2,912 Shares in i3 Verticals, Inc. (NASDAQ:IIIV) Acquired by Johnson Financial Group Inc.

Johnson Financial Group Inc. purchased a new position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,912 shares of the company’s stock, valued at approximately $72,000.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its position in i3 Verticals by 112.3% during the 3rd quarter. Barclays PLC now owns 41,036 shares of the company’s stock worth $873,000 after acquiring an additional 21,709 shares during the last quarter. New York State Common Retirement Fund boosted its position in i3 Verticals by 1,855.9% in the 4th quarter. New York State Common Retirement Fund now owns 175,833 shares of the company’s stock valued at $4,051,000 after buying an additional 166,843 shares during the last quarter. Swiss National Bank boosted its position in i3 Verticals by 2.0% in the 4th quarter. Swiss National Bank now owns 46,700 shares of the company’s stock valued at $1,076,000 after buying an additional 900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in i3 Verticals by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,350 shares of the company’s stock valued at $1,529,000 after buying an additional 1,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in i3 Verticals in the 4th quarter valued at $13,313,000. 84.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

i3 Verticals Trading Down 0.1 %

Shares of i3 Verticals stock opened at $25.18 on Tuesday. The company has a market capitalization of $832.80 million, a PE ratio of 5.61 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. The stock’s fifty day simple moving average is $24.84 and its 200 day simple moving average is $24.53.

i3 Verticals (NASDAQ:IIIV) last issued 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 return on equity of 3.36% and a net margin of 41.85%. Analysts predict that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

i3 Verticals 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.