rating of “Moderate Buy” and an average target price of $27.86.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV opened at $28.22 on Monday. The firm has a market capitalization of $946.50 million, a PE ratio of 6.29 and a beta of 1.51. The business has a 50 day simple moving average of $23.98 and a two-hundred day simple moving average of $23.25. i3 Verticals has a 1 year low of $17.54 and a 1 year high of $28.47.

i3 Verticals (NASDAQ:IIIV) 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 net margin of 41.85% and a return on equity of 3.59%. Equities research analysts expect that i3 Verticals will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other i3 Verticals news, President Frederick Stanford sold 17,577 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $25.28, for a total transaction of $444,346.56. Following the completion of the sale, the president now owns 100,000 shares in the company, valued at $2,528,000. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 59.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in i3 Verticals during the third quarter valued at approximately $109,000. AlphaQuest LLC increased its position in shares of i3 Verticals by 688,600.0% during the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock worth $159,000 after purchasing an additional 6,886 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of i3 Verticals by 62.4% during the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock valued at $199,000 after purchasing an additional 3,323 shares during the last quarter. Atom Investors LP acquired a new stake in shares of i3 Verticals in the 3rd quarter worth $218,000. Finally, Sanctuary Advisors LLC purchased a new position in i3 Verticals during the 2nd quarter worth $292,000. 84.22% of the stock is currently owned by hedge funds and other institutional investors.

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.