i3 Verticals (NASDAQ:IIIV) Updates FY 2022 Earnings Guidance

i3 Verticals (NASDAQ:IIIVGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $1.40-$1.47 for the period, compared to the consensus earnings per share estimate of $1.41. The company issued revenue guidance of $300.00 million-$312.00 million, compared to the consensus revenue estimate of $299.53 million.

Several research firms have recently weighed in on IIIV. TheStreet raised i3 Verticals from a d+ rating to a c- rating in a research report on Wednesday, March 16th. Morgan Stanley raised their target price on i3 Verticals from $24.50 to $26.50 and gave the company an equal weight rating in a research note on Thursday, February 10th. BTIG Research reduced their target price on i3 Verticals from $42.00 to $31.00 and set a buy rating for the company in a research note on Wednesday, January 26th. Finally, Zacks Investment Research downgraded i3 Verticals from a buy rating to a hold rating in a research note on Wednesday, May 18th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, i3 Verticals has an average rating of Buy and an average target price of $30.70.

Shares of NASDAQ IIIV opened at $23.53 on Monday. i3 Verticals has a twelve month low of $17.80 and a twelve month high of $32.97. The stock’s 50 day moving average price is $26.38 and its 200-day moving average price is $24.19. The company has a market capitalization of $759.60 million, a PE ratio of -36.77, a PEG ratio of 2.44 and a beta of 1.40. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.00.

i3 Verticals (NASDAQ:IIIVGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.26. i3 Verticals had a positive return on equity of 8.01% and a negative net margin of 4.87%. During the same period in the prior year, the firm posted $0.14 EPS. As a group, research analysts expect that i3 Verticals will post 0.55 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its holdings in shares of i3 Verticals by 227.5% in the 4th quarter. Legal & General Group Plc now owns 25,597 shares of the company’s stock worth $583,000 after purchasing an additional 17,780 shares during the period. Rhumbline Advisers raised its holdings in shares of i3 Verticals by 12.7% in the 1st quarter. Rhumbline Advisers now owns 20,658 shares of the company’s stock worth $576,000 after purchasing an additional 2,325 shares during the period. Sei Investments Co. raised its holdings 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 worth $466,000 after purchasing an additional 1,492 shares during the period. Credit Suisse AG raised its holdings in i3 Verticals by 12.2% during the 4th quarter. Credit Suisse AG now owns 14,819 shares of the company’s stock valued at $337,000 after acquiring an additional 1,615 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in i3 Verticals by 56.3% during 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 during the period. 65.21% of the stock is currently owned by institutional investors.

i3 Verticals Company Profile (Get Rating)

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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