272 Capital LP Reduces Stock Holdings in i3 Verticals, Inc. (NASDAQ:IIIV)

272 Capital LP cut its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 6.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 256,021 shares of the company’s stock after selling 16,730 shares during the quarter. i3 Verticals comprises 2.8% of 272 Capital LP’s holdings, making the stock its 9th biggest position. 272 Capital LP’s holdings in i3 Verticals were worth $5,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Trexquant Investment LP acquired a new position in shares of i3 Verticals in the fourth quarter worth about $470,000. Cape Investment Advisory Inc. acquired a new position in i3 Verticals in the 4th quarter worth approximately $30,000. 1492 Capital Management LLC grew its position in i3 Verticals by 16.7% during the 4th quarter. 1492 Capital Management LLC now owns 46,341 shares of the company’s stock worth $981,000 after purchasing an additional 6,615 shares in the last quarter. Olympiad Research LP purchased a new position in i3 Verticals during the 4th quarter worth approximately $203,000. Finally, Campbell & CO Investment Adviser LLC raised its stake in i3 Verticals by 57.5% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 25,519 shares of the company’s stock valued at $540,000 after purchasing an additional 9,317 shares during the period. 84.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IIIV has been the topic of a number of research analyst reports. KeyCorp lowered their price target on i3 Verticals from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $33.00 target price on shares of i3 Verticals in a research note on Tuesday, September 3rd. Raymond James reduced their price target on shares of i3 Verticals from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Monday, August 12th. Finally, Stephens reaffirmed an “overweight” rating and set a $29.00 price objective on shares of i3 Verticals in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.83.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $21.68 on Tuesday. i3 Verticals, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $25.51. The stock’s 50-day moving average is $22.59 and its two-hundred day moving average is $21.83. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $725.67 million, a P/E ratio of 2,168.00 and a beta of 1.54.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). The firm had revenue of $56.04 million during the quarter, compared to analyst estimates of $96.43 million. i3 Verticals had a positive return on equity of 5.99% and a negative net margin of 0.01%. Analysts predict that i3 Verticals, Inc. will post 0.19 earnings per share for the current fiscal year.

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.