i3 Verticals (IIIV) to Release Earnings on Monday

i3 Verticals (NASDAQ:IIIV – Get Rating) will be posting its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect i3 Verticals to post earnings of $0.36 per share for the quarter. i3 Verticals has set its FY 2022 guidance at $1.40-$1.47 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

i3 Verticals (NASDAQ:IIIV – Get Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.12. i3 Verticals had a positive return on equity of 8.01% and a negative net margin of 4.87%. The business had revenue of $78.12 million during the quarter, compared to analysts’ expectations of $71.45 million. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, analysts expect i3 Verticals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

i3 Verticals Price Performance

NASDAQ IIIV opened at $29.16 on Friday. i3 Verticals has a twelve month low of $17.80 and a twelve month high of $32.11. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $941.34 million, a PE ratio of -45.56, a P/E/G ratio of 3.05 and a beta of 1.26. The stock has a 50-day simple moving average of $25.33 and a 200 day simple moving average of $25.35.

Insider Buying and Selling

In other i3 Verticals news, CTO Robert Bertke sold 2,324 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $24.72, for a total value of $57,449.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.90% of the stock is owned by insiders.

Hedge Funds Weigh In On i3 Verticals

Several large investors have recently added to or reduced their stakes in IIIV. Raymond James & Associates raised its holdings in i3 Verticals by 67.9% in the 1st quarter. Raymond James & Associates now owns 121,099 shares of the company’s stock valued at $3,374,000 after acquiring an additional 48,980 shares in the last quarter. MetLife Investment Management LLC raised its holdings in i3 Verticals by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 11,069 shares of the company’s stock valued at $308,000 after acquiring an additional 3,987 shares in the last quarter. Rhumbline Advisers grew its stake in shares of i3 Verticals by 12.7% in the 1st quarter. Rhumbline Advisers now owns 20,658 shares of the company’s stock valued at $576,000 after purchasing an additional 2,325 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of i3 Verticals by 28.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 261,186 shares of the company’s stock valued at $7,277,000 after purchasing an additional 57,078 shares during the period. Finally, Sei Investments Co. grew its stake in shares of i3 Verticals by 10.7% in the 1st quarter. Sei Investments Co. now owns 15,397 shares of the company’s stock valued at $466,000 after purchasing an additional 1,492 shares during the period. Institutional investors and hedge funds own 65.21% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens initiated coverage on i3 Verticals in a research report on Thursday, June 9th. They set an “overweight” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, i3 Verticals currently has an average rating of “Buy” and a consensus target price of $31.50.

i3 Verticals Company Profile

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i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.

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