Sanctuary Advisors LLC Has $276,000 Stake in i3 Verticals, Inc. (NASDAQ:IIIV)

Sanctuary Advisors LLC lowered its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,660 shares of the company’s stock after selling 963 shares during the quarter. Sanctuary Advisors LLC’s holdings in i3 Verticals were worth $276,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of i3 Verticals by 112.3% in the 3rd quarter. Barclays PLC now owns 41,036 shares of the company’s stock valued at $873,000 after buying an additional 21,709 shares during the period. Bares Capital Management Inc. acquired a new stake in i3 Verticals in the third quarter valued at approximately $334,000. ABS Direct Equity Fund LLC grew its position in i3 Verticals by 40.0% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 35,000 shares of the company’s stock valued at $746,000 after purchasing an additional 10,000 shares during the period. State Street Corp grew its position in i3 Verticals by 0.5% in the 3rd quarter. State Street Corp now owns 495,943 shares of the company’s stock valued at $10,569,000 after purchasing an additional 2,664 shares during the period. Finally, Portolan Capital Management LLC increased its stake in i3 Verticals by 3.8% during the 3rd quarter. Portolan Capital Management LLC now owns 653,072 shares of the company’s stock valued at $13,917,000 after purchasing an additional 23,921 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IIIV shares. Benchmark reiterated a “buy” rating and set a $33.00 price objective on shares of i3 Verticals in a report on Tuesday, November 19th. Stephens reissued an “overweight” rating and set a $29.00 price objective on shares of i3 Verticals in a report on Tuesday, November 19th. BMO Capital Markets dropped their target price on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, October 3rd. Finally, DA Davidson reiterated a “buy” rating and set a $32.00 price target on shares of i3 Verticals in a report on Monday, September 30th. Two investment 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 data from MarketBeat, i3 Verticals currently has an average rating of “Moderate Buy” and a consensus target price of $27.14.

i3 Verticals Trading Down 0.5 %

Shares of i3 Verticals stock opened at $23.91 on Friday. The firm has a market capitalization of $801.94 million, a P/E ratio of 5.37 and a beta of 1.49. The business’s fifty day simple moving average is $23.78 and its 200 day simple moving average is $22.69. i3 Verticals, Inc. has a 12 month low of $17.54 and a 12 month high of $26.66.

Insider Transactions at i3 Verticals

In related news, President Frederick Stanford sold 17,577 shares of i3 Verticals stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $25.28, for a total value of $444,346.56. Following the sale, the president now owns 100,000 shares of the company’s stock, valued at approximately $2,528,000. The trade was a 14.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 34.00% of the company’s stock.

i3 Verticals 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.