Semanteon Capital Management LP Makes New Investment in i3 Verticals, Inc. (NASDAQ:IIIV)

Semanteon Capital Management LP acquired a new position in i3 Verticals, Inc. (NASDAQ:IIIV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,285 shares of the company’s stock, valued at approximately $366,000. Semanteon Capital Management LP owned approximately 0.05% of i3 Verticals at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of i3 Verticals by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock valued at $106,000 after buying an additional 1,345 shares in the last quarter. Cullen Investment Group LTD. purchased a new position in shares of i3 Verticals during the 4th quarter valued at approximately $1,878,000. Shaker Investments LLC OH lifted its position in shares of i3 Verticals by 130.5% during the 4th quarter. Shaker Investments LLC OH now owns 23,910 shares of the company’s stock valued at $506,000 after buying an additional 13,535 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of i3 Verticals by 4.2% during the 4th quarter. Conestoga Capital Advisors LLC now owns 69,582 shares of the company’s stock valued at $1,473,000 after buying an additional 2,780 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of i3 Verticals by 4.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 90,276 shares of the company’s stock valued at $1,911,000 after buying an additional 3,904 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IIIV. KeyCorp increased their target price on i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday. TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. Morgan Stanley decreased their price objective on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of i3 Verticals in a report on Monday, April 1st. Finally, BMO Capital Markets decreased their price objective on i3 Verticals from $24.00 to $23.00 and set a “market perform” rating on the stock in a report on Monday, February 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.43.

i3 Verticals Trading Down 0.2 %

Shares of IIIV traded down $0.05 during midday trading on Friday, reaching $23.10. The company had a trading volume of 91,264 shares, compared to its average volume of 231,072. i3 Verticals, Inc. has a 1-year low of $17.54 and a 1-year high of $25.70. The stock has a market cap of $770.85 million, a PE ratio of -330.00 and a beta of 1.57. The firm has a 50 day simple moving average of $22.36 and a 200-day simple moving average of $20.80. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.85.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. The business had revenue of $91.99 million during the quarter, compared to the consensus estimate of $92.92 million. Research analysts forecast that i3 Verticals, Inc. will post 0.95 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.