Confluence Investment Management LLC Reduces Holdings in i3 Verticals, Inc. $IIIV

Confluence Investment Management LLC cut its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 61.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,583 shares of the company’s stock after selling 154,104 shares during the quarter. Confluence Investment Management LLC owned 0.31% of i3 Verticals worth $3,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Geneva Capital Management LLC lifted its holdings in i3 Verticals by 5.7% in the 2nd quarter. Geneva Capital Management LLC now owns 1,887,701 shares of the company’s stock worth $51,874,000 after buying an additional 101,331 shares in the last quarter. Ranger Investment Management L.P. increased its position in shares of i3 Verticals by 0.3% during the second quarter. Ranger Investment Management L.P. now owns 1,146,200 shares of the company’s stock worth $31,498,000 after acquiring an additional 3,505 shares during the last quarter. Long Path Partners LP lifted its stake in shares of i3 Verticals by 4.2% in the second quarter. Long Path Partners LP now owns 1,039,847 shares of the company’s stock worth $28,575,000 after acquiring an additional 41,851 shares in the last quarter. Geode Capital Management LLC boosted its holdings in i3 Verticals by 0.4% in the second quarter. Geode Capital Management LLC now owns 648,201 shares of the company’s stock valued at $17,815,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in i3 Verticals by 3.9% during the 2nd quarter. Raymond James Financial Inc. now owns 580,373 shares of the company’s stock valued at $15,949,000 after purchasing an additional 21,568 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. DA Davidson set a $35.00 price objective on i3 Verticals in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of i3 Verticals in a report on Monday. KeyCorp lowered their price target on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Finally, Morgan Stanley reduced their price objective on 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. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

i3 Verticals Price Performance

Shares of NASDAQ IIIV opened at $26.30 on Wednesday. The firm has a market capitalization of $850.81 million, a PE ratio of 38.68 and a beta of 1.06. i3 Verticals, Inc. has a 1-year low of $22.00 and a 1-year high of $33.97. The business’s fifty day moving average price is $27.52 and its two-hundred day moving average price is $28.78.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Monday, November 17th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $109.80 million during the quarter, compared to analyst estimates 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. Equities research analysts expect that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Activity at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total transaction of $209,430.00. Following the completion of the transaction, the executive directly owned 45,818 shares in the company, valued at approximately $1,066,184.86. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the sale, the president directly owned 43,653 shares in the company, valued at $1,056,839.13. The trade was a 20.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 23,639 shares of company stock valued at $562,425. Insiders own 59.07% of the company’s stock.

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.