Geneva Capital Management LLC Purchases 5,519 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Geneva Capital Management LLC raised its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,887,826 shares of the company’s stock after acquiring an additional 5,519 shares during the quarter. Geneva Capital Management LLC owned approximately 5.66% of i3 Verticals worth $39,965,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in i3 Verticals by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 43,000 shares of the company’s stock worth $910,000 after buying an additional 1,025 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in i3 Verticals by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock worth $106,000 after buying an additional 1,345 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in i3 Verticals by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 86,372 shares of the company’s stock worth $1,826,000 after buying an additional 1,538 shares in the last quarter. Bank of New York Mellon Corp increased its position in i3 Verticals by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 114,906 shares of the company’s stock worth $2,429,000 after buying an additional 1,749 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in i3 Verticals by 31.0% in the fourth quarter. SG Americas Securities LLC now owns 7,762 shares of the company’s stock worth $164,000 after buying an additional 1,836 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Down 1.6 %

IIIV stock traded down $0.36 during mid-day trading on Thursday, reaching $22.17. 210,676 shares of the stock traded hands, compared to its average volume of 225,319. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.50. The business has a 50-day moving average price of $22.48 and a two-hundred day moving average price of $20.93. i3 Verticals, Inc. has a one year low of $17.54 and a one year high of $25.70. The stock has a market capitalization of $739.88 million, a PE ratio of -316.71 and a beta of 1.56.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $91.99 million for the quarter, compared to the consensus estimate of $92.92 million. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. Equities research analysts expect that i3 Verticals, Inc. will post 0.95 EPS for the current year.

Analyst Upgrades and Downgrades

IIIV has been the subject of several research analyst reports. TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a research report on Monday, March 18th. KeyCorp increased their target price on i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Morgan Stanley cut their target price on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. BMO Capital Markets cut their target price on i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a research report on Monday, February 12th. Finally, Benchmark restated a “buy” rating and set a $28.00 price target on shares of i3 Verticals in a report on Monday, April 1st. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.43.

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.