Vertex (NASDAQ:VERX) Issues Earnings Results, Misses Estimates By $0.03 EPS

Vertex (NASDAQ:VERX - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03), Zacks reports. Vertex had a return on equity of 24.92% and a net margin of 4.73%. The business had revenue of $178.46 million for the quarter, compared to analysts' expectations of $176.90 million. Vertex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Vertex Stock Down 0.3 %

VERX stock traded down $0.11 during mid-day trading on Monday, hitting $32.18. 1,631,879 shares of the company were exchanged, compared to its average volume of 1,203,913. The company has a market capitalization of $5.02 billion, a PE ratio of 178.83, a price-to-earnings-growth ratio of 6.66 and a beta of 0.78. The firm has a fifty day simple moving average of $52.09 and a 200 day simple moving average of $46.87. 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 has a twelve month low of $27.22 and a twelve month high of $60.71.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VERX. Raymond James reaffirmed a "market perform" rating on shares of Vertex in a research report on Friday, January 3rd. Citigroup upped their price target on Vertex from $46.00 to $54.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Robert W. Baird dropped their price objective on shares of Vertex from $62.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday. Morgan Stanley boosted their target price on shares of Vertex from $50.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC raised their price target on shares of Vertex from $45.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Five 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $50.00.

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Insider Activity

In other Vertex news, 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. The trade was a 98.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Item Second Irr. Trust Fbo Kyl sold 13,346 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $55.13, for a total transaction of $735,764.98. Following the completion of the transaction, the insider now owns 1,344,754 shares in the company, valued at approximately $74,136,288.02. The trade was a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 858,457 shares of company stock worth $46,160,958. 44.58% of the stock is currently owned by corporate 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.