Envestnet Asset Management Inc. Has $4.83 Million Stock Holdings in i3 Verticals, Inc. $IIIV

Envestnet Asset Management Inc. grew its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 56.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,922 shares of the company’s stock after purchasing an additional 53,611 shares during the quarter. Envestnet Asset Management Inc. owned about 0.46% of i3 Verticals worth $4,834,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position in i3 Verticals by 31.4% during the first quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock worth $1,419,000 after acquiring an additional 13,729 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of i3 Verticals during the 1st quarter worth about $209,000. Jennison Associates LLC bought a new stake in shares of i3 Verticals in the 2nd quarter valued at about $4,404,000. Geneva Capital Management LLC lifted its stake 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 purchasing an additional 101,331 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in i3 Verticals by 0.3% during the second quarter. Bank of Montreal Can now owns 402,053 shares of the company’s stock worth $11,048,000 after purchasing an additional 1,008 shares during the period. Institutional investors and hedge funds own 84.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IIIV shares. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a research report on Monday, February 2nd. KeyCorp cut their price target on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Benchmark reiterated a “buy” rating on shares of i3 Verticals in a report on Monday, February 9th. Zacks Research upgraded shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley reduced their target price on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.20.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV opened at $22.04 on Monday. i3 Verticals, Inc. has a 1 year low of $19.89 and a 1 year high of $33.97. The stock has a market capitalization of $671.78 million, a price-to-earnings ratio of 35.55 and a beta of 0.99. The company’s 50 day simple moving average is $24.31 and its 200 day simple moving average is $27.79.

i3 Verticals (NASDAQ:IIIV) last issued its 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 return on equity of 4.32% and a net margin of 7.33%.The firm had revenue of $52.67 million for the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. As a group, analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the firm’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 sale, the executive directly owned 45,818 shares in the company, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 60.09% 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.