Royce & Associates LP Buys 45,940 Shares of i3 Verticals, Inc. $IIIV

Royce & Associates LP grew its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 469,342 shares of the company’s stock after acquiring an additional 45,940 shares during the quarter. Royce & Associates LP’s holdings in i3 Verticals were worth $15,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of i3 Verticals in 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. 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. Finally, Summitry LLC purchased a new stake in i3 Verticals in the 3rd quarter valued at about $202,000. Institutional investors own 84.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, CRO Paul Christians sold 9,000 shares of i3 Verticals stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the completion of the transaction, the executive owned 45,818 shares in the company, valued at $1,066,184.86. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 60.09% of the stock is owned by corporate insiders.

i3 Verticals Price Performance

Shares of IIIV opened at $22.45 on Tuesday. i3 Verticals, Inc. has a 1 year low of $19.89 and a 1 year high of $33.97. The stock’s fifty day moving average price is $23.87 and its two-hundred day moving average price is $27.40. The firm has a market cap of $684.28 million, a PE ratio of 36.21 and a beta of 0.97.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.26 earnings per share for the quarter, topping 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 company had revenue of $52.67 million during 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. Sell-side analysts anticipate that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

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.