i3 Verticals (NASDAQ:IIIV) released its quarterly earnings results on Thursday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01), Morningstar.com reports. The firm had revenue of $28.10 million for the quarter, compared to analyst estimates of $29.64 million.
i3 Verticals stock opened at $22.53 on Friday. The company has a market capitalization of $527.78 million and a price-to-earnings ratio of 40.23. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. i3 Verticals has a twelve month low of $13.79 and a twelve month high of $25.50.
A number of institutional investors have recently added to or reduced their stakes in IIIV. American International Group Inc. acquired a new position in i3 Verticals in the 3rd quarter valued at approximately $118,000. Russell Investments Group Ltd. acquired a new position in i3 Verticals in the 2nd quarter valued at approximately $149,000. Teachers Advisors LLC acquired a new position in i3 Verticals in the 3rd quarter valued at approximately $232,000. Gabelli Funds LLC acquired a new position in i3 Verticals in the 3rd quarter valued at approximately $253,000. Finally, Raymond James & Associates acquired a new position in i3 Verticals in the 2nd quarter valued at approximately $283,000. Hedge funds and other institutional investors own 23.45% of the company’s stock.
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i3 Verticals Company Profile
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses (SMBs) and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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