PNC Financial Services Group Inc. Purchases 2,547 Shares of i3 Verticals, Inc. $IIIV

PNC Financial Services Group Inc. grew its position in i3 Verticals, Inc. (NASDAQ:IIIV) by 128.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,523 shares of the company’s stock after purchasing an additional 2,547 shares during the period. PNC Financial Services Group Inc.’s holdings in i3 Verticals were worth $124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of i3 Verticals in the 2nd quarter valued at $281,000. Harbor Capital Advisors Inc. grew its stake in i3 Verticals by 67.2% in the second quarter. Harbor Capital Advisors Inc. now owns 454,743 shares of the company’s stock valued at $12,496,000 after acquiring an additional 182,699 shares during the period. Avantax Advisory Services Inc. grew its stake in i3 Verticals by 8.5% in the first quarter. Avantax Advisory Services Inc. now owns 17,473 shares of the company’s stock valued at $431,000 after acquiring an additional 1,368 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of i3 Verticals in the second quarter worth about $401,000. Finally, Geneva Capital Management LLC raised its position in shares of i3 Verticals by 5.7% during the second quarter. Geneva Capital Management LLC now owns 1,887,701 shares of the company’s stock worth $51,874,000 after purchasing an additional 101,331 shares during the period. 84.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IIIV shares. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $33.00) on shares of i3 Verticals in a research note on Monday, August 11th. Weiss Ratings downgraded shares of i3 Verticals from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, November 24th. DA Davidson set a $35.00 price objective on shares of i3 Verticals in a report on Thursday, November 20th. Finally, Morgan Stanley reduced their target price on shares of i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

i3 Verticals Stock Up 0.4%

Shares of IIIV opened at $23.68 on Friday. i3 Verticals, Inc. has a twelve month low of $22.00 and a twelve month high of $33.97. The stock has a market capitalization of $763.76 million, a P/E ratio of 34.82 and a beta of 1.23. The company has a 50 day moving average of $29.98 and a 200-day moving average of $28.82.

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

Insider Activity

In related news, General Counsel Paul Maple sold 2,500 shares of i3 Verticals stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $31.04, for a total value of $77,600.00. Following the sale, the general counsel owned 33,269 shares of the company’s stock, valued at approximately $1,032,669.76. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Frederick Stanford sold 11,347 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $24.21, for a total value of $274,710.87. Following the sale, the president owned 43,653 shares in the company, valued at $1,056,839.13. The trade was a 20.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 59.07% of the stock is owned by company insiders.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.