i3 Verticals, Inc. (NASDAQ:IIIV) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. cut its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 811,550 shares of the company’s stock after selling 800 shares during the quarter. i3 Verticals accounts for 1.0% of Heartland Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Heartland Advisors Inc. owned 2.42% of i3 Verticals worth $18,698,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in i3 Verticals during the fourth quarter worth about $99,000. Quantbot Technologies LP acquired a new position in shares of i3 Verticals in the third quarter worth $109,000. AlphaQuest LLC boosted its stake in shares of i3 Verticals by 688,600.0% during the 4th quarter. AlphaQuest LLC now owns 6,887 shares of the company’s stock worth $159,000 after purchasing an additional 6,886 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 valued at $168,000 after buying an additional 1,488 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock worth $199,000 after acquiring an additional 3,323 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Up 0.6 %

Shares of NASDAQ IIIV opened at $25.37 on Friday. i3 Verticals, Inc. has a twelve month low of $18.75 and a twelve month high of $29.80. The business has a 50 day simple moving average of $25.74 and a 200-day simple moving average of $24.07. The company has a market capitalization of $839.09 million, a price-to-earnings ratio of 5.65 and a beta of 1.52.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (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%. As a group, equities analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets lifted their price objective on i3 Verticals from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Morgan Stanley upped their price target on i3 Verticals from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. DA Davidson increased their price target on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, KeyCorp upped their price target on i3 Verticals from $27.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.86.

About i3 Verticals

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.