12th Street Asset Management Company LLC Increases Stock Holdings in i3 Verticals, Inc. $IIIV

12th Street Asset Management Company LLC grew its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 159.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 609,942 shares of the company’s stock after buying an additional 375,240 shares during the period. i3 Verticals accounts for 3.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 12th largest holding. 12th Street Asset Management Company LLC’s holdings in i3 Verticals were worth $19,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IIIV. Thrivent Financial for Lutherans boosted its stake in i3 Verticals by 274.8% in the second quarter. Thrivent Financial for Lutherans now owns 547,598 shares of the company’s stock valued at $15,048,000 after acquiring an additional 401,493 shares in the last quarter. Wasatch Advisors LP purchased a new stake in shares of i3 Verticals in the 2nd quarter valued at about $8,271,000. Loomis Sayles & Co. L P acquired a new stake in shares of i3 Verticals in the 2nd quarter valued at about $6,210,000. Jennison Associates LLC acquired a new stake in shares of i3 Verticals in the 2nd quarter valued at about $4,404,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in i3 Verticals during the 3rd quarter worth approximately $3,303,000. 84.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IIIV. DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of i3 Verticals in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of i3 Verticals in a research report on Monday, December 29th. Morgan Stanley decreased their price target on shares of i3 Verticals from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Monday. KeyCorp dropped their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Benchmark reaffirmed a “buy” rating on shares of i3 Verticals in a report on Monday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.20.

Insider Activity at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 11,347 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $24.21, for a total transaction of $274,710.87. Following the sale, the president directly owned 43,653 shares in the company, valued at approximately $1,056,839.13. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Paul Christians sold 9,000 shares of the firm’s stock in a transaction on 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 transaction, the executive owned 45,818 shares of the company’s stock, valued at approximately $1,066,184.86. This represents a 16.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,639 shares of company stock valued at $562,425 over the last ninety days. 60.09% of the stock is currently owned by company insiders.

i3 Verticals Stock Down 3.8%

NASDAQ:IIIV opened at $21.04 on Friday. The firm’s fifty day simple moving average is $24.59 and its 200-day simple moving average is $28.07. The stock has a market cap of $680.64 million, a PE ratio of 33.94 and a beta of 0.99. i3 Verticals, Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. i3 Verticals had a net margin of 7.33% and a return on equity of 4.32%. The firm had revenue of $52.67 million for the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. Equities analysts anticipate that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

i3 Verticals Profile

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.