i3 Verticals (NASDAQ:IIIV) CRO Paul Christians Sells 9,000 Shares

i3 Verticals, Inc. (NASDAQ:IIIV) CRO Paul Christians sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $23.27, for a total value of $209,430.00. Following the completion of the sale, the executive directly owned 45,818 shares in the company, valued at $1,066,184.86. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Paul Christians also recently made the following trade(s):

• On Wednesday, November 26th, Paul Christians sold 3,292 shares of i3 Verticals stock. The stock was sold at an average price of $23.78, for a total value of $78,283.76.

i3 Verticals Stock Performance

Shares of IIIV traded up $0.19 during mid-day trading on Friday, reaching $23.28. The company had a trading volume of 19,656 shares, compared to its average volume of 270,007. The company’s 50 day simple moving average is $29.31 and its 200 day simple moving average is $28.72. i3 Verticals, Inc. has a 1-year low of $22.00 and a 1-year high of $33.97. The company has a market capitalization of $752.95 million, a price-to-earnings ratio of 34.16 and a beta of 1.06.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $109.80 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 analysts forecast that i3 Verticals, Inc. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On i3 Verticals

A number of hedge funds have recently made changes to their positions in the stock. Geneva Capital Management LLC boosted its holdings in i3 Verticals by 5.7% in the second quarter. Geneva Capital Management LLC now owns 1,887,701 shares of the company’s stock valued at $51,874,000 after acquiring an additional 101,331 shares during the last quarter. AltraVue Capital LLC raised its holdings in i3 Verticals by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 1,168,056 shares of the company’s stock worth $37,915,000 after purchasing an additional 23,680 shares during the last quarter. Ranger Investment Management L.P. lifted its position in shares of i3 Verticals by 0.3% in the 2nd quarter. Ranger Investment Management L.P. now owns 1,146,200 shares of the company’s stock worth $31,498,000 after purchasing an additional 3,505 shares during the period. Long Path Partners LP lifted its position in shares of i3 Verticals by 4.2% in the 2nd quarter. Long Path Partners LP now owns 1,039,847 shares of the company’s stock worth $28,575,000 after purchasing an additional 41,851 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of i3 Verticals by 1.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 777,477 shares of the company’s stock valued at $25,237,000 after purchasing an additional 10,834 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IIIV. Weiss Ratings restated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday. Morgan Stanley cut their price target on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 19th. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Stephens upped their price objective on i3 Verticals from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Finally, DA Davidson set a $35.00 target price on shares of i3 Verticals in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.