i3 Verticals (NASDAQ:IIIV) Given New $26.00 Price Target at KeyCorp

i3 Verticals (NASDAQ:IIIV) had its price objective hoisted by KeyCorp from $23.00 to $26.00 in a report released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

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

i3 Verticals Trading Down 1.3 %

IIIV stock opened at $23.15 on Monday. The business has a fifty day simple moving average of $22.31 and a 200-day simple moving average of $20.78. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.85. i3 Verticals has a 52 week low of $17.54 and a 52 week high of $25.70. The company has a market cap of $772.58 million, a price-to-earnings ratio of -330.71 and a beta of 1.57.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. The firm had revenue of $91.99 million during the quarter, compared to analysts’ expectations of $92.92 million. On average, equities research analysts expect that i3 Verticals will post 0.95 EPS for the current year.

Hedge Funds Weigh In On i3 Verticals

Several large investors have recently modified their holdings of IIIV. Assenagon Asset Management S.A. acquired a new stake in i3 Verticals during the third quarter worth about $6,807,000. Boston Partners acquired a new stake in i3 Verticals during the third quarter worth about $978,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of i3 Verticals by 4.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 90,276 shares of the company’s stock valued at $1,911,000 after purchasing an additional 3,904 shares during the period. Raymond James & Associates increased its stake in shares of i3 Verticals by 28.7% in the third quarter. Raymond James & Associates now owns 77,660 shares of the company’s stock valued at $1,642,000 after purchasing an additional 17,297 shares during the period. Finally, Heartland Advisors Inc. increased its stake in shares of i3 Verticals by 4.9% in the third quarter. Heartland Advisors Inc. now owns 537,310 shares of the company’s stock valued at $11,359,000 after purchasing an additional 25,160 shares during the period. Institutional investors 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.