Thrivent Financial for Lutherans Acquires 73,420 Shares of i3 Verticals, Inc. $IIIV

Thrivent Financial for Lutherans boosted its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 11.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 728,505 shares of the company’s stock after acquiring an additional 73,420 shares during the quarter. Thrivent Financial for Lutherans’ holdings in i3 Verticals were worth $18,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IIIV. AltraVue Capital LLC grew its holdings in i3 Verticals by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 1,168,056 shares of the company’s stock worth $37,915,000 after acquiring an additional 23,680 shares during the period. Jennison Associates LLC lifted its stake in shares of i3 Verticals by 16.5% in the 4th quarter. Jennison Associates LLC now owns 1,093,762 shares of the company’s stock valued at $27,552,000 after purchasing an additional 154,887 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of i3 Verticals by 1.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 777,477 shares of the company’s stock worth $25,237,000 after purchasing an additional 10,834 shares during the last quarter. 12th Street Asset Management Company LLC boosted its position in shares of i3 Verticals by 159.9% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 609,942 shares of the company’s stock worth $19,799,000 after purchasing an additional 375,240 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of i3 Verticals by 3.9% during the second quarter. Raymond James Financial Inc. now owns 580,373 shares of the company’s stock worth $15,949,000 after purchasing an additional 21,568 shares during the period. 84.22% of the stock is owned by institutional investors.

Insider Activity

In other i3 Verticals news, CRO Paul Christians sold 6,122 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $23.23, for a total transaction of $142,214.06. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory S. Daily purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $19.23 per share, for a total transaction of $961,500.00. Following the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $961,500. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 60.09% of the company’s stock.

i3 Verticals Stock Performance

Shares of i3 Verticals stock opened at $19.54 on Tuesday. The company has a market capitalization of $545.75 million, a PE ratio of 27.91 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 1.34 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $21.91 and its 200 day simple moving average is $23.86.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results 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. i3 Verticals had a return on equity of 4.19% and a net margin of 8.59%.The firm had revenue of $57.52 million during the quarter, compared to analysts’ expectations of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. On average, research analysts predict that i3 Verticals, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Cantor Fitzgerald dropped their price objective on i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Monday, May 11th. KeyCorp decreased their target price 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. DA Davidson cut their price target on shares of i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. 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. Finally, Benchmark decreased their price objective on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.83.

i3 Verticals 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.