Fuller & Thaler Asset Management Inc. Acquires 108,314 Shares of Vertex, Inc. (NASDAQ:VERX)

Fuller & Thaler Asset Management Inc. grew its position in Vertex, Inc. (NASDAQ:VERX - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,337,758 shares of the company's stock after acquiring an additional 108,314 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.86% of Vertex worth $71,369,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VERX. Steward Partners Investment Advisory LLC acquired a new stake in shares of Vertex during the 4th quarter worth about $38,000. Mark Sheptoff Financial Planning LLC bought a new position in Vertex in the 4th quarter valued at about $40,000. Plato Investment Management Ltd acquired a new stake in Vertex during the fourth quarter worth approximately $41,000. Armstrong Advisory Group Inc. bought a new stake in shares of Vertex during the fourth quarter worth approximately $50,000. Finally, Assetmark Inc. acquired a new position in shares of Vertex in the fourth quarter valued at approximately $79,000. 70.32% of the stock is currently 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 firm's stock in a transaction that occurred 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 completion of the transaction, the general counsel now owns 132 shares in the company, valued at approximately $4,749.36. This trade represents a 99.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 44.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VERX. Morgan Stanley dropped their price target on Vertex from $60.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Raymond James reissued a "market perform" rating on shares of Vertex in a research report on Friday, January 3rd. The Goldman Sachs Group decreased their price target on shares of Vertex from $64.00 to $48.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group dropped their price objective on shares of Vertex from $62.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, BNP Paribas assumed coverage on shares of Vertex in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $54.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $50.73.

Vertex Price Performance

Shares of VERX stock traded up $0.20 on Friday, reaching $39.74. The company had a trading volume of 782,762 shares, compared to its average volume of 1,004,016. The business's 50-day moving average is $36.90 and its 200 day moving average is $46.33. Vertex, Inc. has a one year low of $28.04 and a one year high of $60.71. 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 stock has a market capitalization of $6.29 billion, a PE ratio of 220.78, a price-to-earnings-growth ratio of 6.66 and a beta of 0.80.

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

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.