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IIIV

i3 Verticals

$24.49

-1.09 (-4.26%)

16:07
06/03/19
06/03
16:07
06/03/19
16:07

i3 Verticals files to sell 4.49M shares of common stock

IIIV i3 Verticals
$24.49

-1.09 (-4.26%)

07/16/18
RAJA
07/16/18
INITIATION
Target $19
RAJA
Outperform
i3 Verticals initiated with an Outperform at Raymond James
Raymond James analyst John Davis initiated i3 Verticals with an Outperform rating and $19 price target.
10/24/18
DADA
10/24/18
INITIATION
Target $26
DADA
Buy
i3 Verticals initiated with a Buy at DA Davidson
DA Davidson analyst Peter Heckmann initiated i3 Verticals with a Buy rating and a price target of $26, saying the company is "positioned to generate strong growth in revenue and earnings by further penetrating the market for integrated payment and software solutions". The analyst expects i3 Verticals to continue to engage in "accretive acquisitions" and also generate organic growth. Heckmann is also positive on the company's management bringing a "proven track record of building profitable enterprises in the payments space through acquisitions" along with its solid balance sheet and growing free cash flows.
12/11/18
BTIG
12/11/18
INITIATION
Target $27
BTIG
Buy
i3 Verticals initiated with a Buy at BTIG
BTIG analyst Mark Palmer initiated i3 Verticals with a Buy rating and a price target of $27. The analyst cites the company's focus on "attractive payment verticals" in its acquisitions since 2012 within the "large and growing" markets of education, non-profit, public sector, property management and healthcare. Palmer sees i3 Verticals faced with less competition in these markets and expects it to continue generating business wins based on its "ability to tailor embedded payment capabilities to the market-specific needs of its clients".
03/19/19
KEYB
03/19/19
DOWNGRADE
KEYB
Sector Weight
Worldpay downgraded to Sector Weight after Fiserv deal at KeyBanc
As previously reported, KeyBanc analyst Josh Beck downgraded Worldpay (WP) to Sector Weight from Overweight after the company and FIS (FIS) announced a deal, quickly adding another mega-deal in the wake of Fiserv (FISV)-First Data (FDC) and Global Payments (GPN)-Heartland Payment Systems. The analyst thinks this transaction is likely to expand the M&A discussion around Global Payments, TSYS (TSS), EVO Payments (EVOP), and i3 Verticals (IIIV) and sees paths to accretion should management teams further endorse a scale strategy. Future processing competition could increase among Global Payments, TSYS, First Data, and JPMorgan (JPM), but it remains too early to gauge, he contends.

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