Heartland Advisors Inc. Grows Stock Holdings in i3 Verticals, Inc. $IIIV

Heartland Advisors Inc. grew its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 11.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 606,950 shares of the company’s stock after buying an additional 60,400 shares during the period. Heartland Advisors Inc.’s holdings in i3 Verticals were worth $13,571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IIIV. William Blair Investment Management LLC bought a new position in shares of i3 Verticals during the 4th quarter worth approximately $9,733,000. Wasatch Advisors LP acquired a new stake in i3 Verticals in the second quarter valued at approximately $8,271,000. UBS Group AG boosted its stake in i3 Verticals by 91.3% in the fourth quarter. UBS Group AG now owns 369,135 shares of the company’s stock valued at $9,299,000 after acquiring an additional 176,181 shares in the last quarter. Jennison Associates LLC grew its holdings in i3 Verticals by 16.5% in the fourth quarter. Jennison Associates LLC now owns 1,093,762 shares of the company’s stock worth $27,552,000 after purchasing an additional 154,887 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its holdings in i3 Verticals by 225.0% in the third quarter. Manatuck Hill Partners LLC now owns 130,000 shares of the company’s stock worth $4,220,000 after purchasing an additional 90,000 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Analyst Upgrades and Downgrades

IIIV has been the subject of several analyst reports. Cantor Fitzgerald decreased 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. DA Davidson dropped their target price on i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Benchmark reduced their target price on i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, i3 Verticals currently has a consensus rating of “Moderate Buy” and an average target price of $29.83.

Insider Transactions at i3 Verticals

In other i3 Verticals news, CEO Gregory S. Daily purchased 50,000 shares of i3 Verticals stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $19.23 per share, with a total value of $961,500.00. Following the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at $961,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 60.09% of the company’s stock.

i3 Verticals Trading Down 1.8%

Shares of NASDAQ:IIIV opened at $20.71 on Friday. i3 Verticals, Inc. has a 52-week low of $18.47 and a 52-week high of $33.97. The stock has a market cap of $578.43 million, a price-to-earnings ratio of 29.59 and a beta of 0.83. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $20.27 and a 200-day moving average price of $22.05.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Thursday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $57.52 million during the quarter, compared to the consensus estimate 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. Equities analysts predict that i3 Verticals, Inc. will post 0.66 EPS for the current 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.