Quest Partners LLC Makes New $431,000 Investment in i3 Verticals, Inc. (NASDAQ:IIIV)

Quest Partners LLC acquired a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,382 shares of the company’s stock, valued at approximately $431,000. Quest Partners LLC owned 0.06% of i3 Verticals at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. ABS Direct Equity Fund LLC acquired a new position in shares of i3 Verticals during the 4th quarter worth about $741,000. Assenagon Asset Management S.A. bought a new stake in i3 Verticals in the third quarter valued at approximately $6,807,000. Boston Partners acquired a new position in i3 Verticals in the 3rd quarter valued at $978,000. Raymond James Financial Services Advisors Inc. raised its stake in i3 Verticals by 4.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 90,276 shares of the company’s stock valued at $1,911,000 after purchasing an additional 3,904 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in i3 Verticals by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,992 shares of the company’s stock valued at $106,000 after acquiring an additional 1,345 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley cut their target price on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Benchmark restated a “buy” rating and set a $28.00 target price on shares of i3 Verticals in a research report on Monday, April 1st. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. BMO Capital Markets decreased their target price on i3 Verticals from $25.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, May 13th. Finally, KeyCorp upped their price target on i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.57.

i3 Verticals Trading Up 0.1 %

Shares of NASDAQ:IIIV traded up $0.01 during trading on Friday, reaching $18.94. The company’s stock had a trading volume of 109,924 shares, compared to its average volume of 221,924. The stock has a market capitalization of $633.92 million, a PE ratio of 1,895.90 and a beta of 1.56. The firm’s 50 day simple moving average is $21.96 and its two-hundred day simple moving average is $20.98. i3 Verticals, Inc. has a 12 month low of $17.54 and a 12 month high of $25.70. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99.

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.