i3 Verticals, Inc. builds, acquires, and grows software solutions in the public sector and healthcare vertical markets in the United States and Canada. It operates through Public Sector, Healthcare, and Other segments. The company offers digital solutions for dynamic processes to plan, coordinate, evaluate, record, and provide up to date information within court systems; E-Filing and revenue cycle management solutions for courts; solutions for computer aided dispatch, law records management, evidence management, jail management, mobile solutions, and livescan; and solutions for driver license, vehicle title, and registration and motor carrier compliance for transportation. It also provides digital customer engagement platform, including web, mobile, chat, and voice options for customers to manage their data and accounts; billing and back-office management software solutions and services; solutions for school lunch programs, including meal account management, point of sale, menu planning, nutritional analysis, food inventory, and free and reduced meal applications; and school event solutions, including ticketing and concessions. In addition, the company offers enterprise resource planning products including solutions that connect the organization and its data to create a flow of information for insights across various departments; digital land records solutions; licensing and permitting solutions to automate application, renewal, and payment process; and digital solutions for appraisal information, tax collection management, revenue collection, and computer assisted mass appraisal. Further, it provides EHR, practice management tools, patient engagement, and patient payment solutions; and payer software solutions for managing compliance requirements, including appeals and grievances, as well as network management platform to assists payers in contracting, credentialing, and outreach. i3 Verticals, Inc. was founded in 2012 and is based in Nashville, Tennessee.
Strategic Pivot | Explore i3 Verticals' transformation as it considers selling its Merchant Services business, potentially becoming a software-centric company with minimal leverage |
Financial Challenges | Delve into i3 Verticals' recent financial performance, including missed targets and downward guidance revisions, impacting its near-term outlook |
Market Expansion | Learn about i3 Verticals' push into utility-focused software and healthcare payment solutions, opening new avenues for growth in stable sectors |
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $24 to $33, reflecting both optimism and caution about i3 Verticals' future prospects |
Metrics to compare | IIIV | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipIIIVPeersSector | |
---|---|---|---|---|
P/E Ratio | −10.2x | −0.1x | 11.8x | |
PEG Ratio | 0.00 | 0.10 | 0.01 | |
Price/Book | 2.6x | 3.0x | 2.4x | |
Price / LTM Sales | 4.1x | 4.3x | 2.2x | |
Upside (Analyst Target) | 13.3% | 19.6% | 22.0% | |
Fair Value Upside | Unlock | 7.7% | 2.9% | Unlock |