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i3 Verticals upgraded to Buy from Neutral at BTIG » 07:57
08/11/20
08/11
07:57
08/11/20
07:57
IIIV

i3 Verticals

$24.94 /

-0.99 (-3.82%)

BTIG analyst Mark Palmer…

BTIG analyst Mark Palmer upgraded i3 Verticals to Buy from Neutral with a $33 price target after its Q3 earnings beat. The analyst notes that the quarter highlights payment volume rebound across most verticals, along with a boost from accelerated adoption of digital payments and the company's B2B payment exposure. Palmer adds that Q3 showcased the resilience of i3 Verticals' payment platform amid the COVID-19 pandemic, with its volumes having recovered from the impact of the crisis quicker than anticipated. The stock offers an "attractive way" to play the accelerated demand for digital payments, the analyst tells investors in a research note.

ShowHide Related Items >><<
IIIV i3 Verticals
$24.94 /

-0.99 (-3.82%)

06/19/20 Cowen
i3 Verticals price target raised to $34 from $27 at Cowen
06/17/20 BTIG
i3 Verticals downgraded to Neutral from Buy at BTIG
03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
IIIV i3 Verticals
$24.94 /

-0.99 (-3.82%)

Monday
Earnings
i3 Verticals reports Q3 adjusted EPS 13c, consensus 6c » 16:17
08/10/20
08/10
16:17
08/10/20
16:17
IIIV

i3 Verticals

$24.94 /

-0.99 (-3.82%)

Reports Q3 revenue…

Reports Q3 revenue $31.6M, consensus $26.78M. Greg Daily, Chairman and CEO of i3 Verticals, commented, "We are pleased with our third quarter results, especially in light of the COVID-19 pandemic. We saw a sharp decrease in our processing volume during the second half of March, and our education vertical was particularly affected by school closures. Despite the volume decreases and school closures, our payment volume and financial results in our other verticals began to steadily recover throughout the third quarter as restrictions across the country eased. We are proud of how our team members supported each other and our customers during this challenging time, and we believe we are well positioned going forward."

ShowHide Related Items >><<
IIIV i3 Verticals
$24.94 /

-0.99 (-3.82%)

06/19/20 Cowen
i3 Verticals price target raised to $34 from $27 at Cowen
06/17/20 BTIG
i3 Verticals downgraded to Neutral from Buy at BTIG
03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
IIIV i3 Verticals
$24.94 /

-0.99 (-3.82%)

Over a month ago
Conference/Events
Wedbush payments/IT services analyst to hold analyst/industry conference call » 09:55
06/19/20
06/19
09:55
06/19/20
09:55
PYPL

PayPal

$168.88 /

+0.87 (+0.52%)

, WP

Worldpay

$134.99 /

+ (+0.00%)

, GPN

Global Payments

$183.48 /

+2.77 (+1.53%)

, TSS

TSYS

$132.86 /

+ (+0.00%)

, FDC

First Data

$31.26 /

+ (+0.00%)

, EVOP

EVO Payments

$24.47 /

+0.31 (+1.28%)

, IIIV

i3 Verticals

$29.67 /

+ (+0.00%)

Payments/IT Services…

Payments/IT Services Analyst Katri, along with Chris Maddern, Venmo's former Head of Mobile, discusses PayPal's monetization initiatives during and post the COVID-19 era on an Analyst/Industry conference call to be held on June 19 at 10:30 am.

ShowHide Related Items >><<
PYPL PayPal
$168.88 /

+0.87 (+0.52%)

GPN Global Payments
$183.48 /

+2.77 (+1.53%)

EVOP EVO Payments
$24.47 /

+0.31 (+1.28%)

PYPL PayPal
$168.88 /

+0.87 (+0.52%)

06/18/20 Susquehanna
PayPal price target raised to $190 from $150 at Susquehanna
06/18/20 Citi
PayPal price target raised to $186 from $145 at Citi
06/16/20 Baird
PayPal price target raised to $175 from $153 at Baird
06/02/20 Deutsche Bank
PayPal price target raised to $183 from $147 at Deutsche Bank
WP Worldpay
$134.99 /

