i3 Verticals (NASDAQ:IIIV) CEO Gregory Daily Buys 50,000 Shares

i3 Verticals, Inc. (NASDAQ:IIIV) CEO Gregory Daily purchased 50,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $19.23 per share, with a total value of $961,500.00. Following the completion of the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $961,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

i3 Verticals Stock Down 1.1%

Shares of IIIV stock traded down $0.20 during trading on Thursday, reaching $18.69. The company’s stock had a trading volume of 460,828 shares, compared to its average volume of 362,753. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.61. The company has a market capitalization of $569.60 million, a price-to-earnings ratio of 26.70 and a beta of 0.89. The stock’s 50-day moving average price is $22.18 and its 200 day moving average price is $24.15. i3 Verticals, Inc. has a 1-year low of $18.47 and a 1-year high of $33.97.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $57.52 million during the quarter, compared to analysts’ expectations of $57.51 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. On average, research analysts anticipate that i3 Verticals, Inc. will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in i3 Verticals during the 1st quarter worth approximately $70,000. Cetera Investment Advisers grew its holdings in i3 Verticals by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 26,636 shares of the company’s stock worth $596,000 after acquiring an additional 613 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in i3 Verticals by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 616,851 shares of the company’s stock worth $13,794,000 after acquiring an additional 68,573 shares in the last quarter. Heartland Advisors Inc. grew its holdings in i3 Verticals by 11.1% during the 1st quarter. Heartland Advisors Inc. now owns 606,950 shares of the company’s stock worth $13,571,000 after acquiring an additional 60,400 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in i3 Verticals during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. KeyCorp dropped 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. Weiss Ratings upgraded shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Benchmark dropped their price objective on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Cantor Fitzgerald dropped their price objective on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Monday. Finally, DA Davidson lowered their price target on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, i3 Verticals has a consensus rating of “Moderate Buy” and a consensus price target of $29.83.

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.