Wasatch Advisors LP Boosts Stock Position in i3 Verticals, Inc. $IIIV

Wasatch Advisors LP raised its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 44.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,804 shares of the company’s stock after purchasing an additional 108,917 shares during the quarter. Wasatch Advisors LP owned 1.15% of i3 Verticals worth $7,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in IIIV. Royal Bank of Canada boosted its holdings in shares of i3 Verticals by 31.4% in the 1st quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock worth $1,419,000 after buying an additional 13,729 shares during the last quarter. AQR Capital Management LLC bought a new stake in i3 Verticals in the first quarter worth about $209,000. JPMorgan Chase & Co. raised its position in i3 Verticals by 11.4% in the second quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock worth $340,000 after acquiring an additional 1,266 shares during the period. Invesco Ltd. boosted its stake in i3 Verticals by 4.6% in the second quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock valued at $723,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of i3 Verticals by 25.4% during the 2nd quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock valued at $1,940,000 after acquiring an additional 14,295 shares during the period. 84.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IIIV has been the topic of several research analyst reports. Cantor Fitzgerald dropped their price objective on i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Benchmark decreased their price objective on i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, DA Davidson cut their target price 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. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.83.

i3 Verticals Price Performance

i3 Verticals stock opened at $21.30 on Friday. The firm has a market capitalization of $594.96 million, a P/E ratio of 30.43 and a beta of 0.84. i3 Verticals, Inc. has a one year low of $18.47 and a one year high of $33.97. 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 business has a fifty day moving average price of $20.49 and a 200-day moving average price of $22.50.

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

Insider Buying and Selling at i3 Verticals

In other news, CEO Gregory S. Daily purchased 50,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $19.23 per share, with a total value of $961,500.00. Following the completion of the acquisition, the chief executive officer owned 50,000 shares in the company, valued at $961,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 60.09% of the stock is currently owned by corporate insiders.

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.