Mirae Asset Global Investments Co. Ltd. Reduces Stock Holdings in i3 Verticals, Inc. (NASDAQ:IIIV)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,223 shares of the company’s stock after selling 636 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of i3 Verticals worth $788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in i3 Verticals in the third quarter worth $125,000. Principal Financial Group Inc. purchased a new position in i3 Verticals during the third quarter valued at $200,000. Campbell & CO Investment Adviser LLC lifted its position in i3 Verticals by 37.5% during the third quarter. Campbell & CO Investment Adviser LLC now owns 16,202 shares of the company’s stock valued at $343,000 after buying an additional 4,421 shares during the period. Boston Partners purchased a new position in i3 Verticals during the third quarter valued at $978,000. Finally, Wesbanco Bank Inc. lifted its position in i3 Verticals by 37.8% during the third quarter. Wesbanco Bank Inc. now owns 49,547 shares of the company’s stock valued at $1,047,000 after buying an additional 13,600 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Benchmark reissued a “buy” rating and set a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. BMO Capital Markets lowered their price objective on i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a research report on Monday, February 12th. Morgan Stanley lowered their price objective on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. KeyCorp raised their price target on i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Monday. Finally, TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

i3 Verticals Price Performance

NASDAQ IIIV opened at $23.46 on Thursday. i3 Verticals, Inc. has a one year low of $17.54 and a one year high of $25.70. The stock has a 50-day moving average of $22.26 and a 200 day moving average of $20.76. The company has a market capitalization of $782.86 million, a price-to-earnings ratio of -335.14 and a beta of 1.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.50.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. The company had revenue of $91.99 million during the quarter, compared to the consensus estimate of $92.92 million. On average, sell-side analysts forecast that i3 Verticals, Inc. will post 0.95 EPS for the current year.

About i3 Verticals

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.