i3 Verticals (NASDAQ:IIIV) PT Raised to $29.00 at Stephens

i3 Verticals (NASDAQ:IIIV) had its price target increased by equities researchers at Stephens from $27.00 to $29.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Stephens’ price objective suggests a potential upside of 31.34% from the company’s previous close.

A number of other equities analysts also recently commented on IIIV. TheStreet upgraded i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. Benchmark restated a “buy” rating and issued a $28.00 price objective on shares of i3 Verticals in a report on Monday, April 1st. BMO Capital Markets cut their price objective on i3 Verticals from $25.00 to $24.00 and set a “market perform” rating on the stock in a report on Monday, May 13th. Finally, KeyCorp raised their price objective on i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.14.

i3 Verticals Stock Performance

NASDAQ IIIV opened at $22.08 on Thursday. The business’s 50-day moving average price is $20.52 and its 200 day moving average price is $20.94. i3 Verticals has a twelve month low of $17.54 and a twelve month high of $25.70. The company has a market capitalization of $739.02 million, a PE ratio of 2,210.21 and a beta of 1.59. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99.

i3 Verticals (NASDAQ:IIIV) last released its earnings results on Friday, May 10th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). i3 Verticals had a return on equity of 8.91% and a net margin of 0.63%. The business had revenue of $94.54 million for the quarter, compared to analysts’ expectations of $96.27 million. On average, research analysts predict that i3 Verticals will post 0.91 earnings per share for the current year.

Institutional Investors Weigh In On i3 Verticals

A number of large investors have recently modified their holdings of IIIV. Hood River Capital Management LLC grew its stake in i3 Verticals by 43.1% during the 1st quarter. Hood River Capital Management LLC now owns 1,119,931 shares of the company’s stock valued at $25,635,000 after purchasing an additional 337,576 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in i3 Verticals during the 1st quarter valued at approximately $3,461,000. CIBC Private Wealth Group LLC grew its stake in i3 Verticals by 147.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245,440 shares of the company’s stock valued at $5,196,000 after purchasing an additional 146,222 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in i3 Verticals during the 4th quarter valued at approximately $1,878,000. Finally, Wesbanco Bank Inc. acquired a new stake in i3 Verticals during the 1st quarter valued at approximately $1,487,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.