Frederick Stanford Sells 11,347 Shares of i3 Verticals (NASDAQ:IIIV) Stock

i3 Verticals, Inc. (NASDAQ:IIIV) President Frederick Stanford sold 11,347 shares of the firm’s 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

i3 Verticals Price Performance

Shares of IIIV stock opened at $23.57 on Thursday. The stock has a market cap of $760.37 million, a PE ratio of 34.66 and a beta of 1.23. The stock has a 50-day moving average of $30.32 and a 200-day moving average of $28.84. i3 Verticals, Inc. has a one year low of $22.00 and a one year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $54.90 million during the quarter, compared to analysts’ expectations of $53.68 million. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, research analysts anticipate that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On i3 Verticals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in shares of i3 Verticals during the 3rd quarter worth about $75,000. Verition Fund Management LLC raised its holdings in i3 Verticals by 129.3% during the third quarter. Verition Fund Management LLC now owns 26,731 shares of the company’s stock worth $868,000 after acquiring an additional 15,074 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in i3 Verticals by 1.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 777,477 shares of the company’s stock valued at $25,237,000 after purchasing an additional 10,834 shares during the last quarter. Mariner LLC bought a new position in i3 Verticals in the third quarter valued at approximately $1,812,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of i3 Verticals during the 3rd quarter worth approximately $298,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IIIV shares. DA Davidson set a $35.00 target price on i3 Verticals in a report on Thursday, November 20th. Morgan Stanley cut their price objective on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. Benchmark reissued a “buy” rating and set a $39.00 target price (up from $33.00) on shares of i3 Verticals in a research note on Monday, August 11th. Zacks Research upgraded shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Weiss Ratings cut shares of i3 Verticals from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.