Tectonic Advisors LLC Invests $2.88 Million in i3 Verticals, Inc. $IIIV

by · The Cerbat Gem

Tectonic Advisors LLC acquired a new stake in shares of i3 Verticals, Inc. (NASDAQ:IIIV – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,819 shares of the company’s stock, valued at approximately $2,883,000. Tectonic Advisors LLC owned approximately 0.28% of i3 Verticals as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new stake in i3 Verticals during the 2nd quarter worth approximately $26,000. BNP Paribas Financial Markets grew its holdings in shares of i3 Verticals by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 2,198 shares of the company’s stock valued at $60,000 after buying an additional 870 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of i3 Verticals by 229.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,220 shares of the company’s stock valued at $61,000 after buying an additional 1,547 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of i3 Verticals in the 2nd quarter valued at $110,000. Finally, PNC Financial Services Group Inc. raised its stake in i3 Verticals by 128.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,523 shares of the company’s stock worth $124,000 after acquiring an additional 2,547 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

i3 Verticals Stock Down 2.7%

Shares of IIIV opened at $25.19 on Friday. The company has a market capitalization of $814.90 million, a price-to-earnings ratio of 37.04 and a beta of 1.01. i3 Verticals, Inc. has a 52 week low of $22.00 and a 52 week high of $33.97. The stock’s 50-day moving average price is $26.70 and its 200-day moving average price is $28.80.

i3 Verticals (NASDAQ:IIIV – Get Free Report) last announced its quarterly earnings results on Monday, November 17th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $109.80 million during the quarter, compared to the consensus estimate of $53.68 million. i3 Verticals had a return on equity of 4.66% 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 analysts anticipate that i3 Verticals, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of i3 Verticals in a research report on Monday. Zacks Research raised i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. KeyCorp cut their price target on shares of i3 Verticals from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Morgan Stanley decreased their price objective on shares of 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. Finally, DA Davidson set a $35.00 price objective on shares of i3 Verticals in a research note on Thursday, November 20th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Read Our Latest Stock Analysis on IIIV

Insiders Place Their Bets

In related news, 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 transaction of $209,430.00. Following the sale, the executive owned 45,818 shares in the company, valued at approximately $1,066,184.86. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Frederick Stanford sold 11,347 shares of i3 Verticals stock in a transaction on Friday, November 21st. The shares were sold at an average price of $24.21, for a total transaction of $274,710.87. Following the completion of the transaction, the president directly owned 43,653 shares of the company’s stock, valued at $1,056,839.13. The trade was a 20.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,639 shares of company stock worth $562,425 over the last three months. 59.07% of the stock is currently owned by insiders.

About i3 Verticals

(Free Report)

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.

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