Jennison Associates LLC Purchases 154,887 Shares of i3 Verticals, Inc. $IIIV

Jennison Associates LLC increased its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 16.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,093,762 shares of the company’s stock after buying an additional 154,887 shares during the period. Jennison Associates LLC’s holdings in i3 Verticals were worth $27,552,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. raised its stake in i3 Verticals by 40.5% during the fourth quarter. D.A. Davidson & CO. now owns 11,800 shares of the company’s stock worth $297,000 after buying an additional 3,400 shares during the last quarter. UBS Group AG raised its stake in i3 Verticals by 91.3% during the fourth quarter. UBS Group AG now owns 369,135 shares of the company’s stock worth $9,299,000 after buying an additional 176,181 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in i3 Verticals during the fourth quarter worth $296,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in i3 Verticals by 20.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,302 shares of the company’s stock worth $310,000 after buying an additional 2,076 shares during the last quarter. Finally, CWM LLC raised its stake in i3 Verticals by 221.7% during the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after buying an additional 960 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

Analyst Ratings Changes

IIIV has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $35.00 target price on shares of i3 Verticals in a research note on Monday, February 2nd. Weiss Ratings downgraded shares of i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Morgan Stanley lowered their target price 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. Benchmark reissued a “buy” rating on shares of i3 Verticals in a research note on Monday, February 9th. Finally, KeyCorp reduced their price target on shares of 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, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, i3 Verticals currently has a consensus rating of “Hold” and an average price target of $33.20.

Insider Buying and Selling

In other i3 Verticals news, CRO Paul Christians sold 6,122 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $23.23, for a total value of $142,214.06. Following the completion of the sale, the executive directly owned 31,250 shares in the company, valued at approximately $725,937.50. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 60.09% of the company’s stock.

i3 Verticals Trading Up 3.6%

NASDAQ:IIIV opened at $23.36 on Friday. The stock has a market capitalization of $712.01 million, a price-to-earnings ratio of 37.68 and a beta of 0.89. The firm has a fifty day simple moving average of $22.35 and a two-hundred day simple moving average of $24.78. i3 Verticals, Inc. has a 12 month low of $19.89 and a 12 month high of $33.97.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $52.67 million during the quarter, compared to analysts’ expectations 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 predict that i3 Verticals, Inc. will post 0.67 earnings per share for the current fiscal year.

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.