+ (+0.00%)

02/14/20 Canaccord
FIS price target raised to $178 from $151 at Canaccord
01/29/20 Oppenheimer
FIS price target raised to $165 from $148 at Oppenheimer
07/31/19 Berenberg
FIS initiated with a Buy at Berenberg
07/18/19 Jefferies
Worldpay assumed with a Hold at Jefferies
GPN Global Payments
$183.48 /

+2.77 (+1.53%)

06/15/20 Argus
Global Payments initiated with a Buy at Argus
05/07/20 RBC Capital
Global Payments price target raised to $191 from $171 at RBC Capital
05/07/20 Wells Fargo
Global Payments price target raised to $195 from $175 at Wells Fargo
05/07/20 Oppenheimer
Global Payments price target raised to $190 from $180 at Oppenheimer
TSS TSYS
$132.86 /

+ (+0.00%)

03/16/20 Wedbush
Global Payments added to Best Ideas List at Wedbush
02/13/20 Wells Fargo
Global Payments price target raised to $225 from $190 at Wells Fargo
02/05/20 Oppenheimer
Global Payments price target raised to $220 from $192 at Oppenheimer
01/13/20 Wedbush
Global Payments price target raised to $218 from $185 at Wedbush
FDC First Data
$31.26 /

+ (+0.00%)

02/05/20 Oppenheimer
Fiserv price target raised to $140 from $130 at Oppenheimer
10/14/19 UBS
Fiserv initiated with a Buy at UBS
07/31/19 Berenberg
Fiserv initiated with a Buy at Berenberg
07/15/19 Wedbush
Fiserv price target raised to $105 from $95 at Wedbush
EVOP EVO Payments
$24.47 /

+0.31 (+1.28%)

06/05/20 Compass Point
EVO Payments price target raised to $22 from $16 at Compass Point
05/11/20 Truist
EVO Payments price target raised to $26 from $17 at SunTrust
05/11/20 Deutsche Bank
EVO Payments price target lowered to $29 from $33 at Deutsche Bank
04/08/20 Wells Fargo
Alliance Data downgraded to Underweight from Equal Weight at Wells Fargo
IIIV i3 Verticals
$29.67 /

+ (+0.00%)

06/19/20 Cowen
i3 Verticals price target raised to $34 from $27 at Cowen
06/17/20 BTIG
i3 Verticals downgraded to Neutral from Buy at BTIG
03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
PYPL PayPal
$168.88 /

+0.87 (+0.52%)

IIIV i3 Verticals
$29.67 /

+ (+0.00%)

GPN Global Payments
$183.48 /

+2.77 (+1.53%)

EVOP EVO Payments
$24.47 /

+0.31 (+1.28%)

PYPL PayPal
$168.88 /

+0.87 (+0.52%)

PYPL PayPal
$168.88 /

+0.87 (+0.52%)

PYPL PayPal
$168.88 /

+0.87 (+0.52%)

Recommendations
i3 Verticals price target raised to $34 from $27 at Cowen » 07:40
06/19/20
06/19
07:40
06/19/20
07:40
IIIV

i3 Verticals

$29.67 /

-0.49 (-1.62%)

Cowen analyst George…

Cowen analyst George Mihalos raised the firm's price target on i3 Verticals to $34 from $27 and keeps an Outperform rating on the shares. The analyst remains positive on its long-term growth prospects, both organic and inorganic. He expects revenue growth to accelerate after Q3's low-water mark and believes high single-digit organic growth is achievable long-term.

