Mutual of America Capital Management LLC Acquires New Position in i3 Verticals, Inc. $IIIV

Mutual of America Capital Management LLC acquired a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 96,884 shares of the company’s stock, valued at approximately $3,145,000. Mutual of America Capital Management LLC owned about 0.30% of i3 Verticals at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of IIIV. The Manufacturers Life Insurance Company grew its position in shares of i3 Verticals by 4.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,619 shares of the company’s stock valued at $237,000 after purchasing an additional 402 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock valued at $60,000 after buying an additional 870 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of i3 Verticals in the 2nd quarter worth $26,000. Bank of Montreal Can increased its stake in shares of i3 Verticals by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 402,053 shares of the company’s stock worth $11,048,000 after acquiring an additional 1,008 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of i3 Verticals by 0.4% during the 2nd quarter. New York State Common Retirement Fund now owns 233,173 shares of the company’s stock worth $6,408,000 after acquiring an additional 1,020 shares during the period. 84.22% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Stock Performance

NASDAQ:IIIV opened at $22.21 on Friday. The stock has a market capitalization of $718.49 million, a P/E ratio of 32.66 and a beta of 1.01. The company has a 50 day moving average price of $24.99 and a 200 day moving average price of $28.53. i3 Verticals, Inc. has a fifty-two week low of $21.52 and a fifty-two week high of $33.97.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.The company had revenue of $109.80 million for the quarter, compared to analyst estimates of $53.68 million. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. Research analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 29th. KeyCorp dropped their price target on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. DA Davidson set a $35.00 price target on shares of i3 Verticals in a research report on Thursday, November 20th. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Morgan Stanley lowered their price objective on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Insider Activity at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 11,347 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the completion of the transaction, the president owned 43,653 shares in the company, valued at $1,056,839.13. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CRO Paul Christians sold 9,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total value of $209,430.00. Following the sale, the executive directly owned 45,818 shares in the company, valued at $1,066,184.86. This represents a 16.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,639 shares of company stock valued at $562,425. Insiders own 60.09% of the company’s stock.

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.