Teton Advisors Inc. Has $1.69 Million Position in i3 Verticals, Inc. (NASDAQ:IIIV)

Teton Advisors Inc. lowered its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,791 shares of the company’s stock after selling 17,000 shares during the quarter. Teton Advisors Inc. owned about 0.24% of i3 Verticals worth $1,689,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Geneva Capital Management LLC grew its position in i3 Verticals by 0.3% in the 4th quarter. Geneva Capital Management LLC now owns 1,887,826 shares of the company’s stock valued at $39,965,000 after purchasing an additional 5,519 shares during the period. Vanguard Group Inc. lifted its stake in i3 Verticals by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,262,579 shares of the company’s stock valued at $26,691,000 after acquiring an additional 9,705 shares in the last quarter. Heartland Advisors Inc. lifted its stake in i3 Verticals by 0.6% during the 4th quarter. Heartland Advisors Inc. now owns 540,750 shares of the company’s stock valued at $11,448,000 after acquiring an additional 3,440 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in i3 Verticals during the 3rd quarter valued at $6,807,000. Finally, CIBC Private Wealth Group LLC lifted its stake in i3 Verticals by 147.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245,440 shares of the company’s stock valued at $5,196,000 after acquiring an additional 146,222 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

Analyst Ratings Changes

IIIV has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. BMO Capital Markets dropped their price objective on i3 Verticals from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. Benchmark reiterated a “buy” rating and set a $28.00 target price on shares of i3 Verticals in a research note on Monday, April 1st. TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. Finally, KeyCorp lifted their target price on i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.43.

i3 Verticals Stock Performance

i3 Verticals stock traded down $0.40 during midday trading on Tuesday, reaching $22.71. The stock had a trading volume of 199,399 shares, compared to its average volume of 228,656. i3 Verticals, Inc. has a 12 month low of $17.54 and a 12 month high of $25.70. The firm’s 50-day moving average price is $22.41 and its 200 day moving average price is $20.83. The firm has a market capitalization of $757.83 million, a PE ratio of -324.43 and a beta of 1.57. 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 announced its quarterly earnings data on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $92.92 million. As a group, research analysts predict that i3 Verticals, Inc. will post 0.95 earnings per share for the current fiscal year.

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.