Heartland Advisors Inc. Sells 101,392 Shares of i3 Verticals, Inc. $IIIV

Heartland Advisors Inc. decreased its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 15.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 545,200 shares of the company’s stock after selling 101,392 shares during the period. i3 Verticals makes up about 0.9% of Heartland Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Heartland Advisors Inc.’s holdings in i3 Verticals were worth $17,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in shares of i3 Verticals by 274.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock valued at $15,048,000 after purchasing an additional 401,493 shares during the last quarter. 12th Street Asset Management Company LLC lifted its position in shares of i3 Verticals by 159.9% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock worth $19,799,000 after buying an additional 375,240 shares during the last quarter. Wasatch Advisors LP acquired a new stake in i3 Verticals in the second quarter valued at about $8,271,000. Loomis Sayles & Co. L P bought a new position in i3 Verticals in the second quarter valued at about $6,210,000. Finally, Jennison Associates LLC acquired a new position in i3 Verticals during the second quarter worth about $4,404,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Price Performance

Shares of IIIV opened at $22.20 on Tuesday. The business has a 50-day moving average of $24.55 and a 200-day moving average of $27.97. The company has a market capitalization of $676.66 million, a price-to-earnings ratio of 35.81 and a beta of 0.99. i3 Verticals, Inc. has a 1 year low of $19.89 and a 1 year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. i3 Verticals had a net margin of 7.33% and a return on equity of 4.32%. The firm had revenue of $52.67 million for the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. As a group, sell-side analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Insider Buying and Selling

In other news, President Frederick Stanford sold 11,347 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the president owned 43,653 shares of the company’s stock, valued at $1,056,839.13. This trade represents a 20.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Paul Christians sold 9,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total transaction of $209,430.00. Following the transaction, the executive 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. Insiders have sold a total of 23,639 shares of company stock worth $562,425 over the last 90 days. Company insiders own 60.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IIIV shares. Morgan Stanley lowered their price objective 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. Benchmark reiterated a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. KeyCorp reduced their price objective on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 29th. Finally, DA Davidson reissued a “buy” rating and set a $35.00 price target on shares of i3 Verticals in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

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.