Vertex, Inc. (NASDAQ:VERX – Get Free Report) insider Item Second Irr. Trust Fbo Jac sold 49,114 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $41.31, for a total value of $2,028,899.34. Following the sale, the insider now directly owns 1,067,852 shares of the company’s stock, valued at approximately $44,112,966.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Item Second Irr. Trust Fbo Jac also recently made the following trade(s):
- On Monday, October 7th, Item Second Irr. Trust Fbo Jac sold 52,713 shares of Vertex stock. The stock was sold at an average price of $41.02, for a total value of $2,162,287.26.
Vertex Price Performance
NASDAQ:VERX traded down $0.18 during trading hours on Wednesday, reaching $41.03. 857,012 shares of the company traded hands, compared to its average volume of 778,588. The firm’s 50-day moving average is $37.20 and its 200-day moving average is $34.75. The stock has a market cap of $6.38 billion, a P/E ratio of 1,025.75, a P/E/G ratio of 11.57 and a beta of 0.68. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.17 and a quick ratio of 1.17. Vertex, Inc. has a 1-year low of $21.92 and a 1-year high of $42.38.
Institutional Investors Weigh In On Vertex
Several hedge funds have recently made changes to their positions in VERX. Granahan Investment Management LLC boosted its holdings in shares of Vertex by 49.4% during the fourth quarter. Granahan Investment Management LLC now owns 663,606 shares of the company’s stock worth $17,878,000 after purchasing an additional 219,301 shares during the last quarter. Bullseye Asset Management LLC boosted its holdings in shares of Vertex by 12.5% during the fourth quarter. Bullseye Asset Management LLC now owns 45,071 shares of the company’s stock worth $1,214,000 after purchasing an additional 5,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Vertex by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 5,555,808 shares of the company’s stock valued at $149,673,000 after acquiring an additional 637,075 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in Vertex by 175.0% in the fourth quarter. Quadrature Capital Ltd now owns 73,909 shares of the company’s stock valued at $1,992,000 after acquiring an additional 47,031 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in Vertex by 34.7% in the first quarter. Moody National Bank Trust Division now owns 25,369 shares of the company’s stock valued at $806,000 after acquiring an additional 6,529 shares during the last quarter. Institutional investors and hedge funds own 59.10% of the company’s stock.
Analyst Ratings Changes
VERX has been the topic of several research analyst reports. Citigroup boosted their price objective on Vertex from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, June 28th. Baird R W upgraded Vertex to a “strong-buy” rating in a report on Tuesday, July 23rd. JMP Securities upped their price objective on Vertex from $42.00 to $47.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Vertex in a research report on Thursday, June 13th. Finally, Robert W. Baird assumed coverage on Vertex in a research report on Tuesday, July 23rd. They issued an “outperform” rating and a $43.00 target price for the company. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.30.
View Our Latest Analysis on Vertex
About Vertex
Vertex, Inc, together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools.
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