Wellington Management Group LLP Acquires New Position in i3 Verticals, Inc. $IIIV

Wellington Management Group LLP acquired a new stake in i3 Verticals, Inc. (NASDAQ:IIIV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 224,612 shares of the company’s stock, valued at approximately $4,798,000. Wellington Management Group LLP owned 0.85% of i3 Verticals at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IIIV. Fifth Third Bancorp purchased a new position in shares of i3 Verticals during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of i3 Verticals by 1,299.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,371 shares of the company’s stock valued at $35,000 after purchasing an additional 1,273 shares during the period. Global Retirement Partners LLC grew its stake in i3 Verticals by 8,259.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,839 shares of the company’s stock worth $46,000 after purchasing an additional 1,817 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in i3 Verticals by 65.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock worth $60,000 after purchasing an additional 870 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in 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 during the period. 84.22% of the stock is currently owned by institutional investors.

i3 Verticals Stock Performance

Shares of NASDAQ:IIIV opened at $15.21 on Thursday. The company has a market capitalization of $400.33 million, a price-to-earnings ratio of 40.03 and a beta of 0.81. i3 Verticals, Inc. has a 52 week low of $15.15 and a 52 week high of $33.97. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $18.88 and a 200 day moving average of $20.49.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. i3 Verticals had a return on equity of 4.49% and a net margin of 4.24%.The company had revenue of $53.07 million for the quarter, compared to analyst estimates of $54.99 million. i3 Verticals has set its FY 2026 guidance at 1.080-1.120 EPS. On average, sell-side analysts predict that i3 Verticals, Inc. will post 0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IIIV. DA Davidson decreased their target price on i3 Verticals from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, August 10th. KeyCorp cut their price target on i3 Verticals from $27.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Weiss Ratings downgraded i3 Verticals from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Finally, Benchmark lowered shares of i3 Verticals from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.40.

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.