Ranger Investment Management L.P. Cuts Holdings in i3 Verticals, Inc. $IIIV

Ranger Investment Management L.P. cut its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 16.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 956,195 shares of the company’s stock after selling 190,005 shares during the period. i3 Verticals accounts for approximately 2.2% of Ranger Investment Management L.P.’s portfolio, making the stock its 11th largest position. Ranger Investment Management L.P. owned 2.96% of i3 Verticals worth $31,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IIIV. Elevation Point Wealth Partners LLC bought a new stake in shares of i3 Verticals in the 2nd quarter worth $26,000. BNP Paribas Financial Markets raised its stake in shares of i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after buying an additional 870 shares during the period. Tower Research Capital LLC TRC lifted its holdings in i3 Verticals by 229.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock valued at $61,000 after purchasing an additional 1,547 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in i3 Verticals in the 2nd quarter worth $110,000. Finally, PNC Financial Services Group Inc. boosted its stake in i3 Verticals by 128.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $124,000 after purchasing an additional 2,547 shares during the period. 84.22% of the stock is owned by institutional investors.

i3 Verticals Price Performance

Shares of IIIV stock opened at $22.50 on Friday. i3 Verticals, Inc. has a 1-year low of $19.89 and a 1-year high of $33.97. The firm has a market capitalization of $727.88 million, a PE ratio of 29.45 and a beta of 0.99. The business’s fifty day moving average price is $24.75 and its 200 day moving average price is $28.31.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $52.67 million during the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. Equities research analysts expect that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Frederick Stanford sold 11,347 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.21, for a total value of $274,710.87. Following the completion of the sale, the president owned 43,653 shares in the company, valued at approximately $1,056,839.13. This trade represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paul Christians sold 9,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total transaction of $209,430.00. Following the transaction, the executive directly owned 45,818 shares in the company, valued at $1,066,184.86. The trade was a 16.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 23,639 shares of company stock valued at $562,425. 60.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.