i3 Verticals (NASDAQ:IIIV) PT Raised to $26.00 at KeyCorp

i3 Verticals (NASDAQ:IIIV) had its price objective raised by investment analysts at KeyCorp from $23.00 to $26.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 16.44% from the stock’s current price.

IIIV has been the subject of several other research reports. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a research note on Monday, March 18th. Benchmark reiterated a “buy” rating and set a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. BMO Capital Markets dropped their target price on i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a report on Monday, February 12th. Finally, Morgan Stanley cut their target price on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.43.

i3 Verticals Stock Down 0.6 %

Shares of IIIV opened at $22.33 on Monday. The firm has a market cap of $745.15 million, a P/E ratio of -319.00 and a beta of 1.57. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.70. The stock’s 50 day moving average is $22.04 and its two-hundred day moving average is $20.70. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. The company had revenue of $91.99 million for the quarter, compared to analysts’ expectations of $92.92 million. Analysts predict that i3 Verticals will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On i3 Verticals

Several large investors have recently made changes to their positions in the stock. Geneva Capital Management LLC grew its holdings in shares of i3 Verticals by 0.3% in the fourth quarter. Geneva Capital Management LLC now owns 1,887,826 shares of the company’s stock valued at $39,965,000 after purchasing an additional 5,519 shares in the last quarter. BlackRock Inc. raised its stake in shares of i3 Verticals by 0.6% in the second quarter. BlackRock Inc. now owns 1,570,612 shares of the company’s stock valued at $35,904,000 after acquiring an additional 8,933 shares in the last quarter. Wellington Management Group LLP boosted its holdings in i3 Verticals by 27.6% in the first quarter. Wellington Management Group LLP now owns 1,349,231 shares of the company’s stock valued at $37,591,000 after purchasing an additional 291,836 shares during the period. Vanguard Group Inc. grew its stake in i3 Verticals by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 1,295,340 shares of the company’s stock worth $27,422,000 after purchasing an additional 32,761 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its holdings in i3 Verticals by 2.6% during the 4th quarter. Ranger Investment Management L.P. now owns 1,047,985 shares of the company’s stock worth $22,186,000 after purchasing an additional 26,670 shares during the period. 84.22% of the stock is currently owned by institutional investors and hedge funds.

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.