AltraVue Capital LLC Has $37.92 Million Position in i3 Verticals, Inc. $IIIV

AltraVue Capital LLC boosted its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,168,056 shares of the company’s stock after acquiring an additional 23,680 shares during the quarter. i3 Verticals makes up approximately 3.1% of AltraVue Capital LLC’s portfolio, making the stock its 12th largest holding. AltraVue Capital LLC owned 3.62% of i3 Verticals worth $37,915,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ranger Investment Management L.P. increased its stake in shares of i3 Verticals by 0.3% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,146,200 shares of the company’s stock worth $31,498,000 after purchasing an additional 3,505 shares during 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 worth $28,575,000 after purchasing an additional 41,851 shares in the last quarter. Thrivent Financial for Lutherans increased its position in i3 Verticals by 19.6% during the third quarter. Thrivent Financial for Lutherans now owns 655,085 shares of the company’s stock worth $21,264,000 after buying an additional 107,487 shares during the last quarter. Geode Capital Management LLC raised its holdings in i3 Verticals by 0.4% during the second quarter. Geode Capital Management LLC now owns 648,201 shares of the company’s stock valued at $17,815,000 after buying an additional 2,330 shares in the last quarter. Finally, 12th Street Asset Management Company LLC raised its holdings in i3 Verticals by 159.9% during the third quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock valued at $19,799,000 after buying an additional 375,240 shares in the last quarter. 84.22% of the stock is owned by institutional investors.

i3 Verticals Trading Up 4.0%

Shares of IIIV stock opened at $23.35 on Wednesday. The firm has a market capitalization of $711.71 million, a P/E ratio of 37.66 and a beta of 0.97. i3 Verticals, Inc. has a 1 year low of $19.89 and a 1 year high of $33.97. The firm’s fifty day simple moving average is $23.81 and its 200 day simple moving average is $27.35.

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

Analyst Ratings Changes

Several analysts have recently issued reports on IIIV shares. Benchmark reiterated a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. Morgan Stanley decreased their target price on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 9th. Weiss Ratings downgraded i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a research note on Monday, February 2nd. Finally, KeyCorp decreased their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.20.

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.