ArrowMark Colorado Holdings LLC Has $8.27 Million Stock Position in i3 Verticals, Inc. $IIIV

ArrowMark Colorado Holdings LLC boosted its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 59.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 254,725 shares of the company’s stock after acquiring an additional 94,924 shares during the period. ArrowMark Colorado Holdings LLC owned 0.79% of i3 Verticals worth $8,268,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of i3 Verticals by 31.4% in the first quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock valued at $1,419,000 after purchasing an additional 13,729 shares in the last quarter. AQR Capital Management LLC purchased a new position in i3 Verticals in the first quarter valued at approximately $209,000. Envestnet Asset Management Inc. grew its holdings in i3 Verticals by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 95,311 shares of the company’s stock valued at $2,619,000 after purchasing an additional 1,881 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of i3 Verticals by 128.9% during the 2nd 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. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 2,330 shares during the last quarter. 84.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $35.00 price target on shares of i3 Verticals in a report on Monday, February 2nd. Morgan Stanley dropped their price target 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 cut shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. KeyCorp dropped their price target on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. Finally, Benchmark reaffirmed a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.20.

i3 Verticals Stock Up 0.8%

i3 Verticals stock opened at $23.19 on Monday. i3 Verticals, Inc. has a twelve month low of $19.89 and a twelve month high of $33.97. The company has a market capitalization of $706.83 million, a P/E ratio of 37.40 and a beta of 0.97. The stock’s 50 day moving average is $23.42 and its 200 day moving average is $26.92.

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. The firm had revenue of $52.67 million during the quarter, compared to analyst estimates of $52.18 million. i3 Verticals had a return on equity of 4.32% and a net margin of 7.33%.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 EPS for the current year.

Insider Buying and Selling

In other i3 Verticals news, CRO Paul Christians sold 6,122 shares of i3 Verticals stock in a transaction on Friday, March 6th. The stock was sold at an average price of $23.23, for a total value of $142,214.06. Following the completion of the sale, the executive owned 31,250 shares of the company’s stock, valued at approximately $725,937.50. This trade represents a 16.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 60.09% of the company’s stock.

i3 Verticals 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.