Jennison Associates LLC Has $27.55 Million Stock Holdings in i3 Verticals, Inc. $IIIV

Key Points

• Jennison Associates LLC increased its stake in i3 Verticals by 16.5% to 1,093,762 shares, representing about 3.38% of the company and valued at roughly $27.55 million.
• CRO Paul Christians sold 6,122 shares on March 6, reducing his personal holding by 16.38%, while the filing shows insiders own 60.09% of the stock and institutional investors/hedge funds own 84.22%.
• Analysts have a consensus rating of Hold with a $33.20 target amid mixed reviews (four Buys, two Holds, one Sell), even as i3 Verticals beat quarterly EPS estimates and set FY2026 guidance of 1.080–1.160 EPS.

Jennison Associates LLC increased its position in shares of i3 Verticals, Inc. (NASDAQ:IIIV - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,093,762 shares of the company's stock after acquiring an additional 154,887 shares during the period. Jennison Associates LLC owned about 3.38% of i3 Verticals worth $27,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. D.A. Davidson & CO. boosted its position in shares of i3 Verticals by 40.5% during the 4th quarter. D.A. Davidson & CO. now owns 11,800 shares of the company's stock worth $297,000 after acquiring an additional 3,400 shares in the last quarter. UBS Group AG boosted its position in shares of i3 Verticals by 91.3% during the 4th quarter. UBS Group AG now owns 369,135 shares of the company's stock worth $9,299,000 after acquiring an additional 176,181 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of i3 Verticals during the 4th quarter worth approximately $296,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of i3 Verticals by 20.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,302 shares of the company's stock worth $310,000 after acquiring an additional 2,076 shares in the last quarter. Finally, CWM LLC boosted its position in shares of i3 Verticals by 221.7% during the 4th quarter. CWM LLC now owns 1,393 shares of the company's stock worth $35,000 after acquiring an additional 960 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company's stock.

Insider Activity

In other news, CRO Paul Christians sold 6,122 shares of the firm's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $23.23, for a total transaction of $142,214.06. Following the completion of the transaction, the executive owned 31,250 shares of the company's stock, valued at approximately $725,937.50. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 60.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IIIV shares. Weiss Ratings downgraded shares of i3 Verticals from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, April 9th. KeyCorp dropped their price objective on shares of i3 Verticals from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, February 9th. Benchmark reissued a "buy" rating on shares of i3 Verticals in a research note on Monday, February 9th. Morgan Stanley dropped their price objective on shares of i3 Verticals from $28.00 to $22.00 and set an "equal weight" rating for the company in a research note on Monday, February 9th. Finally, DA Davidson reissued a "buy" rating and issued a $35.00 price objective on shares of i3 Verticals in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.20.

i3 Verticals Price Performance

Shares of NASDAQ:IIIV opened at $23.36 on Friday. The company has a market cap of $712.01 million, a price-to-earnings ratio of 37.68 and a beta of 0.89. The firm has a 50 day simple moving average of $22.35 and a 200 day simple moving average of $24.78. i3 Verticals, Inc. has a one year low of $19.89 and a one year high of $33.97.

i3 Verticals (NASDAQ:IIIV - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $52.67 million during the quarter, compared to the consensus estimate of $52.18 million. i3 Verticals had a net margin of 7.33% and a return on equity of 4.32%. i3 Verticals has set its FY 2026 guidance at 1.080-1.160 EPS. As a group, analysts expect that i3 Verticals, Inc. will post 0.67 EPS for the current year.

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.

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