Vertex (VERX) Projected to Post Earnings on Thursday

Vertex (NASDAQ:VERX - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Vertex to post earnings of $0.13 per share and revenue of $176.90 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Vertex Trading Down 2.9 %

VERX stock traded down $1.30 on Friday, reaching $44.14. The company's stock had a trading volume of 260,831 shares, compared to its average volume of 914,912. The firm has a market cap of $6.88 billion, a PE ratio of 245.34, a PEG ratio of 6.76 and a beta of 0.78. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04. The business has a fifty day simple moving average of $53.69 and a two-hundred day simple moving average of $46.54. Vertex has a 12-month low of $24.47 and a 12-month high of $60.71.

Insider Transactions at Vertex

In related news, CEO David Destefano sold 25,607 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $55.05, for a total transaction of $1,409,665.35. Following the completion of the transaction, the chief executive officer now owns 221,932 shares of the company's stock, valued at approximately $12,217,356.60. The trade was a 10.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey Westphal sold 575,000 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was 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 directly owns 7,895 shares in the company, valued at $418,513.95. This represents a 98.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 887,084 shares of company stock valued at $47,736,965 over the last three months. 44.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Raymond James reissued a "market perform" rating on shares of Vertex in a research report on Friday, January 3rd. Needham & Company LLC boosted their price target on shares of Vertex from $45.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Vertex from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their target price on shares of Vertex from $43.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $61.00 target price on shares of Vertex in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.36.

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.