i3 Verticals (NASDAQ:IIIV) Announces Quarterly Earnings Results

i3 Verticals (NASDAQ:IIIV) released its quarterly earnings results on Thursday. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02, FiscalAI reports. The firm had revenue of $52.67 million during the quarter, compared to analyst estimates of $52.18 million. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. i3 Verticals updated its FY 2026 guidance to 1.080-1.160 EPS.

i3 Verticals Trading Down 3.9%

Shares of NASDAQ:IIIV traded down $0.80 during mid-day trading on Thursday, reaching $19.92. The stock had a trading volume of 393,505 shares, compared to its average volume of 327,451. The business’s 50 day moving average price is $24.82 and its 200 day moving average price is $28.37. i3 Verticals has a 1 year low of $19.89 and a 1 year high of $33.97. The company has a market cap of $644.41 million, a P/E ratio of 29.29 and a beta of 0.99.

Insider Buying and Selling

In related news, CRO Paul Christians sold 9,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the completion of the transaction, the executive directly owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.21, for a total transaction of $274,710.87. Following the sale, the president directly owned 43,653 shares in the company, valued at approximately $1,056,839.13. The trade was a 20.63% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,639 shares of company stock worth $562,425. Corporate insiders own 60.09% of the company’s stock.

Institutional Trading of i3 Verticals

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in i3 Verticals by 65.5% during the second 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 last quarter. Tower Research Capital LLC TRC boosted its stake in shares of i3 Verticals by 229.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after purchasing an additional 1,547 shares during the period. Advisory Services Network LLC purchased a new stake in i3 Verticals in the 3rd quarter worth about $75,000. Johnson Financial Group Inc. bought a new stake in i3 Verticals in the third quarter worth about $79,000. Finally, AQR Capital Management LLC purchased a new position in shares of i3 Verticals during the first quarter valued at approximately $209,000. 84.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. KeyCorp decreased their price objective on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of i3 Verticals in a research note on Monday, December 29th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, i3 Verticals currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

i3 Verticals Company 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.