i3 Verticals, Inc. $IIIV Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 37.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,113 shares of the company’s stock after selling 26,474 shares during the quarter. Federated Hermes Inc. owned 0.14% of i3 Verticals worth $1,432,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IIIV. Morgan Stanley decreased their price objective on 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 reiterated a “hold (c)” rating on shares of i3 Verticals in a research note on Monday, December 29th. Zacks Research upgraded shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a research report on Monday. Finally, KeyCorp decreased their price objective on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Insider Activity

In other i3 Verticals news, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $24.21, for a total transaction of $274,710.87. Following the transaction, the president owned 43,653 shares of the company’s stock, valued at $1,056,839.13. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Paul Christians sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the completion of the sale, the executive owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. This represents a 16.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,639 shares of company stock valued at $562,425 over the last three months. Company insiders own 60.09% of the company’s stock.

i3 Verticals Trading Down 3.9%

Shares of i3 Verticals stock opened at $19.92 on Friday. The company has a fifty day simple moving average of $24.75 and a 200-day simple moving average of $28.31. The stock has a market cap of $644.41 million, a price-to-earnings ratio of 29.29 and a beta of 0.99. i3 Verticals, Inc. has a 12-month low of $19.89 and a 12-month high of $33.97.

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

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.