--- title: "i3 Verticals, Inc. (NASDAQ:IIIV) is Covenant Partners LLC's 10th Largest Position" description: "Covenant Partners LLC decreased its holdings in i3 Verticals, Inc. by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. i3 Verticals comprises approximately 1.7% of " type: "news" locale: "en" url: "https://longbridge.com/en/news/206381577.md" published_at: "2024-06-15T00:32:43.000Z" --- # i3 Verticals, Inc. (NASDAQ:IIIV) is Covenant Partners LLC's 10th Largest Position > Covenant Partners LLC decreased its holdings in i3 Verticals, Inc. by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. i3 Verticals comprises approximately 1.7% of Covenant Partners LLC's portfolio, making it the 10th largest holding. Other large investors have also bought and sold shares of the company. The stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.57. i3 Verticals last posted its quarterly earnings data on May 10th, reporting $0.16 EPS for the quarter. Covenant Partners LLC decreased its holdings in i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,984 shares of the company's stock after selling 82,904 shares during the quarter. i3 Verticals comprises approximately 1.7% of Covenant Partners LLC's portfolio, making the stock its 10th biggest holding. Covenant Partners LLC owned about 0.78% of i3 Verticals worth $5,525,000 as of its most recent SEC filing. - Why i3 Verticals Stock Will Keep Going Up Several other large investors have also recently bought and sold shares of the business. Ranger Investment Management L.P. lifted its position in i3 Verticals by 2.6% during the fourth quarter. Ranger Investment Management L.P. now owns 1,047,985 shares of the company's stock worth $22,186,000 after buying an additional 26,670 shares during the period. ABS Direct Equity Fund LLC purchased a new position in shares of i3 Verticals in the 4th quarter worth about $741,000. CIBC Private Wealth Group LLC raised its holdings in shares of 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 buying an additional 146,222 shares during the period. Cape Investment Advisory Inc. acquired a new stake in i3 Verticals during the 4th quarter valued at approximately $30,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in 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 purchasing 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 IIIV has been the subject of several research reports. 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. KeyCorp boosted their price objective on i3 Verticals from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Monday, April 22nd. TheStreet upgraded i3 Verticals from a "d+" rating to a "c-" rating in a research report on Monday, March 18th. Finally, Benchmark restated a "buy" rating and set a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.57. **Read Our Latest Research Report on IIIV** ## i3 Verticals Price Performance Shares of IIIV traded up $0.03 during midday trading on Friday, reaching $20.00. The stock had a trading volume of 181,553 shares, compared to its average volume of 229,916. i3 Verticals, Inc. has a 52 week low of $17.54 and a 52 week high of $25.70. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50 day moving average price is $21.11 and its 200-day moving average price is $20.91. The company has a market capitalization of $669.40 million, a P/E ratio of 1,997.00 and a beta of 1.59. i3 Verticals (NASDAQ:IIIV - Get Free Report) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.03). The firm had revenue of $94.54 million during the quarter, compared to the consensus estimate of $96.27 million. i3 Verticals had a return on equity of 8.91% and a net margin of 0.63%. On average, analysts forecast that i3 Verticals, Inc. will post 0.91 earnings per share for the current fiscal year. ## About i3 Verticals (Free Report) 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. ## Featured Stories - Five stocks we like better than i3 Verticals - What Are Growth Stocks and Investing in Them - Top 5 High-Performance Cryptocurrency ETFs to Watch - Profitably Trade Stocks at 52-Week Highs - 3 Stocks That Plummeted After the Post-Fed Speech Crash - What is Forex and How Does it Work? - Adobe Stock: It’s Not Too Late To Buy The Dip **Want to see what other hedge funds are holding IIIV?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for i3 Verticals, Inc. (NASDAQ:IIIV - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Collect 10%+ Dividends from AI's Explosive Growth? (From The Oxford Club) (Ad)## Should you invest $1,000 in i3 Verticals right now? Before you consider i3 Verticals, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and i3 Verticals wasn't on the list. While i3 Verticals currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [IIIV.US - i3 Verticals](https://longbridge.com/en/quote/IIIV.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | i3 Verticals｜10-Q：2026 财年 Q1 营收 52.67 百万美元超过预期 | | [Link](https://longbridge.com/en/news/275173326.md) | | 沃尔玛四季度财报超预期但盈利指引不及预期，CEO 称 “美国低收入家庭只能勉强维持生计” | 沃尔玛 Q4 营收超预期，新财年盈利指引（每股 2.75-2.85 美元）远低于市场预期的 2.96 美元，显示通胀压力下消费者支出不确定性犹存，拖累股价下跌 1.38%。财报印证 K 型” 分化：高收入家庭驱动增长，低收入群体 “钱包吃紧 | [Link](https://longbridge.com/en/news/276398633.md) | | 谷歌突然发布 Gemini 3.1 Pro：核心推理性能直接翻倍 | 谷歌发布了最新的大模型 Gemini 3.1 Pro，其推理性能较去年发布的 Gemini 3 Pro 翻倍。在 ARC-AGI-2 评测中，Gemini 3.1 Pro 得分 77.1%，显示出强大的推理能力。新模型支持多源数据综合和复杂 | [Link](https://longbridge.com/en/news/276396515.md) | | GRAIL｜8-K：2025 财年 Q4 营收 43.6 百万美元超过预期 | | [Link](https://longbridge.com/en/news/276379877.md) | | 学习英伟达刺激芯片销售，AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”！为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保，承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量，但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.