Thrivent Financial for Lutherans Raises Position in i3 Verticals, Inc. $IIIV

Thrivent Financial for Lutherans grew its holdings in i3 Verticals, Inc. (NASDAQ:IIIV) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 655,085 shares of the company’s stock after acquiring an additional 107,487 shares during the period. Thrivent Financial for Lutherans owned about 2.03% of i3 Verticals worth $21,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Arizona State Retirement System acquired a new position in i3 Verticals during the 3rd quarter worth $222,000. Mutual of America Capital Management LLC acquired a new position in shares of i3 Verticals during the third quarter worth about $3,145,000. Strs Ohio purchased a new stake in shares of i3 Verticals during the third quarter worth approximately $351,000. Simplicity Wealth LLC purchased a new stake in shares of i3 Verticals during the third quarter worth approximately $491,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in i3 Verticals in the third quarter worth approximately $332,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Stock Down 5.3%

NASDAQ:IIIV opened at $20.83 on Wednesday. The company has a market capitalization of $673.85 million, a PE ratio of 30.63 and a beta of 0.99. i3 Verticals, Inc. has a 52-week low of $20.65 and a 52-week high of $33.97. The stock’s 50 day moving average price is $24.88 and its 200 day moving average price is $28.43.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Monday, November 17th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. i3 Verticals had a return on equity of 4.66% and a net margin of 7.72%.The business had revenue of $109.80 million during the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals has set its FY 2026 guidance at 1.060-1.160 EPS. As a group, sell-side analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IIIV. KeyCorp dropped their price objective on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 19th. DA Davidson reissued a “buy” rating and issued a $35.00 target price on shares of i3 Verticals in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of i3 Verticals in a report on Monday, December 29th. Zacks Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Morgan Stanley decreased their target price on i3 Verticals from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Insider Transactions at i3 Verticals

In other i3 Verticals news, President Frederick Stanford sold 11,347 shares of the stock in a transaction that occurred 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 completion of the sale, the president directly owned 43,653 shares of the company’s stock, valued at approximately $1,056,839.13. This trade represents a 20.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Paul Christians sold 9,000 shares of i3 Verticals stock in a transaction that occurred 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 in the company, valued at $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. Insiders sold 23,639 shares of company stock valued at $562,425 over the last ninety days. Corporate insiders own 60.09% of the company’s stock.

i3 Verticals Company 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.