i3 Verticals (NASDAQ:IIIV) CEO Purchases $961,500.00 in Stock

i3 Verticals, Inc. (NASDAQ:IIIV) CEO Gregory Daily purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $19.23 per share, for a total transaction of $961,500.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $961,500. This represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV traded down $0.20 during midday trading on Thursday, hitting $18.69. The company’s stock had a trading volume of 460,828 shares, compared to its average volume of 362,753. The business’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $24.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.34. The company has a market cap of $569.60 million, a P/E ratio of 26.70 and a beta of 0.89. i3 Verticals, Inc. has a 12-month low of $18.47 and a 12-month high of $33.97.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly 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. 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. On average, analysts forecast that i3 Verticals, Inc. will post 0.67 EPS for the current year.

Institutional Investors Weigh In On i3 Verticals

A number of institutional investors have recently made changes to their positions in IIIV. Royal Bank of Canada increased its position in shares of i3 Verticals by 31.4% during the first quarter. Royal Bank of Canada now owns 57,505 shares of the company’s stock valued at $1,419,000 after acquiring an additional 13,729 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of i3 Verticals during the first quarter valued at about $209,000. JPMorgan Chase & Co. increased its position in shares of i3 Verticals by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 12,383 shares of the company’s stock valued at $340,000 after acquiring an additional 1,266 shares during the last quarter. Invesco Ltd. increased its position in shares of i3 Verticals by 4.6% during the second quarter. Invesco Ltd. now owns 26,328 shares of the company’s stock valued at $723,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of i3 Verticals by 25.4% during the second quarter. Federated Hermes Inc. now owns 70,587 shares of the company’s stock valued at $1,940,000 after acquiring an additional 14,295 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IIIV. Cantor Fitzgerald decreased their price target on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday. KeyCorp reduced their target price on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, February 9th. Benchmark reduced their target price 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. Weiss Ratings raised shares of i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Morgan Stanley reduced their target price on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, i3 Verticals has a consensus rating of “Moderate Buy” and an average target price of $29.83.

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.