101,747 Shares in i3 Verticals, Inc. $IIIV Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,747 shares of the company’s stock, valued at approximately $3,303,000. Oppenheimer Asset Management Inc. owned about 0.32% of i3 Verticals as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of i3 Verticals by 4.9% during the 2nd 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 boosted its holdings in i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in i3 Verticals during the second quarter worth $26,000. Bank of Montreal Can raised its holdings in i3 Verticals by 0.3% during the second quarter. Bank of Montreal Can now owns 402,053 shares of the company’s stock valued at $11,048,000 after buying an additional 1,008 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of i3 Verticals by 0.4% in the second quarter. New York State Common Retirement Fund now owns 233,173 shares of the company’s stock worth $6,408,000 after buying an additional 1,020 shares during the last quarter. 84.22% of the stock is owned by institutional investors.

Insider Activity

In other i3 Verticals news, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was 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 of the company’s stock, valued at $1,056,839.13. This represents a 20.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Paul Christians sold 9,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive owned 45,818 shares of the company’s stock, valued at $1,066,184.86. This represents a 16.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,639 shares of company stock worth $562,425 over the last 90 days. Corporate insiders own 60.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IIIV shares. Weiss Ratings reissued a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $35.00 target price on shares of i3 Verticals in a research report on Monday, February 2nd. Morgan Stanley lowered their price target on i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday. Benchmark restated a “buy” rating on shares of i3 Verticals in a research note on Monday. Finally, KeyCorp decreased their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.20.

i3 Verticals Trading Down 5.2%

Shares of i3 Verticals stock opened at $21.88 on Thursday. i3 Verticals, Inc. has a 1 year low of $19.89 and a 1 year high of $33.97. The company’s fifty day simple moving average is $24.63 and its 200-day simple moving average is $28.12. The company has a market cap of $707.91 million, a price-to-earnings ratio of 35.29 and a beta of 0.99.

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

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.