Royce & Associates LP Buys 35,390 Shares of i3 Verticals, Inc. $IIIV

Royce & Associates LP boosted its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 504,732 shares of the company’s stock after purchasing an additional 35,390 shares during the period. Royce & Associates LP’s holdings in i3 Verticals were worth $12,714,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in i3 Verticals by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,619 shares of the company’s stock worth $237,000 after acquiring an additional 402 shares during the period. TD Asset Management Inc raised its position in shares of i3 Verticals by 1.2% in the third quarter. TD Asset Management Inc now owns 66,330 shares of the company’s stock valued at $2,153,000 after purchasing an additional 802 shares during the period. BNP Paribas Financial Markets increased its holdings in i3 Verticals by 65.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after acquiring an additional 870 shares during the period. Sei Investments Co. grew its stake in i3 Verticals by 5.9% in the 3rd quarter. Sei Investments Co. now owns 16,589 shares of the company’s stock worth $538,000 after buying an additional 923 shares in the last quarter. Finally, CWM LLC grew its stake in i3 Verticals by 221.7% in the 4th quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after buying an additional 960 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.

Insider Activity

In other news, CEO Gregory S. Daily acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $19.23 per share, with a total value of $961,500.00. Following the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at $961,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Paul Christians sold 6,122 shares of the stock in a transaction dated Friday, March 6th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 60.09% of the company’s stock.

Analyst Ratings Changes

IIIV has been the subject of a number of research reports. KeyCorp cut their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. 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. Morgan Stanley dropped their price target on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 9th. DA Davidson dropped their price target on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Cantor Fitzgerald dropped their price target on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

i3 Verticals Stock Down 1.0%

Shares of i3 Verticals stock opened at $19.80 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50-day moving average of $21.43 and a 200 day moving average of $23.33. The firm has a market cap of $553.01 million, a price-to-earnings ratio of 28.29 and a beta of 0.89. i3 Verticals, Inc. has a 1 year low of $18.47 and a 1 year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The company had revenue of $57.52 million during the quarter, compared to analyst estimates of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, sell-side analysts anticipate that i3 Verticals, Inc. will post 0.67 earnings per share for the current fiscal year.

About i3 Verticals

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.