Wellington Management Group LLP Buys New Position in i3 Verticals, Inc. $IIIV

Wellington Management Group LLP purchased a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) in the second quarter, HoldingsChannel.com reports. The firm purchased 224,612 shares of the company’s stock, valued at approximately $4,798,000.

Several other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in shares of i3 Verticals by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,619 shares of the company’s stock worth $237,000 after acquiring an additional 402 shares during the last quarter. Vident Advisory LLC raised its position in shares of i3 Verticals by 2.4% in the 4th quarter. Vident Advisory LLC now owns 25,240 shares of the company’s stock valued at $636,000 after purchasing an additional 580 shares during the last quarter. Cetera Investment Advisers boosted its stake in i3 Verticals by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 26,636 shares of the company’s stock worth $596,000 after purchasing an additional 613 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares in the last quarter. Finally, Sei Investments Co. grew its position in i3 Verticals by 5.9% during the 3rd quarter. Sei Investments Co. now owns 16,589 shares of the company’s stock worth $538,000 after purchasing an additional 923 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Trading Down 4.0%

NASDAQ IIIV opened at $15.21 on Thursday. i3 Verticals, Inc. has a 1 year low of $15.15 and a 1 year high of $33.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $400.33 million, a PE ratio of 40.03 and a beta of 0.81. The company has a fifty day moving average of $18.88 and a 200 day moving average of $20.49.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $53.07 million for the quarter, compared to the consensus estimate of $54.99 million. i3 Verticals had a return on equity of 4.49% and a net margin of 4.24%.i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. Research analysts forecast that i3 Verticals, Inc. will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

IIIV has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. KeyCorp dropped their price objective on shares of i3 Verticals from $27.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. DA Davidson cut their target price on i3 Verticals from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Benchmark lowered i3 Verticals from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.40.

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.