Whittier Trust Co. of Nevada Inc. Has $6.73 Million Holdings in Vertex, Inc. (NASDAQ:VERX)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Vertex, Inc. (NASDAQ:VERX - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,102 shares of the company's stock after buying an additional 45,987 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.08% of Vertex worth $6,726,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Vertex by 11.4% during the 4th quarter. Blue Trust Inc. now owns 2,516 shares of the company's stock worth $134,000 after acquiring an additional 257 shares during the period. Sheets Smith Wealth Management lifted its position in shares of Vertex by 2.2% in the fourth 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. Advisors Asset Management Inc. boosted its holdings in shares of Vertex by 126.2% during the third quarter. Advisors Asset Management Inc. now owns 968 shares of the company's stock worth $37,000 after purchasing an additional 540 shares during the period. KBC Group NV grew its position in Vertex by 27.1% during the fourth quarter. KBC Group NV now owns 2,668 shares of the company's stock valued at $142,000 after purchasing an additional 569 shares in the last quarter. Finally, Ellsworth Advisors LLC increased its stake in Vertex by 3.5% in 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 during the period. 70.32% of the stock is owned by hedge funds and other institutional investors.

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Vertex Stock Performance

Vertex stock traded up $0.12 on Wednesday, reaching $35.66. 708,105 shares of the stock were exchanged, compared to its average volume of 961,731. The stock has a market cap of $5.64 billion, a PE ratio of 198.11, a PEG ratio of 6.66 and a beta of 0.87. The firm has a fifty day moving average price of $45.64 and a two-hundred day moving average price of $46.52. Vertex, Inc. has a twelve month low of $27.22 and a twelve month high of $60.71. 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 (NASDAQ:VERX - Get Free Report) last issued its quarterly 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). 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. Sell-side analysts anticipate that Vertex, Inc. will post 0.38 EPS for the current year.

Insider Activity at Vertex

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VERX shares. JMP Securities restated a "market outperform" rating and set a $61.00 price target on shares of Vertex in a report on Monday, December 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $60.00 target price on shares of Vertex in a research report on Thursday, March 20th. DA Davidson cut their price target on Vertex from $62.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group cut their price objective 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. Finally, Robert W. Baird decreased their target price on shares of Vertex from $62.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, February 28th. Five investment 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $49.82.

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.