Royce & Associates LP Has $12.71 Million Stock Position in i3 Verticals, Inc. $IIIV

Royce & Associates LP grew its holdings in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 504,732 shares of the company’s stock after acquiring an additional 35,390 shares during the period. Royce & Associates LP owned about 1.56% of i3 Verticals worth $12,714,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IIIV. Royal Bank of Canada raised its stake in shares of i3 Verticals by 31.4% during the first quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock valued at $1,419,000 after acquiring an additional 13,729 shares during the last quarter. AQR Capital Management LLC bought a new position in i3 Verticals during the first quarter worth $209,000. JPMorgan Chase & Co. raised its stake in i3 Verticals by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock worth $340,000 after buying an additional 1,266 shares during the last quarter. Invesco Ltd. raised its stake in i3 Verticals by 4.6% during the second quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock worth $723,000 after buying an additional 1,156 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in i3 Verticals by 25.4% during the second quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock worth $1,940,000 after buying an additional 14,295 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

Insider Activity

In related news, CRO Paul Christians sold 6,122 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $23.23, for a total transaction of $142,214.06. Following the transaction, the executive directly owned 31,250 shares in the company, valued at approximately $725,937.50. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory S. Daily purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the acquisition, the chief executive officer owned 50,000 shares of the company’s stock, valued at $961,500. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 60.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IIIV has been the subject of a number of analyst reports. KeyCorp lowered their target price on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, February 9th. Weiss Ratings raised shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. DA Davidson decreased their price target on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Morgan Stanley decreased their price target on shares of 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, Cantor Fitzgerald decreased their price target on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, i3 Verticals has a consensus rating of “Moderate Buy” and a consensus price target of $29.83.

i3 Verticals Stock Down 1.0%

Shares of NASDAQ IIIV opened at $19.80 on Thursday. The stock has a market capitalization of $553.01 million, a P/E ratio of 28.29 and a beta of 0.89. The company has a 50-day moving average price of $21.43 and a 200-day moving average price of $23.33. i3 Verticals, Inc. has a 1 year low of $18.47 and a 1 year high of $33.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.34 and a quick ratio of 1.34.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $57.52 million during the quarter, compared to analysts’ expectations of $57.51 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. On average, equities research analysts forecast that i3 Verticals, Inc. will post 0.67 EPS for the current fiscal 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.