Conestoga Capital Advisors LLC Sells 26,980 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Conestoga Capital Advisors LLC decreased its position in shares of i3 Verticals, Inc. (NASDAQ:IIIVGet Rating) by 28.6% during the first quarter, Holdings Channel reports. The institutional investor owned 67,295 shares of the company’s stock after selling 26,980 shares during the period. Conestoga Capital Advisors LLC’s holdings in i3 Verticals were worth $1,875,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Advisor Group Holdings Inc. lifted its position in shares of i3 Verticals by 24.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,960 shares of the company’s stock valued at $90,000 after acquiring an additional 790 shares in the last quarter. Scissortail Wealth Management LLC purchased a new position in i3 Verticals in the 4th quarter worth approximately $101,000. Metropolitan Life Insurance Co NY lifted its holdings in i3 Verticals by 13.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,829 shares of the company’s stock worth $141,000 after purchasing an additional 687 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in i3 Verticals in the 4th quarter worth approximately $152,000. Finally, Lbmc Investment Advisors LLC purchased a new stake in i3 Verticals during the 1st quarter valued at approximately $208,000. Institutional investors and hedge funds own 65.21% of the company’s stock.

NASDAQ:IIIV opened at $25.03 on Wednesday. The stock’s fifty day moving average is $24.51 and its 200 day moving average is $24.79. i3 Verticals, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $32.97. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.58 and a current ratio of 0.58.

i3 Verticals (NASDAQ:IIIVGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. i3 Verticals had a negative net margin of 4.87% and a positive return on equity of 8.01%. The business had revenue of $78.12 million for the quarter, compared to the consensus estimate of $71.45 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities analysts predict that i3 Verticals, Inc. will post 0.55 earnings per share for the current year.

Several research firms have commented on IIIV. Stephens started coverage on shares of i3 Verticals in a report on Thursday, June 9th. They set an “overweight” rating and a $30.00 price objective for the company. TheStreet upgraded shares of i3 Verticals from a “d+” rating to a “c-” rating in a report on Wednesday, March 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, i3 Verticals currently has a consensus rating of “Buy” and a consensus price target of $31.50.

In other i3 Verticals news, CTO Robert Bertke sold 2,324 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $24.72, for a total transaction of $57,449.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 30.36% of the stock is owned by company insiders.

About i3 Verticals (Get Rating)

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.

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Institutional Ownership by Quarter for i3 Verticals (NASDAQ:IIIV)

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