i3 Verticals, Inc. (NASDAQ:IIIV) Director David M. Wilds Sells 218,400 Shares

i3 Verticals, Inc. (NASDAQ:IIIV) Director David M. Wilds sold 218,400 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $24.81, for a total value of $5,418,504.00. Following the sale, the director now owns 260,657 shares in the company, valued at approximately $6,466,900.17. The trade was a 45.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

i3 Verticals Stock Down 1.3%

Shares of NASDAQ:IIIV opened at $26.40 on Friday. The business has a 50 day moving average price of $24.82 and a 200 day moving average price of $24.77. i3 Verticals, Inc. has a twelve month low of $18.75 and a twelve month high of $29.80. The company has a market cap of $873.15 million, a price-to-earnings ratio of 5.88 and a beta of 1.31.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. KeyCorp boosted 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. Morgan Stanley reduced their price target on i3 Verticals from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, DA Davidson boosted their price target on i3 Verticals from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.57.

Hedge Funds Weigh In On i3 Verticals

Several large investors have recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in shares of i3 Verticals by 112,500.0% in the 1st quarter. NBC Securities Inc. now owns 1,126 shares of the company’s stock worth $27,000 after buying an additional 1,125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of i3 Verticals by 2,744.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,048 shares of the company’s stock worth $51,000 after purchasing an additional 1,976 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of i3 Verticals in the 4th quarter worth $72,000. KLP Kapitalforvaltning AS acquired a new stake in i3 Verticals during the 4th quarter worth $99,000. Finally, CIBC Private Wealth Group LLC raised its stake in i3 Verticals by 52.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,260 shares of the company’s stock worth $126,000 after buying an additional 1,809 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

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.