i3 Verticals, Inc. $IIIV Shares Bought by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC grew its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 159.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 609,942 shares of the company’s stock after acquiring an additional 375,240 shares during the period. i3 Verticals comprises approximately 3.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 12th biggest position. 12th Street Asset Management Company LLC owned approximately 1.89% of i3 Verticals worth $19,799,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IIIV. Elevation Point Wealth Partners LLC acquired a new stake in i3 Verticals in the second quarter valued at approximately $26,000. BNP Paribas Financial Markets grew its stake in i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock valued at $60,000 after acquiring an additional 870 shares during the period. Tower Research Capital LLC TRC increased its holdings in i3 Verticals by 229.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after acquiring an additional 1,547 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in i3 Verticals during the second quarter worth $110,000. Finally, PNC Financial Services Group Inc. raised its position in i3 Verticals by 128.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $124,000 after acquiring an additional 2,547 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Stock Down 3.8%

Shares of i3 Verticals stock opened at $21.04 on Friday. The firm has a market cap of $680.64 million, a PE ratio of 33.94 and a beta of 0.99. i3 Verticals, Inc. has a 52 week low of $19.89 and a 52 week high of $33.97. The business’s fifty day simple moving average is $24.59 and its 200-day simple moving average is $28.07.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on IIIV shares. Benchmark restated a “buy” rating on shares of i3 Verticals in a research report on Monday. Morgan Stanley decreased their target price on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price target on shares of i3 Verticals in a research note on Monday, February 2nd. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, KeyCorp dropped their target price on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.20.

Insider Buying and Selling at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total transaction of $209,430.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the president directly owned 43,653 shares of the company’s stock, valued at approximately $1,056,839.13. The trade was a 20.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,639 shares of company stock valued at $562,425. Company insiders own 60.09% of the company’s stock.

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.