Vertex, Inc. (NASDAQ:VERX – Get Free Report) insider Item Second Irr. Trust Fbo Jac sold 52,713 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $41.02, for a total value of $2,162,287.26. Following the completion of the sale, the insider now directly owns 1,144,993 shares of the company’s stock, valued at $46,967,612.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Item Second Irr. Trust Fbo Jac also recently made the following trade(s):
- On Wednesday, October 9th, Item Second Irr. Trust Fbo Jac sold 49,114 shares of Vertex stock. The shares were sold at an average price of $41.31, for a total value of $2,028,899.34.
Vertex Stock Performance
Shares of VERX opened at $39.65 on Friday. The firm has a market cap of $6.15 billion, a PE ratio of 991.25, a PEG ratio of 11.57 and a beta of 0.68. The stock’s fifty day moving average price is $37.23 and its two-hundred day moving average price is $34.79. 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 Trading of Vertex
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its stake in shares of Vertex by 1.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 51,624 shares of the company’s stock valued at $1,640,000 after purchasing an additional 589 shares during the period. Blue Trust Inc. bought a new stake in shares of Vertex during the 2nd quarter valued at $28,000. Ellsworth Advisors LLC raised its stake in shares of Vertex by 6.6% during the 2nd quarter. Ellsworth Advisors LLC now owns 16,010 shares of the company’s stock valued at $577,000 after purchasing an additional 992 shares during the period. Quest Partners LLC bought a new stake in shares of Vertex during the 2nd quarter valued at $37,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Vertex during the 2nd quarter valued at $40,000. 59.10% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on VERX. Citigroup lifted their target price on Vertex from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Robert W. Baird assumed coverage on Vertex in a research report on Tuesday, July 23rd. They set an “outperform” rating and a $43.00 target price on the stock. Baird R W upgraded Vertex to a “strong-buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Vertex in a report on Thursday, June 13th. Finally, JMP Securities lifted their price target on Vertex from $42.00 to $47.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st. Four investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.30.
Read Our Latest Stock Analysis on VERX
Vertex Company 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.
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