i3 Verticals, Inc. $IIIV Stock Position Cut by Forager Capital Management LLC

Forager Capital Management LLC lessened its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV) by 13.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 665,000 shares of the company’s stock after selling 100,000 shares during the period. i3 Verticals makes up approximately 8.9% of Forager Capital Management LLC’s portfolio, making the stock its 6th largest position. Forager Capital Management LLC’s holdings in i3 Verticals were worth $18,274,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IIIV. Harbor Asset Planning Inc. acquired a new stake in shares of i3 Verticals during the 2nd quarter valued at about $110,000. PNC Financial Services Group Inc. raised its holdings in i3 Verticals by 128.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $124,000 after purchasing an additional 2,547 shares during the period. Meeder Asset Management Inc. purchased a new position in i3 Verticals during the first quarter worth approximately $151,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in i3 Verticals by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,926 shares of the company’s stock valued at $196,000 after purchasing an additional 796 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of i3 Verticals in the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

Insider Activity

In other i3 Verticals news, CRO Paul Christians sold 1,890 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $31.40, for a total transaction of $59,346.00. Following the transaction, the executive owned 43,110 shares of the company’s stock, valued at approximately $1,353,654. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Paul Maple sold 2,500 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $31.04, for a total value of $77,600.00. Following the transaction, the general counsel directly owned 33,269 shares in the company, valued at $1,032,669.76. This trade represents a 6.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 15,737 shares of company stock worth $411,657 over the last ninety days. Corporate insiders own 59.07% of the company’s stock.

i3 Verticals Stock Up 1.8%

Shares of NASDAQ IIIV opened at $24.32 on Wednesday. The firm has a 50-day simple moving average of $30.46 and a 200-day simple moving average of $28.88. The stock has a market capitalization of $784.56 million, a price-to-earnings ratio of 35.76 and a beta of 1.23. i3 Verticals, Inc. has a 52 week low of $22.00 and a 52 week high of $33.97.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $54.90 million during the quarter, compared to analysts’ expectations of $53.68 million. i3 Verticals had a net margin of 7.72% and a return on equity of 4.66%. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, equities research analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

IIIV has been the topic of a number of recent analyst reports. Stephens increased their target price on i3 Verticals from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley cut 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. Benchmark restated a “buy” rating and set a $39.00 price target (up previously from $33.00) on shares of i3 Verticals in a research report on Monday, August 11th. Finally, KeyCorp lowered their price objective on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

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.