Cramer Rosenthal Mcglynn LLC Sells 166,967 Shares of i3 Verticals, Inc. $IIIV

Cramer Rosenthal Mcglynn LLC reduced its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 58.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 117,436 shares of the company’s stock after selling 166,967 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in i3 Verticals were worth $3,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in IIIV. Elevation Point Wealth Partners LLC bought a new stake in shares of i3 Verticals in the 2nd quarter valued at about $26,000. BNP Paribas Financial Markets raised its stake in i3 Verticals by 65.5% in the second 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 during the period. Tower Research Capital LLC TRC lifted its position in shares of i3 Verticals by 229.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock valued at $61,000 after buying an additional 1,547 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of i3 Verticals by 128.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock valued at $124,000 after buying an additional 2,547 shares during the last quarter. Finally, Summitry LLC bought a new position in shares of i3 Verticals during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

i3 Verticals Trading Down 0.5%

Shares of IIIV opened at $23.60 on Friday. i3 Verticals, Inc. has a 12 month low of $19.89 and a 12 month high of $33.97. The firm’s 50 day moving average is $23.71 and its 200-day moving average is $27.29. The stock has a market capitalization of $719.33 million, a PE ratio of 38.06 and a beta of 0.97.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $52.67 million during the quarter, compared to analysts’ expectations of $52.18 million. i3 Verticals had a return on equity of 4.32% and a net margin of 7.33%.i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. Equities research analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Benchmark reissued a “buy” rating on shares of i3 Verticals in a research report on Monday, February 9th. Morgan Stanley cut their target price on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday, February 9th. DA Davidson reiterated a “buy” rating and issued a $35.00 price target on shares of i3 Verticals in a research note on Monday, February 2nd. Finally, KeyCorp lowered their price target on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, i3 Verticals presently has an average rating of “Hold” and a consensus target price of $33.20.

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.