ShowHide Related Items >><<
IIIV i3 Verticals
$29.67 /

-0.49 (-1.62%)

06/17/20 BTIG
i3 Verticals downgraded to Neutral from Buy at BTIG
03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
IIIV i3 Verticals
$29.67 /

-0.49 (-1.62%)

Conference/Events
Wedbush payments/IT services analyst to hold analyst/industry conference call » 04:55
06/19/20
06/19
04:55
06/19/20
04:55
PYPL

PayPal

$168.01 /

+3.96 (+2.41%)

, WP

Worldpay

$134.99 /

+ (+0.00%)

, GPN

Global Payments

$180.71 /

-0.37 (-0.20%)

, TSS

TSYS

$132.86 /

+ (+0.00%)

, FDC

First Data

$31.26 /

+ (+0.00%)

, EVOP

EVO Payments

$24.16 /

+0.41 (+1.73%)

, IIIV

i3 Verticals

$29.67 /

-0.49 (-1.62%)

Payments/IT Services…

Payments/IT Services Analyst Katri, along with Chris Maddern, Venmo's former Head of Mobile, discusses PayPal's monetization initiatives during and post the COVID-19 era on an Analyst/Industry conference call to be held on June 19 at 10:30 am.

ShowHide Related Items >><<
PYPL PayPal
$168.01 /

+3.96 (+2.41%)

GPN Global Payments
$180.71 /

-0.37 (-0.20%)

EVOP EVO Payments
$24.16 /

+0.41 (+1.73%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

06/18/20 Susquehanna
PayPal price target raised to $190 from $150 at Susquehanna
06/18/20 Citi
PayPal price target raised to $186 from $145 at Citi
06/16/20 Baird
PayPal price target raised to $175 from $153 at Baird
06/02/20 Deutsche Bank
PayPal price target raised to $183 from $147 at Deutsche Bank
WP Worldpay
$134.99 /

+ (+0.00%)

02/14/20 Canaccord
FIS price target raised to $178 from $151 at Canaccord
01/29/20 Oppenheimer
FIS price target raised to $165 from $148 at Oppenheimer
07/31/19 Berenberg
FIS initiated with a Buy at Berenberg
07/18/19 Jefferies
Worldpay assumed with a Hold at Jefferies
GPN Global Payments
$180.71 /

-0.37 (-0.20%)

06/15/20 Argus
Global Payments initiated with a Buy at Argus
05/07/20 RBC Capital
Global Payments price target raised to $191 from $171 at RBC Capital
05/07/20 Wells Fargo
Global Payments price target raised to $195 from $175 at Wells Fargo
05/07/20 Oppenheimer
Global Payments price target raised to $190 from $180 at Oppenheimer
TSS TSYS
$132.86 /

+ (+0.00%)

03/16/20 Wedbush
Global Payments added to Best Ideas List at Wedbush
02/13/20 Wells Fargo
Global Payments price target raised to $225 from $190 at Wells Fargo
02/05/20 Oppenheimer
Global Payments price target raised to $220 from $192 at Oppenheimer
01/13/20 Wedbush
Global Payments price target raised to $218 from $185 at Wedbush
FDC First Data
$31.26 /

+ (+0.00%)

02/05/20 Oppenheimer
Fiserv price target raised to $140 from $130 at Oppenheimer
10/14/19 UBS
Fiserv initiated with a Buy at UBS
07/31/19 Berenberg
Fiserv initiated with a Buy at Berenberg
07/15/19 Wedbush
Fiserv price target raised to $105 from $95 at Wedbush
EVOP EVO Payments
$24.16 /

+0.41 (+1.73%)

06/05/20 Compass Point
EVO Payments price target raised to $22 from $16 at Compass Point
05/11/20 Truist
EVO Payments price target raised to $26 from $17 at SunTrust
05/11/20 Deutsche Bank
EVO Payments price target lowered to $29 from $33 at Deutsche Bank
04/08/20 Wells Fargo
Alliance Data downgraded to Underweight from Equal Weight at Wells Fargo
IIIV i3 Verticals
$29.67 /

-0.49 (-1.62%)

06/17/20 BTIG
i3 Verticals downgraded to Neutral from Buy at BTIG
03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
PYPL PayPal
$168.01 /

+3.96 (+2.41%)

IIIV i3 Verticals
$29.67 /

-0.49 (-1.62%)

GPN Global Payments
$180.71 /

-0.37 (-0.20%)

