Johnson Financial Group Inc. Purchases Shares of 2,912 i3 Verticals, Inc. (NASDAQ:IIIV)

Johnson Financial Group Inc. purchased a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) during the 4th quarter, Holdings Channel.com reports. The firm purchased 2,912 shares of the company’s stock, valued at approximately $72,000.

Several other hedge funds also recently modified their holdings of IIIV. Barclays PLC grew its holdings in shares of i3 Verticals by 112.3% in the 3rd quarter. Barclays PLC now owns 41,036 shares of the company’s stock valued at $873,000 after acquiring an additional 21,709 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of i3 Verticals by 38.6% in the 4th quarter. Argent Capital Management LLC now owns 22,418 shares of the company’s stock valued at $517,000 after acquiring an additional 6,238 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of 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 in the last quarter. Equitable Trust Co. bought a new position in shares of i3 Verticals in the 4th quarter valued at about $746,000. Finally, Legato Capital Management LLC bought a new position in shares of i3 Verticals in the 4th quarter valued at about $4,233,000. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Down 0.1 %

IIIV opened at $25.18 on Tuesday. i3 Verticals, Inc. has a 1-year low of $18.75 and a 1-year 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. The stock has a market cap of $832.80 million, a PE ratio of 5.61 and a beta of 1.36.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share 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%. Equities analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. DA Davidson raised their price objective on i3 Verticals from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, February 10th. KeyCorp upped their price objective on i3 Verticals from $27.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets boosted their target price on i3 Verticals from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Finally, 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. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, i3 Verticals currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.86.

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.