Wasatch Advisors LP Boosts Stake in i3 Verticals, Inc. $IIIV

Wasatch Advisors LP boosted its holdings in i3 Verticals, Inc. (NASDAQ:IIIV – Free Report) by 44.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,804 shares of the company’s stock after acquiring an additional 108,917 shares during the quarter. Wasatch Advisors LP’s holdings in i3 Verticals were worth $7,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IIIV. Royal Bank of Canada boosted its position in shares of i3 Verticals by 31.4% during the 1st quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock valued at $1,419,000 after acquiring an additional 13,729 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of i3 Verticals in the first quarter worth approximately $209,000. JPMorgan Chase & Co. raised its stake in i3 Verticals by 11.4% in the second quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock valued at $340,000 after purchasing an additional 1,266 shares in the last quarter. Invesco Ltd. raised its stake in i3 Verticals by 4.6% in the second quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock valued at $723,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of i3 Verticals by 25.4% during the 2nd quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock worth $1,940,000 after acquiring an additional 14,295 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

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Insider Transactions at i3 Verticals

In related news, CEO Gregory S. Daily acquired 50,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 60.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IIIV shares. Weiss Ratings raised shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. DA Davidson lowered their price target on i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Cantor Fitzgerald lowered their price target on i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Benchmark dropped their price objective on i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.83.

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i3 Verticals Stock Up 6.0%

Shares of NASDAQ IIIV opened at $21.30 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. i3 Verticals, Inc. has a 12 month low of $18.47 and a 12 month high of $33.97. The firm has a market capitalization of $594.96 million, a PE ratio of 30.43 and a beta of 0.84. The firm has a fifty day simple moving average of $20.49 and a two-hundred day simple moving average of $22.50.

i3 Verticals (NASDAQ:IIIV – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $57.52 million during the quarter, compared to analysts’ expectations 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.

i3 Verticals Profile

(Free Report)

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.

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