Heartland Advisors Inc. Sells 101,392 Shares of i3 Verticals, Inc. $IIIV

Heartland Advisors Inc. decreased its stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 15.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,200 shares of the company’s stock after selling 101,392 shares during the period. i3 Verticals makes up about 0.9% of Heartland Advisors Inc.’s investment portfolio, making the stock its 24th largest holding. Heartland Advisors Inc. owned about 1.69% of i3 Verticals worth $17,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in IIIV. Elevation Point Wealth Partners LLC bought a new position in i3 Verticals during the 2nd quarter worth about $26,000. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 870 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of i3 Verticals by 229.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after buying an additional 1,547 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of i3 Verticals by 128.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $124,000 after buying an additional 2,547 shares in the last quarter. Finally, Summitry LLC acquired a new stake in i3 Verticals in the 3rd quarter valued at approximately $202,000. 84.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 target price on shares of i3 Verticals in a research report on Monday, February 2nd. Morgan Stanley cut their price target on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of i3 Verticals in a research note on Monday, December 29th. Finally, KeyCorp decreased their price objective on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.20.

Insider Activity at i3 Verticals

In other news, CRO Paul Christians sold 9,000 shares of the firm’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 transaction of $209,430.00. Following the transaction, the executive directly owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Frederick Stanford sold 11,347 shares of the business’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 sale, the president owned 43,653 shares of the company’s stock, valued at approximately $1,056,839.13. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,639 shares of company stock valued at $562,425. 60.09% of the stock is currently owned by insiders.

i3 Verticals Trading Up 5.5%

IIIV opened at $22.20 on Tuesday. The stock’s fifty day simple moving average is $24.55 and its 200 day simple moving average is $27.97. i3 Verticals, Inc. has a 1-year low of $19.89 and a 1-year high of $33.97. The stock has a market cap of $676.66 million, a PE ratio of 35.81 and a beta of 0.99.

i3 Verticals (NASDAQ:IIIV) last released 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. The firm had revenue of $52.67 million for the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals had a net margin of 7.33% and a return on equity of 4.32%. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. Equities analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share 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.