Rock Creek Group LP Sells 5,021 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Rock Creek Group LP decreased its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 33.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,979 shares of the company’s stock after selling 5,021 shares during the quarter. Rock Creek Group LP’s holdings in i3 Verticals were worth $230,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IIIV. Vanguard Group Inc. increased its stake in i3 Verticals by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,325,690 shares of the company’s stock worth $30,544,000 after acquiring an additional 19,342 shares during the last quarter. Portolan Capital Management LLC increased its position in shares of i3 Verticals by 3.8% in the third quarter. Portolan Capital Management LLC now owns 653,072 shares of the company’s stock worth $13,917,000 after purchasing an additional 23,921 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in i3 Verticals in the fourth quarter valued at approximately $13,313,000. Royce & Associates LP lifted its position in i3 Verticals by 10.7% during the fourth quarter. Royce & Associates LP now owns 541,350 shares of the company’s stock valued at $12,473,000 after purchasing an additional 52,510 shares during the last quarter. Finally, State Street Corp grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Stock Performance

IIIV opened at $24.59 on Friday. The stock has a market capitalization of $813.29 million, a PE ratio of 5.48 and a beta of 1.52. The stock’s 50 day moving average price is $25.75 and its 200-day moving average price is $24.11. i3 Verticals, Inc. has a 52-week low of $18.75 and a 52-week high of $29.80.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 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%. Research analysts forecast that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IIIV has been the topic of several research reports. DA Davidson raised their price objective on shares of i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Morgan Stanley upped their price objective on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. KeyCorp raised their price objective on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, BMO Capital Markets boosted their price objective 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.86.

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.