Argent Capital Management LLC Acquires 2,114 Shares of i3 Verticals, Inc. (NASDAQ:IIIV)

Argent Capital Management LLC grew its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 15.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,180 shares of the company’s stock after buying an additional 2,114 shares during the period. Argent Capital Management LLC’s holdings in i3 Verticals were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Comerica Bank raised its holdings in shares of i3 Verticals by 46.0% during the first quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after purchasing an additional 672 shares during the last quarter. Select Equity Group L.P. boosted its position in i3 Verticals by 1.8% in the 2nd quarter. Select Equity Group L.P. now owns 65,730 shares of the company’s stock worth $1,451,000 after purchasing an additional 1,147 shares in the last quarter. Pitcairn Co. increased its holdings in i3 Verticals by 14.7% in the first quarter. Pitcairn Co. now owns 13,818 shares of the company’s stock valued at $316,000 after buying an additional 1,767 shares in the last quarter. Victory Capital Management Inc. raised its holdings in i3 Verticals by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 45,700 shares of the company’s stock worth $1,009,000 after purchasing an additional 1,950 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in i3 Verticals by 11.7% during the first quarter. BNP Paribas Financial Markets now owns 19,920 shares of the company’s stock worth $456,000 after purchasing an additional 2,085 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Up 0.6 %

Shares of IIIV stock traded up $0.14 on Thursday, hitting $22.89. The stock had a trading volume of 19,218 shares, compared to its average volume of 224,502. The company’s 50 day moving average price is $21.99 and its 200-day moving average price is $21.80. i3 Verticals, Inc. has a 1 year low of $17.54 and a 1 year high of $25.51. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market capitalization of $766.17 million, a P/E ratio of 2,275.00 and a beta of 1.54.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). i3 Verticals had a negative net margin of 0.01% and a positive return on equity of 5.99%. The business had revenue of $56.04 million during the quarter, compared to analyst estimates of $96.43 million. Analysts anticipate that i3 Verticals, Inc. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IIIV. KeyCorp reduced their price objective on shares of i3 Verticals from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. DA Davidson restated a “buy” rating and issued a $32.00 target price on shares of i3 Verticals in a research report on Monday, September 30th. BMO Capital Markets reduced their price objective on i3 Verticals from $23.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, October 3rd. Stephens reaffirmed an “overweight” rating and set a $29.00 target price on shares of i3 Verticals in a research note on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and issued a $33.00 price target on shares of i3 Verticals in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, i3 Verticals currently has an average rating of “Moderate Buy” and an average target price of $27.14.

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.