Vertex, Inc. (NASDAQ:VERX) Shares Bought by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its holdings in Vertex, Inc. (NASDAQ:VERX) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,427 shares of the company’s stock after purchasing an additional 632 shares during the period. Westover Capital Advisors LLC’s holdings in Vertex were worth $2,957,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VERX. New York State Common Retirement Fund grew its stake in shares of Vertex by 22.1% in the 3rd quarter. New York State Common Retirement Fund now owns 509,517 shares of the company’s stock worth $19,621,000 after purchasing an additional 92,137 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Vertex by 13.5% in the third quarter. Harbor Capital Advisors Inc. now owns 9,788 shares of the company’s stock worth $377,000 after buying an additional 1,168 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Vertex by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 8,313 shares of the company’s stock worth $320,000 after buying an additional 477 shares during the period. Sigma Planning Corp acquired a new position in shares of Vertex in the third quarter worth about $365,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Vertex by 406.9% in the third quarter. Victory Capital Management Inc. now owns 34,386 shares of the company’s stock worth $1,324,000 after buying an additional 27,602 shares during the period. Institutional investors and hedge funds own 70.32% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $56.48, for a total value of $3,041,052.64. Following the sale, the insider now owns 1,229,257 shares in the company, valued at approximately $69,428,435.36. The trade was a 4.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Westphal sold 575,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $53.01, for a total transaction of $30,480,750.00. Following the completion of the sale, the insider now owns 7,895 shares in the company, valued at $418,513.95. This represents a 98.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 858,457 shares of company stock valued at $46,160,958. 44.58% of the stock is owned by company insiders.

Vertex Trading Down 0.5 %

NASDAQ:VERX opened at $32.12 on Tuesday. Vertex, Inc. has a 12 month low of $27.22 and a 12 month high of $60.71. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 178.44, a P/E/G ratio of 6.66 and a beta of 0.78. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $52.09 and its 200-day moving average is $46.87.

Vertex (NASDAQ:VERX) last announced its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). Vertex had a return on equity of 24.92% and a net margin of 4.73%. The company had revenue of $178.46 million for the quarter, compared to the consensus estimate of $176.90 million. Equities analysts anticipate that Vertex, Inc. will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on VERX. The Goldman Sachs Group decreased their target price on shares of Vertex from $64.00 to $48.00 and set a “buy” rating for the company in a report on Monday. Stifel Nicolaus cut shares of Vertex from a “buy” rating to a “hold” rating and decreased their target price for the stock from $58.00 to $31.00 in a report on Friday. DA Davidson decreased their target price on shares of Vertex from $62.00 to $55.00 and set a “buy” rating for the company in a report on Friday. Needham & Company LLC raised their target price on shares of Vertex from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Raymond James restated a “market perform” rating on shares of Vertex in a report on Friday, January 3rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Vertex Profile

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.