i3 Verticals, Inc. $IIIV Shares Purchased by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. boosted its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 32.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,032,606 shares of the company’s stock after buying an additional 255,079 shares during the quarter. i3 Verticals makes up about 1.3% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 25th biggest position. Punch & Associates Investment Management Inc.’s holdings in i3 Verticals were worth $23,089,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new position in shares of i3 Verticals in the fourth quarter worth $9,733,000. Wasatch Advisors LP purchased a new stake in i3 Verticals during the 2nd quarter worth about $8,271,000. UBS Group AG increased its position in i3 Verticals by 91.3% during the 4th quarter. UBS Group AG now owns 369,135 shares of the company’s stock worth $9,299,000 after purchasing an additional 176,181 shares in the last quarter. Jennison Associates LLC raised its stake in 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 last quarter. Finally, Manatuck Hill Partners LLC raised its stake in i3 Verticals by 225.0% in the 3rd quarter. Manatuck Hill Partners LLC now owns 130,000 shares of the company’s stock valued at $4,220,000 after purchasing an additional 90,000 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Stock Up 2.1%

Shares of IIIV opened at $20.19 on Friday. i3 Verticals, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $33.97. The company’s fifty day moving average is $20.38 and its two-hundred day moving average is $21.86. The firm has a market cap of $563.95 million, a PE ratio of 28.84 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.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, May 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. i3 Verticals had a return on equity of 4.19% and a net margin of 8.59%.The business had revenue of $57.52 million for the quarter, compared to analyst estimates of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. Analysts forecast that i3 Verticals, Inc. will post 0.66 earnings per share for the current year.

Insider Transactions at i3 Verticals

In other i3 Verticals news, CEO Gregory S. Daily bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $19.23 per share, with a total value of $961,500.00. Following the transaction, the chief executive officer owned 50,000 shares in the company, valued at $961,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 60.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on IIIV shares. DA Davidson decreased 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 note on Wednesday, May 13th. Benchmark reduced their price objective on shares of i3 Verticals from $39.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Cantor Fitzgerald decreased their target price on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.83.

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.