Portolan Capital Management LLC Cuts Stock Holdings in i3 Verticals, Inc. $IIIV

Portolan Capital Management LLC decreased its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 22.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 747,656 shares of the company’s stock after selling 213,959 shares during the quarter. i3 Verticals comprises approximately 1.3% of Portolan Capital Management LLC’s portfolio, making the stock its 20th largest holding. Portolan Capital Management LLC’s holdings in i3 Verticals were worth $24,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in shares of i3 Verticals during the second quarter valued at about $26,000. BNP Paribas Financial Markets boosted its holdings in i3 Verticals by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the last quarter. Tower Research Capital LLC TRC grew its position in i3 Verticals by 229.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after purchasing an additional 1,547 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in i3 Verticals in the 3rd quarter worth about $79,000. Finally, PNC Financial Services Group Inc. increased its stake in i3 Verticals by 128.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock valued at $124,000 after buying an additional 2,547 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Insider Activity

In other news, CRO Paul Christians sold 6,122 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $23.23, for a total transaction of $142,214.06. Following the completion of the transaction, the executive owned 31,250 shares in the company, valued at approximately $725,937.50. This represents a 16.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 60.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on IIIV. DA Davidson reissued a “buy” rating and set a $35.00 target price on shares of i3 Verticals in a research report on Monday, February 2nd. KeyCorp reduced their target price 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 reaffirmed a “buy” rating on shares of i3 Verticals in a research report on Monday, February 9th. Morgan Stanley dropped their price target on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Finally, Weiss Ratings cut i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.20.

i3 Verticals Stock Up 0.8%

Shares of IIIV stock opened at $23.19 on Friday. The firm has a market cap of $706.83 million, a P/E ratio of 37.40 and a beta of 0.97. The company has a 50 day moving average of $23.42 and a 200-day moving average of $26.97. i3 Verticals, Inc. has a 12-month low of $19.89 and a 12-month high of $33.97.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. i3 Verticals had a return on equity of 4.32% and a net margin of 7.33%.The business 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, equities analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

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.