EVOP EVO Payments
$24.16 /

+0.41 (+1.73%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

Conference/Events
Wedbush payments/IT services analyst to hold analyst/industry conference call » 16:51
06/18/20
06/18
16:51
06/18/20
16:51
PYPL

PayPal

$168.01 /

+3.96 (+2.41%)

, WP

Worldpay

$134.99 /

+ (+0.00%)

, GPN

Global Payments

$180.71 /

-0.37 (-0.20%)

, TSS

TSYS

$132.86 /

+ (+0.00%)

, FDC

First Data

$31.26 /

+ (+0.00%)

, EVOP

EVO Payments

$24.16 /

+0.41 (+1.73%)

, IIIV

i3 Verticals

$29.67 /

-0.49 (-1.62%)

Payments/IT Services…

Payments/IT Services Analyst Katri, along with Chris Maddern, Venmo's former Head of Mobile, discusses PayPal's monetization initiatives during and post the COVID-19 era on an Analyst/Industry conference call to be held on June 19 at 10:30 am.

ShowHide Related Items >><<
PYPL PayPal
$168.01 /

+3.96 (+2.41%)

GPN Global Payments
$180.71 /

-0.37 (-0.20%)

EVOP EVO Payments
$24.16 /

+0.41 (+1.73%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

06/18/20 Susquehanna
PayPal price target raised to $190 from $150 at Susquehanna
06/18/20 Citi
PayPal price target raised to $186 from $145 at Citi
06/16/20 Baird
PayPal price target raised to $175 from $153 at Baird
06/02/20 Deutsche Bank
PayPal price target raised to $183 from $147 at Deutsche Bank
WP Worldpay
$134.99 /

+ (+0.00%)

02/14/20 Canaccord
FIS price target raised to $178 from $151 at Canaccord
01/29/20 Oppenheimer
FIS price target raised to $165 from $148 at Oppenheimer
07/31/19 Berenberg
FIS initiated with a Buy at Berenberg
07/18/19 Jefferies
Worldpay assumed with a Hold at Jefferies
GPN Global Payments
$180.71 /

-0.37 (-0.20%)

06/15/20 Argus
Global Payments initiated with a Buy at Argus
05/07/20 RBC Capital
Global Payments price target raised to $191 from $171 at RBC Capital
05/07/20 Wells Fargo
Global Payments price target raised to $195 from $175 at Wells Fargo
05/07/20 Oppenheimer
Global Payments price target raised to $190 from $180 at Oppenheimer
TSS TSYS
$132.86 /

+ (+0.00%)

03/16/20 Wedbush
Global Payments added to Best Ideas List at Wedbush
02/13/20 Wells Fargo
Global Payments price target raised to $225 from $190 at Wells Fargo
02/05/20 Oppenheimer
Global Payments price target raised to $220 from $192 at Oppenheimer
01/13/20 Wedbush
Global Payments price target raised to $218 from $185 at Wedbush
FDC First Data
$31.26 /

+ (+0.00%)

02/05/20 Oppenheimer
Fiserv price target raised to $140 from $130 at Oppenheimer
10/14/19 UBS
Fiserv initiated with a Buy at UBS
07/31/19 Berenberg
Fiserv initiated with a Buy at Berenberg
07/15/19 Wedbush
Fiserv price target raised to $105 from $95 at Wedbush
EVOP EVO Payments
$24.16 /

+0.41 (+1.73%)

06/05/20 Compass Point
EVO Payments price target raised to $22 from $16 at Compass Point
05/11/20 Truist
EVO Payments price target raised to $26 from $17 at SunTrust
05/11/20 Deutsche Bank
EVO Payments price target lowered to $29 from $33 at Deutsche Bank
04/08/20 Wells Fargo
Alliance Data downgraded to Underweight from Equal Weight at Wells Fargo
IIIV i3 Verticals
$29.67 /

-0.49 (-1.62%)

06/17/20 BTIG
i3 Verticals downgraded to Neutral from Buy at BTIG
03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
PYPL PayPal
$168.01 /

+3.96 (+2.41%)

