Dynamic Technology Lab Private Ltd Takes Position in i3 Verticals, Inc. (NASDAQ:IIIV)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,924 shares of the company’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of i3 Verticals during the 4th quarter valued at $99,000. CIBC Private Wealth Group LLC increased its holdings in i3 Verticals by 52.4% in the 4th 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 last quarter. AlphaQuest LLC increased its holdings in i3 Verticals by 688,600.0% in the 4th 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. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in i3 Verticals by 26.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,130 shares of the company’s stock valued at $168,000 after acquiring an additional 1,488 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in i3 Verticals by 62.4% in the 4th quarter. SG Americas Securities LLC now owns 8,646 shares of the company’s stock valued at $199,000 after acquiring an additional 3,323 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

i3 Verticals Trading Up 6.2 %

Shares of i3 Verticals stock opened at $24.18 on Thursday. The firm’s 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $24.23. The firm has a market capitalization of $799.73 million, a price-to-earnings ratio of 5.39 and a beta of 1.36. i3 Verticals, Inc. has a 12-month low of $18.75 and a 12-month high of $29.80.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data 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, sell-side analysts predict that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

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.