Insider Buying: i3 Verticals Inc (NASDAQ:IIIV) CEO Purchases 84,800 Shares of Stock

i3 Verticals Inc (NASDAQ:IIIV) CEO Gregory S. Daily acquired 84,800 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $23.49 per share, for a total transaction of $1,991,952.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of IIIV traded down $0.15 during midday trading on Wednesday, reaching $23.38. The company had a trading volume of 151,038 shares, compared to its average volume of 120,021. i3 Verticals Inc has a 1-year low of $13.79 and a 1-year high of $27.88. The company has a market capitalization of $614.99 million and a PE ratio of 41.75. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Monday, May 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). i3 Verticals had a positive return on equity of 14.70% and a negative net margin of 0.19%. The company had revenue of $31.40 million during the quarter, compared to analyst estimates of $29.79 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts anticipate that i3 Verticals Inc will post 0.73 earnings per share for the current fiscal year.



Separately, Zacks Investment Research lowered i3 Verticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. i3 Verticals presently has an average rating of “Buy” and a consensus price target of $24.83.

Several institutional investors and hedge funds have recently modified their holdings of IIIV. Bank of New York Mellon Corp purchased a new stake in shares of i3 Verticals during the third quarter valued at $416,000. TIAA CREF Investment Management LLC purchased a new stake in shares of i3 Verticals during the third quarter valued at $473,000. Vanguard Group Inc. boosted its stake in shares of i3 Verticals by 333.9% during the third quarter. Vanguard Group Inc. now owns 216,963 shares of the company’s stock valued at $4,986,000 after purchasing an additional 166,963 shares during the period. Vanguard Group Inc boosted its stake in shares of i3 Verticals by 333.9% during the third quarter. Vanguard Group Inc now owns 216,963 shares of the company’s stock valued at $4,986,000 after purchasing an additional 166,963 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of i3 Verticals during the third quarter valued at $27,000. 32.94% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://dakotafinancialnews.com/2019/06/13/insider-buying-i3-verticals-inc-nasdaqiiiv-ceo-purchases-84800-shares-of-stock.html.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses 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.

Further Reading: How Do Mutual Funds Work?

Receive News & Ratings for i3 Verticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for i3 Verticals and related companies with MarketBeat.com's FREE daily email newsletter.