Intrust Bank NA Invests $237,000 in i3 Verticals, Inc. $IIIV

Intrust Bank NA bought a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) during the second quarter, according to its most recent filing with the SEC. The firm bought 8,615 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors have also recently bought and sold shares of IIIV. Harbor Asset Planning Inc. acquired a new position in i3 Verticals during the 2nd quarter worth $110,000. PNC Financial Services Group Inc. lifted its position in shares of i3 Verticals by 128.9% during 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 last quarter. Meeder Asset Management Inc. acquired a new position in shares of i3 Verticals during the 1st quarter worth about $151,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in i3 Verticals by 11.2% during the 1st 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 acquired a new stake in i3 Verticals in the 1st quarter valued at approximately $209,000. Institutional investors own 84.22% of the company’s stock.

i3 Verticals Price Performance

IIIV opened at $25.97 on Wednesday. i3 Verticals, Inc. has a fifty-two week low of $22.00 and a fifty-two week high of $33.97. The firm’s fifty day moving average price is $31.14 and its two-hundred day moving average price is $28.96. The company has a market capitalization of $837.79 million, a P/E ratio of 38.19 and a beta of 1.23.

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 analysts’ consensus estimates 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 4.68%. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. On average, equities research analysts expect that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at i3 Verticals

In other news, General Counsel Paul Maple sold 2,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the general counsel directly owned 33,269 shares of the company’s stock, valued at approximately $1,032,669.76. This represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Paul Christians sold 1,890 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $31.40, for a total value of $59,346.00. Following the completion of the sale, the executive directly owned 43,110 shares in the company, valued at approximately $1,353,654. This represents a 4.20% 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IIIV shares. DA Davidson reiterated a “buy” rating and set a $39.00 price target on shares of i3 Verticals in a report on Monday. Stephens boosted their target price on shares of i3 Verticals from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Morgan Stanley increased their price target on shares of i3 Verticals from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Zacks Research upgraded shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $39.00 price objective (up previously from $33.00) on shares of i3 Verticals in a research report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.33.

i3 Verticals Company Profile

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.