Nicholas Company Inc. raised its stake in shares of i3 Verticals Inc (NASDAQ:IIIV) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,855 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Nicholas Company Inc. owned 1.06% of i3 Verticals worth $6,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in IIIV. Legal & General Group Plc bought a new stake in i3 Verticals during the third quarter valued at approximately $27,000. American International Group Inc. bought a new stake in i3 Verticals during the third quarter valued at approximately $118,000. New York State Common Retirement Fund bought a new stake in i3 Verticals during the fourth quarter valued at approximately $207,000. Raymond James Financial Services Advisors Inc. bought a new stake in i3 Verticals during the fourth quarter valued at approximately $220,000. Finally, Rhumbline Advisers bought a new stake in i3 Verticals during the fourth quarter valued at approximately $229,000. Institutional investors and hedge funds own 33.15% of the company’s stock.
Several equities research analysts have issued reports on IIIV shares. KeyCorp lifted their target price on shares of i3 Verticals from $22.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, January 2nd. BTIG Research started coverage on shares of i3 Verticals in a research report on Tuesday, December 11th. They set a “buy” rating and a $27.00 target price for the company. Raymond James lifted their target price on shares of i3 Verticals from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 30th. Finally, Zacks Investment Research lowered shares of i3 Verticals from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. i3 Verticals presently has a consensus rating of “Buy” and a consensus target price of $24.50.
i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The business had revenue of $29.60 million during the quarter, compared to the consensus estimate of $30.01 million. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts predict that i3 Verticals Inc will post 0.74 earnings per share for the current fiscal year.
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i3 Verticals Company Profile
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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