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. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support. Its payment processing services enable clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks. The company also licenses software; and provides ongoing support, and other point of sale-related solutions. It offers its solutions to clients through direct sales force; distribution partners, including independent software vendors, value-added resellers, and independent sales organizations; and referral partners, such as financial institutions, trade associations, chambers of commerce, and card issuers. The company was founded in 2012 and is headquartered in Nashville, Tennessee.
IPO Year: 2018
Exchange: NASDAQ
Website: i3verticals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2024 | $28.00 | Buy | The Benchmark Company |
| 12/5/2023 | $24.00 | Market Perform | BMO Capital Markets |
| 7/11/2023 | $30.00 | Buy | Berenberg |
| 5/23/2023 | $28.00 | Buy | BTIG Research |
| 1/9/2023 | $30.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 6/10/2022 | $30.00 | Overweight | Stephens |
| 2/10/2022 | $24.50 → $26.50 | Equal-Weight | Morgan Stanley |
| 1/26/2022 | $42.00 → $31.00 | Buy | BTIG Research |
| 1/14/2022 | Overweight → Sector Weight | Keybanc | |
| 11/19/2021 | $34.00 → $24.50 | Equal-Weight | Morgan Stanley |
Company Reaffirms 2025 Outlook i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal fourth quarter and year ended September 30, 2024. Highlights from continuing operations1 for the fiscal fourth quarter and full fiscal year of 2024 vs. 2023 Fourth quarter revenue from continuing operations was $60.9 million, an increase of 3.9% over the prior year's fourth quarter; full year revenue from continuing operations was $229.9 million, an increase of 1.4% over the prior year. Fourth quarter net income from continuing operations was $7.0 million, compared to a net loss from continuing operations of $1.2 million in the prior
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the fourth quarter ended September 30, 2024, on Monday, November 18, 2024, after the Nasdaq market close. The Company will also host a conference call on Tuesday, November 19, 2024, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on November 19, 2024, through November 26, 2024, by dialing (877) 344-7529 and entering Confirmation Code 4184020. To listen to
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that 12 new Georgia municipal police departments and courts adopted the i3 JusticeTech® Law Enforcement and Court Software suite, growing the presence of the Company's Public Sector vertical in the state. This software suite streamlines processes, enables courts to manage the collection of fees and fines, and provides the tools for officers, administrators and court personnel to complete tasks effectively. In addition to modernizing the police department and court systems, the digital tracking and record access features in i3's software solution improves service delivery. "We are thrilled to welcome these pu
Announces Chief Financial Officer Transition and Appointment of Chief Strategy Officer i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Payroc WorldAccess, LLC ("Payroc"), a leading omni-channel payments provider, today announced the closing of the previously announced sale of i3 Verticals' merchant services business, including its associated proprietary technology, to Payroc. The purchase price paid at closing to the Company was approximately $438 million in cash (after giving effect to estimated purchase price adjustments), subject to post-closing purchase price adjustments. Greg Daily, Chairman and CEO of i3 Verticals stated, "This completed transaction marks a s
Completes Public Sector Acquisition Authorizes $50 Million Share Repurchase Program i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal third quarter ended June 30, 2024. Highlights for the three and nine months ended June 30, 2024 vs. 2023 from continuing operations1 Third quarter revenue from continuing operations was $56.0 million, a decrease of 2% over the prior year's third quarter. Revenue from continuing operations for the nine months ended June 30, 2024, was $169.1 million, an increase of 1% over the prior year's first nine months. Third quarter net loss from continuing operations was $13.8 million, compa
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the third quarter ended June 30, 2024, on Thursday, August 8, 2024, after the Nasdaq market close. The Company will also host a conference call on Friday, August 9, 2024, at 8:30 a.m. EDT to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. EDT on August 9, 2024, through August 16, 2024, by dialing (877) 344-7529 and entering Confirmation Code 2697756. To listen to the call li
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Payroc WorldAccess, LLC ("Payroc"), a leading omni-channel payments provider, today announced that the companies have entered into a definitive agreement whereby Payroc will acquire i3 Verticals' merchant of record payments business, including its associated proprietary technology (the "divested business"), in an all-cash transaction for $440 million, subject to certain purchase price adjustments. Greg Daily, Chairman and CEO of i3 Verticals stated, "i3 began as a payments business, and we built a top-of-the-line merchant of record payment platform bringing a wide variety of solutions to third-party partners and softw
