Vertex, Inc. (NASDAQ:VERX) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in shares of Vertex, Inc. (NASDAQ:VERX - Free Report) by 80.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,436 shares of the company's stock after selling 30,655 shares during the period. Schroder Investment Management Group's holdings in Vertex were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. grew its position in Vertex by 11.4% in the fourth quarter. Blue Trust Inc. now owns 2,516 shares of the company's stock valued at $134,000 after purchasing an additional 257 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in Vertex by 2.2% in the 4th quarter. Sheets Smith Wealth Management now owns 15,099 shares of the company's stock worth $806,000 after purchasing an additional 324 shares in the last quarter. KBC Group NV raised its stake in shares of Vertex by 27.1% in the fourth quarter. KBC Group NV now owns 2,668 shares of the company's stock worth $142,000 after purchasing an additional 569 shares during the last quarter. Ellsworth Advisors LLC lifted its stake in shares of Vertex by 3.5% during the 4th quarter. Ellsworth Advisors LLC now owns 17,291 shares of the company's stock valued at $922,000 after buying an additional 584 shares in the last quarter. Finally, Westover Capital Advisors LLC boosted its stake in Vertex by 1.2% during the fourth quarter. Westover Capital Advisors LLC now owns 55,427 shares of the company's stock worth $2,957,000 after buying an additional 632 shares during the period. Institutional investors own 70.32% of the company's stock.

Vertex Price Performance

Shares of VERX stock traded down $0.20 during trading hours on Monday, hitting $38.29. 20,293 shares of the company's stock were exchanged, compared to its average volume of 1,019,145. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 1.04. Vertex, Inc. has a 52 week low of $27.22 and a 52 week high of $60.71. The stock's 50-day moving average is $39.42 and its 200-day moving average is $46.43. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 212.09, a price-to-earnings-growth ratio of 6.66 and a beta of 0.80.

Vertex (NASDAQ:VERX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). Vertex had a net margin of 4.73% and a return on equity of 24.92%. The company had revenue of $178.46 million during the quarter, compared to the consensus estimate of $176.90 million. As a group, research analysts forecast that Vertex, Inc. will post 0.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VERX shares. Jefferies Financial Group decreased their target price on Vertex from $62.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price target 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. Needham & Company LLC reaffirmed a "buy" rating and set a $60.00 price objective on shares of Vertex in a research report on Thursday, March 20th. Morgan Stanley raised their price target on Vertex from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, DA Davidson lowered their price target on Vertex from $62.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $49.82.

Insider Buying and Selling

In other Vertex news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $56.48, for a total transaction of $3,041,052.64. Following the completion of the sale, the insider now directly owns 1,229,257 shares in the company, valued at $69,428,435.36. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Bryan T.R. Rowland sold 43,228 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.98, for a total transaction of $1,555,343.44. Following the transaction, the general counsel now directly owns 132 shares of the company's stock, valued at $4,749.36. The trade was a 99.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.58% of the stock is owned by insiders.

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.