Kennedy Capital Management LLC Acquires 20,088 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Kennedy Capital Management LLC increased its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 13.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 170,957 shares of the company’s stock after purchasing an additional 20,088 shares during the period. Kennedy Capital Management LLC owned 0.51% of i3 Verticals worth $3,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC lifted its position in i3 Verticals by 0.9% during the first quarter. Conestoga Capital Advisors LLC now owns 70,222 shares of the company’s stock valued at $1,607,000 after acquiring an additional 640 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of 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 during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of i3 Verticals in the first quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new position in shares of i3 Verticals in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Up 0.3 %

Shares of IIIV stock traded up $0.07 during trading hours on Tuesday, hitting $24.91. The company had a trading volume of 212,677 shares, compared to its average volume of 232,984. The company’s fifty day moving average is $21.10 and its 200 day moving average is $21.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.81. i3 Verticals, Inc. has a fifty-two week low of $17.54 and a fifty-two week high of $25.51. The stock has a market capitalization of $833.74 million, a PE ratio of 2,486.49 and a beta of 1.58.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). i3 Verticals had a return on equity of 8.91% and a net margin of 0.63%. The company had revenue of $94.54 million during the quarter, compared to analyst estimates of $96.27 million. Research analysts expect that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on IIIV. Benchmark boosted their target price on shares of i3 Verticals from $28.00 to $33.00 and gave the company a “buy” rating in a report on Monday. Stephens boosted their target price on shares of i3 Verticals from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, June 27th. BMO Capital Markets decreased their target price on shares of i3 Verticals from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Monday, May 13th. Finally, KeyCorp boosted their target price on shares of i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, i3 Verticals has an average rating of “Moderate Buy” and an average target price of $27.50.

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.