North Reef Capital Management LP Increases Stake in i3 Verticals, Inc. $IIIV

North Reef Capital Management LP raised its stake in i3 Verticals, Inc. (NASDAQ:IIIV) by 1,253.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,025,000 shares of the company’s stock after purchasing an additional 949,289 shares during the quarter. i3 Verticals accounts for 0.8% of North Reef Capital Management LP’s portfolio, making the stock its 29th biggest position. North Reef Capital Management LP’s holdings in i3 Verticals were worth $22,919,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of i3 Verticals in the first quarter worth approximately $28,000. CWM LLC raised its holdings in i3 Verticals by 221.7% during the 4th quarter. CWM LLC now owns 1,393 shares of the company’s stock valued at $35,000 after buying an additional 960 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in i3 Verticals by 1,299.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock worth $35,000 after acquiring an additional 1,273 shares during the last quarter. Global Retirement Partners LLC grew its holdings in i3 Verticals by 8,259.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after acquiring an additional 1,817 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of i3 Verticals by 65.5% in the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock valued at $60,000 after acquiring an additional 870 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

i3 Verticals Trading Up 2.1%

Shares of IIIV opened at $20.19 on Friday. i3 Verticals, Inc. has a 1-year low of $18.47 and a 1-year high of $33.97. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $20.38 and its 200-day moving average price is $21.86. The firm has a market capitalization of $563.91 million, a price-to-earnings ratio of 28.84 and a beta of 0.83.

i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. i3 Verticals had a net margin of 8.59% and a return on equity of 4.19%. The company had revenue of $57.52 million during the quarter, compared to the consensus estimate of $57.51 million. i3 Verticals has set its FY 2026 guidance at 1.090-1.150 EPS. Sell-side analysts anticipate that i3 Verticals, Inc. will post 0.66 EPS for the current year.

Insider Buying and Selling at i3 Verticals

In other news, CEO Gregory S. Daily bought 50,000 shares of i3 Verticals stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $19.23 per share, for a total transaction of $961,500.00. Following the acquisition, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $961,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 60.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on IIIV shares. Cantor Fitzgerald lowered their price objective on shares of i3 Verticals from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. DA Davidson reduced their price target on i3 Verticals from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Benchmark lowered their price target on i3 Verticals from $39.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded i3 Verticals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.83.

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.