i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) CEO Gregory S. Daily acquired 22,377 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was purchased at an average price of $21.90 per share, for a total transaction of $490,056.30. Following the acquisition, the chief executive officer now directly owns 134,800 shares in the company, valued at approximately $2,952,120. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
i3 Verticals Price Performance
Shares of NASDAQ IIIV opened at $23.32 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.24. i3 Verticals, Inc. has a twelve month low of $18.59 and a twelve month high of $30.83. The stock has a 50 day moving average of $23.78 and a two-hundred day moving average of $24.68. The stock has a market cap of $774.92 million, a P/E ratio of -70.66, a P/E/G ratio of 2.19 and a beta of 1.39.
i3 Verticals (NASDAQ:IIIV – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. i3 Verticals had a positive return on equity of 9.35% and a negative net margin of 2.14%. The business had revenue of $93.87 million during the quarter, compared to analysts’ expectations of $91.02 million. On average, research analysts forecast that i3 Verticals, Inc. will post 0.87 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Institutional Trading of i3 Verticals
Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in i3 Verticals by 4.2% in the fourth quarter. JPMorgan Chase & Co. now owns 13,010 shares of the company’s stock valued at $317,000 after purchasing an additional 530 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of i3 Verticals by 2.3% during the first quarter. California State Teachers Retirement System now owns 28,787 shares of the company’s stock valued at $706,000 after acquiring an additional 648 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of i3 Verticals by 5.9% during the first quarter. Squarepoint Ops LLC now owns 12,507 shares of the company’s stock valued at $307,000 after acquiring an additional 702 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of i3 Verticals by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 58,823 shares of the company’s stock valued at $1,432,000 after acquiring an additional 990 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of i3 Verticals by 8.6% during the third quarter. Alliancebernstein L.P. now owns 12,600 shares of the company’s stock valued at $252,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 61.77% of the company’s stock.
i3 Verticals Company Profile
i3 Verticals, Inc is a holding company, which engages in the provision of payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. It operates through the following segments: Merchant Services, Software and Services, and Others. The Merchant Services segment offers payment solutions to businesses and organizations.
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