i3 Verticals (NASDAQ:IIIV) Issues Earnings Results, Beats Estimates By $0.01 EPS

i3 Verticals (NASDAQ:IIIV) posted its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01, Bloomberg Earnings reports. i3 Verticals had a positive return on equity of 15.38% and a negative net margin of 0.36%. The company had revenue of $36.01 million for the quarter, compared to analysts’ expectations of $35.02 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. i3 Verticals updated its FY19 guidance to $0.80-0.85 EPS.

NASDAQ IIIV traded down $4.95 during trading hours on Friday, reaching $23.77. The company’s stock had a trading volume of 393,047 shares, compared to its average volume of 150,772. The business’s 50-day moving average is $28.40. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. i3 Verticals has a 1 year low of $14.80 and a 1 year high of $31.44. The stock has a market cap of $755.45 million, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.22.

In other i3 Verticals news, President Frederick Stanford sold 25,000 shares of i3 Verticals stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $23.47, for a total value of $586,750.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory S. Daily acquired 84,800 shares of i3 Verticals stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $23.49 per share, for a total transaction of $1,991,952.00. The disclosure for this purchase can be found here. 56.20% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC increased its stake in i3 Verticals by 73.1% in the 1st quarter. Confluence Investment Management LLC now owns 264,770 shares of the company’s stock worth $6,359,000 after acquiring an additional 111,781 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in i3 Verticals by 291.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 54,100 shares of the company’s stock worth $1,299,000 after acquiring an additional 40,274 shares during the last quarter. Spark Investment Management LLC increased its stake in i3 Verticals by 138.4% in the 1st quarter. Spark Investment Management LLC now owns 98,710 shares of the company’s stock worth $2,371,000 after acquiring an additional 57,310 shares during the last quarter. Northern Trust Corp increased its stake in i3 Verticals by 0.8% in the 4th quarter. Northern Trust Corp now owns 97,259 shares of the company’s stock worth $2,344,000 after acquiring an additional 794 shares during the last quarter. Finally, BlackRock Inc. increased its stake in i3 Verticals by 18.7% in the 4th quarter. BlackRock Inc. now owns 692,845 shares of the company’s stock worth $16,696,000 after acquiring an additional 109,385 shares during the last quarter. 33.08% of the stock is currently owned by institutional investors and hedge funds.

IIIV has been the topic of a number of research analyst reports. Zacks Investment Research cut i3 Verticals from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 6th. ValuEngine cut i3 Verticals from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, BTIG Research reissued a “buy” rating and issued a $31.00 price target (up from $27.00) on shares of i3 Verticals in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. i3 Verticals presently has an average rating of “Buy” and an average price target of $26.60.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.

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Earnings History for i3 Verticals (NASDAQ:IIIV)

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