i3 Verticals (NASDAQ:IIIV) Releases Earnings Results, Beats Expectations By $0.02 EPS

i3 Verticals (NASDAQ:IIIV) announced its quarterly earnings results on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02, FiscalAI reports. The company had revenue of $52.67 million for the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%. i3 Verticals updated its FY 2026 guidance to 1.080-1.160 EPS.

i3 Verticals Trading Down 3.9%

NASDAQ:IIIV traded down $0.80 during trading hours on Thursday, reaching $19.92. 393,505 shares of the company traded hands, compared to its average volume of 327,451. The business’s 50-day moving average price is $24.82 and its two-hundred day moving average price is $28.37. i3 Verticals has a 1 year low of $19.89 and a 1 year high of $33.97. The stock has a market capitalization of $644.41 million, a P/E ratio of 29.29 and a beta of 0.99.

Insider Buying and Selling at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the transaction, the executive owned 45,818 shares in the company, valued at approximately $1,066,184.86. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,639 shares of company stock valued at $562,425 over the last 90 days. Corporate insiders own 60.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in i3 Verticals by 31.4% in the 1st quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock worth $1,419,000 after buying an additional 13,729 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of i3 Verticals in the first quarter worth approximately $209,000. JPMorgan Chase & Co. grew its position in i3 Verticals by 11.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock worth $340,000 after purchasing an additional 1,266 shares during the period. Invesco Ltd. raised its stake in i3 Verticals by 4.6% during the 2nd quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock valued at $723,000 after buying an additional 1,156 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of i3 Verticals by 25.4% during the 2nd quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock valued at $1,940,000 after buying an additional 14,295 shares during the period. 84.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 29th. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a report on Monday. Morgan Stanley cut their target price on shares of i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. KeyCorp decreased their price target on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Finally, Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, i3 Verticals currently has an average rating of “Moderate Buy” and an average price target of $33.33.

About i3 Verticals

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.