Pitcairn Co. Has $396,000 Holdings in i3 Verticals, Inc. (NASDAQ:IIIV)

Pitcairn Co. lifted its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,183 shares of the company’s stock after purchasing an additional 657 shares during the period. Pitcairn Co.’s holdings in i3 Verticals were worth $396,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in i3 Verticals during the 4th quarter worth $99,000. Quantbot Technologies LP bought a new stake in shares of i3 Verticals during the third quarter worth $109,000. CIBC Private Wealth Group LLC lifted its stake in shares of i3 Verticals by 52.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock valued at $126,000 after acquiring an additional 1,809 shares during the period. AlphaQuest LLC boosted its holdings in i3 Verticals by 688,600.0% in the fourth quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock valued at $159,000 after acquiring an additional 6,886 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in i3 Verticals by 26.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,130 shares of the company’s stock worth $168,000 after purchasing an additional 1,488 shares during the period. 84.22% of the stock is owned by institutional investors.

i3 Verticals Price Performance

Shares of i3 Verticals stock opened at $23.75 on Friday. The firm has a market cap of $785.51 million, a price-to-earnings ratio of 5.29 and a beta of 1.36. The stock’s 50-day moving average is $25.80 and its 200-day moving average is $24.20. i3 Verticals, Inc. has a one year low of $18.75 and a one year high of $29.80.

i3 Verticals (NASDAQ:IIIV) last released its earnings results 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 net margin of 41.85% and a return on equity of 3.36%. On average, equities analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IIIV shares. KeyCorp upped their target price on shares of i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. 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 note on Monday, February 10th. Morgan Stanley boosted their target price on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets lifted their price target on shares of i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, i3 Verticals currently has a consensus 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.