IIIV i3 Verticals
$29.67 /

-0.49 (-1.62%)

GPN Global Payments
$180.71 /

-0.37 (-0.20%)

EVOP EVO Payments
$24.16 /

+0.41 (+1.73%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

PYPL PayPal
$168.01 /

+3.96 (+2.41%)

Downgrade
i3 Verticals downgraded to Neutral from Buy at BTIG » 18:00
06/17/20
06/17
18:00
06/17/20
18:00
IIIV

i3 Verticals

$30.16 /

-0.26 (-0.85%)

BTIG analyst Mark Palmer…

BTIG analyst Mark Palmer downgraded i3 Verticals to Neutral from Buy and removed his price target of $30 after the company's share price exceeded that level. Palmer noted that shares of i3 Verticals have appreciated by 116% since the low reached on March 23 amid the wider market sell-off driven by the coronavirus crisis and now trade at 18x the consensus FY22 EV/EBITDA which he believes is close to fair value given near-term uncertainty regarding the impact of COVID-19. The analyst added that while he has observed that i3's exposure to non-discretionary payment verticals provide ballast to the company's operating model, he notes that the Hospitality and Retail verticals represented 15% and 10%, respectively, of the company's net revenues prior to the COVID-19 outbreak, creating more potential volatility on the margin.

ShowHide Related Items >><<
IIIV i3 Verticals
$30.16 /

-0.26 (-0.85%)

03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
IIIV i3 Verticals
$30.16 /

-0.26 (-0.85%)

Over a quarter ago
Earnings
i3 Verticals not providing FY20 outlook » 16:35
05/07/20
05/07
16:35
05/07/20
16:35
IIIV

i3 Verticals

$23.25 /

+0.79 (+3.52%)

The COVID-19 pandemic has…

The COVID-19 pandemic has created significant uncertainty in the economy and the extent to which COVID-19 will impact the Company's future results is difficult to reasonably estimate at this time. Therefore, the Company is not providing a financial outlook for the fiscal year ending September 30, 2020.

ShowHide Related Items >><<
IIIV i3 Verticals
$23.25 /

+0.79 (+3.52%)

03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
Earnings
i3 Verticals reports Q2 adjusted EPS 20c, consensus 18c » 16:35
05/07/20
05/07
16:35
05/07/20
16:35
IIIV

i3 Verticals

$23.25 /

+0.79 (+3.52%)

Reports Q2 revenue…

Reports Q2 revenue $39.2M, consensus $35.38M. Greg Daily, Chairman and CEO of i3 Verticals, commented, "We delivered strong fiscal second quarter results. Our momentum from the fiscal first quarter continued through January and February, but we began to see the economic impact of the COVID-19 pandemic in the second half of March with a decline in payment volume. I could not be prouder of our employees' response to the crisis as they rallied to serve our customers. Our support teams utilized our advanced platforms to quickly shift to remote support and provided uninterrupted service to our customers."

ShowHide Related Items >><<
IIIV i3 Verticals
$23.25 /

+0.79 (+3.52%)

03/23/20 KeyBanc
i3 Verticals price target lowered to $18 from $38 at KeyBanc
03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
Recommendations
i3 Verticals price target lowered to $18 from $38 at KeyBanc » 08:03
03/23/20
03/23
08:03
03/23/20
08:03
IIIV

i3 Verticals

$14.41 /

-0.49 (-3.29%)

KeyBanc analyst Josh Beck…

KeyBanc analyst Josh Beck lowered the firm's price target on i3 Verticals to $18 from $38 and keeps an Overweight rating on the shares. The analyst cited a potential macro slowdown.

ShowHide Related Items >><<
IIIV i3 Verticals
$14.41 /

-0.49 (-3.29%)

03/23/20 BTIG
i3 Verticals upgraded to Buy from Neutral at BTIG
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
02/28/20 DA Davidson
i3 Verticals upgraded to Buy from Neutral at DA Davidson
02/12/20 DA Davidson
i3 Verticals downgraded to Neutral from Buy at DA Davidson

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