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal second quarter ended March 31, 2024. Highlights for the second quarter and six months ended March 31, 2024 vs. 2023 Second quarter revenue was $94.5 million, an increase of 0.7% over the prior year's second quarter. Revenue for the six months ended March 31, 2024, was $186.5 million, an increase of 3.7% over the prior year's first six months. Second quarter net income was $3.3 million, compared to net loss of $0.2 million in the prior year's second quarter. Net income for the six months ended March 31, 2024, was $4.9 million, compared to a net loss of $23 thousand i
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the second quarter ended March 31, 2024, on Friday, May 10, before the Nasdaq market open. The Company will also host a conference call on Friday, May 10, 2024, at 9:00 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 12:00 p.m. ET on May 10, 2024, through May 17, 2024, by dialing (877) 344-7529 and entering Confirmation Code 6854757. To listen to the call live via webcast, p
Company to Explore Sale of Its Merchant Services Business i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal first quarter ended December 31, 2023. Highlights for the three months ended December 31, 2023 vs. 2022 Revenue was $92.0 million, an increase of 6.9% over the prior year's first quarter. Net income was $1.5 million, compared to net income of $0.2 million in the prior year's first quarter. Net income attributable to i3 Verticals, Inc. was $1.1 million, compared to net loss attributable to i3 Verticals, Inc. of $0.2 million in the prior year's first quarter. Adjusted EBITDA1 was $25.2 million, an incre
Company Reaffirms 2025 Outlook i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal fourth quarter and year ended September 30, 2024. Highlights from continuing operations1 for the fiscal fourth quarter and full fiscal year of 2024 vs. 2023 Fourth quarter revenue from continuing operations was $60.9 million, an increase of 3.9% over the prior year's fourth quarter; full year revenue from continuing operations was $229.9 million, an increase of 1.4% over the prior year. Fourth quarter net income from continuing operations was $7.0 million, compared to a net loss from continuing operations of $1.2 million in the prior
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the fourth quarter ended September 30, 2024, on Monday, November 18, 2024, after the Nasdaq market close. The Company will also host a conference call on Tuesday, November 19, 2024, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on November 19, 2024, through November 26, 2024, by dialing (877) 344-7529 and entering Confirmation Code 4184020. To listen to
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV) announced today that 12 new Georgia municipal police departments and courts adopted the i3 JusticeTech® Law Enforcement and Court Software suite, growing the presence of the Company's Public Sector vertical in the state. This software suite streamlines processes, enables courts to manage the collection of fees and fines, and provides the tools for officers, administrators and court personnel to complete tasks effectively. In addition to modernizing the police department and court systems, the digital tracking and record access features in i3's software solution improves service delivery. "We are thrilled to welcome these pu
Completes Public Sector Acquisition Authorizes $50 Million Share Repurchase Program i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal third quarter ended June 30, 2024. Highlights for the three and nine months ended June 30, 2024 vs. 2023 from continuing operations1 Third quarter revenue from continuing operations was $56.0 million, a decrease of 2% over the prior year's third quarter. Revenue from continuing operations for the nine months ended June 30, 2024, was $169.1 million, an increase of 1% over the prior year's first nine months. Third quarter net loss from continuing operations was $13.8 million, compa
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the third quarter ended June 30, 2024, on Thursday, August 8, 2024, after the Nasdaq market close. The Company will also host a conference call on Friday, August 9, 2024, at 8:30 a.m. EDT to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. EDT on August 9, 2024, through August 16, 2024, by dialing (877) 344-7529 and entering Confirmation Code 2697756. To listen to the call li
i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Payroc WorldAccess, LLC ("Payroc"), a leading omni-channel payments provider, today announced that the companies have entered into a definitive agreement whereby Payroc will acquire i3 Verticals' merchant of record payments business, including its associated proprietary technology (the "divested business"), in an all-cash transaction for $440 million, subject to certain purchase price adjustments. Greg Daily, Chairman and CEO of i3 Verticals stated, "i3 began as a payments business, and we built a top-of-the-line merchant of record payment platform bringing a wide variety of solutions to third-party partners and softw
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal second quarter ended March 31, 2024. Highlights for the second quarter and six months ended March 31, 2024 vs. 2023 Second quarter revenue was $94.5 million, an increase of 0.7% over the prior year's second quarter. Revenue for the six months ended March 31, 2024, was $186.5 million, an increase of 3.7% over the prior year's first six months. Second quarter net income was $3.3 million, compared to net loss of $0.2 million in the prior year's second quarter. Net income for the six months ended March 31, 2024, was $4.9 million, compared to a net loss of $23 thousand i
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the second quarter ended March 31, 2024, on Friday, May 10, before the Nasdaq market open. The Company will also host a conference call on Friday, May 10, 2024, at 9:00 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 12:00 p.m. ET on May 10, 2024, through May 17, 2024, by dialing (877) 344-7529 and entering Confirmation Code 6854757. To listen to the call live via webcast, p
