William Blair Investment Management LLC bought a new position in i3 Verticals, Inc. (NASDAQ:IIIV – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 386,385 shares of the company’s stock, valued at approximately $9,733,000.
Several other institutional investors also recently added to or reduced their stakes in IIIV. The Manufacturers Life Insurance Company raised its stake in shares of i3 Verticals by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,619 shares of the company’s stock valued at $237,000 after acquiring an additional 402 shares in the last quarter. TD Asset Management Inc lifted its position in shares of i3 Verticals by 1.2% in the 3rd quarter. TD Asset Management Inc now owns 66,330 shares of the company’s stock worth $2,153,000 after purchasing an additional 802 shares during the period. BNP Paribas Financial Markets lifted its position in shares of i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the period. Sei Investments Co. boosted its stake in shares of i3 Verticals by 5.9% during the third quarter. Sei Investments Co. now owns 16,589 shares of the company’s stock valued at $538,000 after purchasing an additional 923 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of i3 Verticals by 221.7% during the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $35,000 after purchasing an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.
Insider Buying and Selling
In other news, CRO Paul Christians sold 6,122 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $23.23, for a total transaction of $142,214.06. Following the sale, the executive directly owned 31,250 shares in the company, valued at $725,937.50. This trade represents a 16.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory S. Daily acquired 50,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $19.23 per share, with a total value of $961,500.00. Following the completion of the transaction, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at approximately $961,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 60.09% of the stock is owned by company insiders.
i3 Verticals Stock Down 0.1%
i3 Verticals (NASDAQ:IIIV – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $57.52 million for the quarter, compared to analyst estimates of $57.51 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. Equities analysts expect that i3 Verticals, Inc. will post 0.67 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on IIIV shares. Cantor Fitzgerald reduced their price objective on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Morgan Stanley cut their price target on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. DA Davidson decreased their price objective on i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings raised i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, Benchmark cut their price objective on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, i3 Verticals has a consensus rating of “Moderate Buy” and a consensus target price of $29.83.
Get Our Latest Stock Analysis on IIIV
i3 Verticals Profile
i3 Verticals, Inc is a provider of integrated software and merchant payment processing solutions tailored for specific vertical markets across the United States. Since its founding in 2001 and headquartered in Columbia, South Carolina, the company has focused on delivering SaaS-based applications and payment services to streamline revenue collection and management workflows for its clients.
The company’s product portfolio includes electronic payment processing for credit and debit card transactions, automated clearing house (ACH) transfers, online and mobile payment portals, and related risk management and compliance tools.
Featured Articles
- Five stocks we like better than i3 Verticals
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
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).
Receive News & Ratings for i3 Verticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for i3 Verticals and related companies with MarketBeat.com's FREE daily email newsletter.
