Oppenheimer Asset Management Inc. Invests $3.30 Million in i3 Verticals, Inc. $IIIV

Oppenheimer Asset Management Inc. bought a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 101,747 shares of the company’s stock, valued at approximately $3,303,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in i3 Verticals by 31.4% during 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 bought a new position in shares of i3 Verticals during the 1st quarter worth approximately $209,000. Janney Montgomery Scott LLC acquired a new stake in i3 Verticals in the 2nd quarter valued at $401,000. Sequoia Financial Advisors LLC bought a new stake in i3 Verticals in the second quarter valued at $281,000. Finally, TD Asset Management Inc acquired a new position in i3 Verticals during the second quarter worth $1,801,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley dropped 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 research report on Monday. KeyCorp reduced their price target on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday. Benchmark reaffirmed a “buy” rating on shares of i3 Verticals in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, i3 Verticals presently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

i3 Verticals Stock Down 5.2%

Shares of NASDAQ:IIIV opened at $21.88 on Thursday. The firm has a market cap of $707.91 million, a P/E ratio of 35.29 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. The company’s 50-day moving average price is $24.63 and its two-hundred day moving average price is $28.12.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, equities analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total transaction of $209,430.00. Following the completion of the sale, the executive owned 45,818 shares in the company, valued at $1,066,184.86. The trade was a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the transaction, the president directly owned 43,653 shares in the company, valued at $1,056,839.13. This trade represents a 20.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 23,639 shares of company stock worth $562,425. Company 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.