12,091 Shares in Vertex, Inc. (NASDAQ:VERX) Purchased by Quantessence Capital LLC

Quantessence Capital LLC acquired a new position in Vertex, Inc. (NASDAQ:VERX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 12,091 shares of the company's stock, valued at approximately $645,000.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in Vertex during the 4th quarter worth about $38,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Vertex during the fourth quarter valued at approximately $40,000. Plato Investment Management Ltd purchased a new stake in Vertex in the 4th quarter worth approximately $41,000. Armstrong Advisory Group Inc. acquired a new position in Vertex in the 4th quarter valued at $50,000. Finally, Assetmark Inc. acquired a new stake in shares of Vertex during the fourth quarter worth $79,000. 70.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Vertex news, General Counsel Bryan T.R. Rowland sold 43,228 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.98, for a total value of $1,555,343.44. Following the transaction, the general counsel now owns 132 shares in the company, valued at $4,749.36. The trade was a 99.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 44.58% of the company's stock.

Wall Street Analyst Weigh In

VERX has been the topic of a number of research analyst reports. Stifel Nicolaus lowered Vertex from a "buy" rating to a "hold" rating and decreased their price target for the stock from $58.00 to $31.00 in a research note on Friday, February 28th. The Goldman Sachs Group decreased their target price on shares of Vertex from $64.00 to $48.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. DA Davidson cut their price target on shares of Vertex from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. BNP Paribas assumed coverage on shares of Vertex in a research note on Tuesday. They set an "outperform" rating and a $54.00 price objective for the company. Finally, Robert W. Baird cut their target price on Vertex from $62.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $50.73.

Vertex Stock Up 0.5 %

Shares of VERX traded up $0.20 during midday trading on Friday, reaching $39.74. 782,762 shares of the company were exchanged, compared to its average volume of 1,001,650. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. Vertex, Inc. has a 1-year low of $28.04 and a 1-year high of $60.71. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 220.78, a P/E/G ratio of 6.66 and a beta of 0.80. The stock has a 50-day moving average price of $36.90 and a 200-day moving average price of $46.29.

Vertex (NASDAQ:VERX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $176.90 million. Research analysts expect that Vertex, Inc. will post 0.38 earnings per share for the current year.

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.