i3 Verticals (NASDAQ:IIIV) CEO Gregory Daily Purchases 50,000 Shares

i3 Verticals, Inc. (NASDAQ:IIIV) CEO Gregory Daily bought 50,000 shares of i3 Verticals stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the acquisition, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at approximately $961,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

i3 Verticals Trading Down 1.1%

IIIV opened at $18.69 on Friday. The firm has a market cap of $569.67 million, a P/E ratio of 26.70 and a beta of 0.89. i3 Verticals, Inc. has a 12 month low of $18.47 and a 12 month high of $33.97. The company has a current ratio of 1.34, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $22.09 and a 200 day moving average of $24.05.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $57.52 million during the quarter, compared to analyst estimates of $57.51 million. i3 Verticals had a return on equity of 4.19% and a net margin of 8.59%.i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, research analysts forecast that i3 Verticals, Inc. will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. AltraVue Capital LLC boosted its position in shares of i3 Verticals by 2.1% during the third quarter. AltraVue Capital LLC now owns 1,168,056 shares of the company’s stock valued at $37,915,000 after buying an additional 23,680 shares during the period. Jennison Associates LLC boosted its position in shares of i3 Verticals by 16.5% during the fourth quarter. Jennison Associates LLC now owns 1,093,762 shares of the company’s stock valued at $27,552,000 after buying an additional 154,887 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of i3 Verticals by 1.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 777,477 shares of the company’s stock valued at $25,237,000 after buying an additional 10,834 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of i3 Verticals by 11.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 728,505 shares of the company’s stock valued at $18,351,000 after buying an additional 73,420 shares during the period. Finally, State Street Corp boosted its position in shares of i3 Verticals by 4.3% during the fourth quarter. State Street Corp now owns 707,344 shares of the company’s stock valued at $17,818,000 after buying an additional 29,482 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IIIV. Morgan Stanley dropped their price target on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday, February 9th. Cantor Fitzgerald dropped their price target on i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. DA Davidson dropped their price target on i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, KeyCorp dropped their price target on i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.83.

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.