Confluence Investment Management LLC Boosts Stock Holdings in i3 Verticals, Inc. $IIIV

Confluence Investment Management LLC grew its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 91.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 230,530 shares of the company’s stock after buying an additional 110,216 shares during the quarter. Confluence Investment Management LLC’s holdings in i3 Verticals were worth $4,924,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IIIV. Fifth Third Bancorp bought a new position in shares of i3 Verticals during the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in i3 Verticals by 1,299.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock valued at $35,000 after buying an additional 1,273 shares during the period. CWM LLC raised its stake in i3 Verticals by 221.7% in the fourth quarter. CWM LLC now owns 1,393 shares of the company’s stock worth $35,000 after buying an additional 960 shares in the last quarter. Global Retirement Partners LLC raised its stake in i3 Verticals by 8,259.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after buying an additional 1,817 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in i3 Verticals by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after buying an additional 870 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Price Performance

Shares of NASDAQ IIIV opened at $21.84 on Wednesday. i3 Verticals, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $33.97. The company has a market cap of $609.99 million, a PE ratio of 31.20 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.34. The business has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $21.54.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $57.52 million for the quarter, compared to the consensus estimate of $57.51 million. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. As a group, equities analysts expect that i3 Verticals, Inc. will post 0.66 EPS for the current fiscal year.

Insider Transactions at i3 Verticals

In related news, CEO Gregory S. Daily purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price 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 $961,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 60.09% of the company’s stock.

Wall Street Analyst Weigh In

IIIV has been the topic of several recent research reports. Benchmark dropped 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. Cantor Fitzgerald reduced 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, May 11th. DA Davidson decreased their price objective on i3 Verticals from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, i3 Verticals has an average rating of “Moderate Buy” and a consensus price target 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.