i3 Verticals, Inc. $IIIV Holdings Lowered by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 61.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,583 shares of the company’s stock after selling 154,104 shares during the period. Confluence Investment Management LLC’s holdings in i3 Verticals were worth $3,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in i3 Verticals during the second quarter worth approximately $26,000. BNP Paribas Financial Markets lifted its position in i3 Verticals by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after buying an additional 870 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of i3 Verticals by 229.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock worth $61,000 after purchasing an additional 1,547 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in i3 Verticals in the second quarter valued at approximately $110,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of i3 Verticals by 128.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock valued at $124,000 after purchasing an additional 2,547 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.

i3 Verticals Stock Down 0.6%

Shares of IIIV opened at $26.30 on Wednesday. The company has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $28.78. The stock has a market cap of $850.81 million, a price-to-earnings ratio of 38.68 and a beta of 1.06. i3 Verticals, Inc. has a 12 month low of $22.00 and a 12 month high of $33.97.

i3 Verticals (NASDAQ:IIIV) last posted 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. The business had revenue of $109.80 million during the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. 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 i3 Verticals news, President Frederick Stanford sold 11,347 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.21, for a total value of $274,710.87. Following the transaction, the president directly owned 43,653 shares in the company, valued at $1,056,839.13. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Paul Christians sold 9,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $23.27, for a total value of $209,430.00. Following the sale, the executive owned 45,818 shares in the company, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,639 shares of company stock worth $562,425. Company insiders own 59.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IIIV shares. Weiss Ratings restated a “hold (c)” rating on shares of i3 Verticals in a report on Monday. KeyCorp decreased their target price on i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley reduced their price objective on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 19th. Finally, DA Davidson set a $35.00 price objective on i3 Verticals in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, i3 Verticals presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

About i3 Verticals

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.