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that it will release its financial results for the first quarter ended December 31, 2023, on Thursday, February 8, 2024, after the Nasdaq market close. The Company will host a conference call on Friday, February 9, 2024, at 8:30 a.m. ET to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. ET on February 9, 2024, through February 16, 2024, by dialing (877) 344-7529 and entering Confirmation Code 4184683. To listen to the ca
Introduces 2024 Outlook i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company") today reported its financial results for the fiscal fourth quarter and year ended September 30, 2023. Highlights for the fiscal fourth quarter and full fiscal year of 2023 vs. 2022 Fourth quarter revenue was $96.4 million, an increase of 13.1% over the prior year's fourth quarter; full year revenue was $370.2 million, an increase of 16.5% over the prior year. Fourth quarter net income was $3.4 million, compared to a net loss of $4.4 million in the prior year's fourth quarter. Net loss for the year ended September 30, 2023, was $2.7 million, compared to a net loss of $23.2 million for the yea
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
10-Q - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
10-Q - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
8-K - i3 Verticals, Inc. (0001728688) (Filer)
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Announces Chief Financial Officer Transition and Appointment of Chief Strategy Officer i3 Verticals, Inc. ("i3 Verticals" or the "Company") (NASDAQ:IIIV), and Payroc WorldAccess, LLC ("Payroc"), a leading omni-channel payments provider, today announced the closing of the previously announced sale of i3 Verticals' merchant services business, including its associated proprietary technology, to Payroc. The purchase price paid at closing to the Company was approximately $438 million in cash (after giving effect to estimated purchase price adjustments), subject to post-closing purchase price adjustments. Greg Daily, Chairman and CEO of i3 Verticals stated, "This completed transaction marks a s
i3 Verticals, Inc. (NASDAQ:IIIV) ("i3 Verticals" or the "Company"), announced today that Pete Panagakis has been appointed Chief Technology Officer (CTO). In this role, he will serve as the Company's senior-most technology officer, and will help lead the Company's delivery of integrated software and payment solutions to its thousands of customers. He will be responsible for overseeing the Company's technology teams including enterprise-wide software engineering, architecture, infrastructure, cybersecurity, and technology operations. Mr. Panagakis has a deep background in strategic leadership as a technology executive. Most recently, he served as an executive officer with Imperial PFS, a fi
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In the last three months, 4 analysts have published ratings on i3 Verticals (NASDAQ:IIIV), offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $26.75, a high estimate of $29.00, and a low estimate of $24.00. Marking an increase of 7.0%, the current av
Stephens & Co. analyst Charles Nabhan maintains i3 Verticals (NASDAQ:IIIV) with a Overweight and raises the price target from $27 to $29.
The closing is expected to occur sometime in i3 Verticals' fiscal fourth quarter. The divested business includes two non-core assets from i3's Software and Services segment related to the Non-profit and Property Management vertical markets.
BMO Capital analyst Rufus Hone maintains i3 Verticals (NASDAQ:IIIV) with a Market Perform and lowers the price target from $25 to $24.
i3 Verticals (NASDAQ:IIIV) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.38 by 10.53 percent. This is a 10.53 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $94.542 million which missed the analyst consensus estimate of $97.895 million by 3.42 percent. This is a 0.71 percent increase over sales of $93.872 million the same period last year.
During the last three months, 5 analysts shared their evaluations of i3 Verticals (NASDAQ:IIIV), revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 2 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $25.0, a high estimate of $28.00, and a low estimate of $20.00. Observing a 4.17% in
Keybanc analyst Josh Beck maintains i3 Verticals (NASDAQ:IIIV) with a Overweight and raises the price target from $23 to $26.
The Benchmark Company initiated coverage of i3 Verticals with a rating of Buy and set a new price target of $28.00
BMO Capital Markets initiated coverage of i3 Verticals with a rating of Market Perform and set a new price target of $24.00
Berenberg initiated coverage of i3 Verticals with a rating of Buy and set a new price target of $30.00
BTIG Research resumed coverage of i3 Verticals with a rating of Buy and set a new price target of $28.00
KeyBanc Capital Markets upgraded i3 Verticals from Sector Weight to Overweight and set a new price target of $30.00
Stephens initiated coverage of i3 Verticals with a rating of Overweight and set a new price target of $30.00
Morgan Stanley reiterated coverage of i3 Verticals with a rating of Equal-Weight and set a new price target of $26.50 from $24.50 previously
BTIG Research reiterated coverage of i3 Verticals with a rating of Buy and set a new price target of $31.00 from $42.00 previously
Keybanc downgraded i3 Verticals from Overweight to Sector Weight
Morgan Stanley reiterated coverage of i3 Verticals with a rating of Equal-Weight and set a new price target of $24.50 from $34.00 previously
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