Intrust Bank NA Makes New Investment in i3 Verticals, Inc. $IIIV

Intrust Bank NA bought a new position in i3 Verticals, Inc. (NASDAQ:IIIV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,615 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors have also made changes to their positions in IIIV. Punch & Associates Investment Management Inc. purchased a new stake in shares of i3 Verticals in the 1st quarter valued at approximately $11,207,000. T. Rowe Price Investment Management Inc. acquired a new stake in i3 Verticals during the 1st quarter valued at $10,018,000. Visualize Group LP acquired a new stake in i3 Verticals during the 1st quarter valued at $7,013,000. Harbor Capital Advisors Inc. lifted its holdings in shares of i3 Verticals by 67.2% in the second quarter. Harbor Capital Advisors Inc. now owns 454,743 shares of the company’s stock valued at $12,496,000 after purchasing an additional 182,699 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of i3 Verticals in the second quarter worth $4,404,000. 84.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at i3 Verticals

In related news, CRO Paul Christians sold 1,890 shares of i3 Verticals 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 owned 43,110 shares of the company’s stock, valued at approximately $1,353,654. The trade was a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Paul Maple sold 2,500 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $31.04, for a total transaction of $77,600.00. Following the transaction, the general counsel directly owned 33,269 shares in the company, valued at $1,032,669.76. The trade was a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 59.07% of the stock is currently owned by insiders.

i3 Verticals Price Performance

Shares of i3 Verticals stock opened at $25.97 on Wednesday. The firm has a market cap of $837.79 million, a price-to-earnings ratio of 38.19 and a beta of 1.23. The stock has a 50-day simple moving average of $31.14 and a 200-day simple moving average of $28.96. i3 Verticals, Inc. has a 52-week low of $22.00 and a 52-week high of $33.97.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings data on Monday, November 17th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $54.90 million for the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals had a return on equity of 4.68% and a net margin of 7.72%. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, equities research analysts predict that i3 Verticals, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley upped their price target on i3 Verticals from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Benchmark reiterated a “buy” rating and issued a $39.00 target price (up previously from $33.00) on shares of i3 Verticals in a report on Monday, August 11th. Stephens raised their price target on shares of i3 Verticals from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Zacks Research raised shares of i3 Verticals from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of i3 Verticals in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, i3 Verticals presently has an average rating of “Moderate Buy” and an average price target of $34.33.

i3 Verticals 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.