3,905 Shares in Vertex, Inc. (NASDAQ:VERX) Purchased by Lindenwold Advisors INC

Lindenwold Advisors INC purchased a new stake in Vertex, Inc. (NASDAQ:VERX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,905 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new stake in Vertex in the fourth quarter valued at approximately $38,000. Plato Investment Management Ltd purchased a new stake in shares of Vertex during the 4th quarter valued at $41,000. Armstrong Advisory Group Inc. bought a new stake in shares of Vertex during the 4th quarter worth $50,000. Advisors Asset Management Inc. grew its position in Vertex by 126.2% in the third quarter. Advisors Asset Management Inc. now owns 968 shares of the company’s stock worth $37,000 after acquiring an additional 540 shares in the last quarter. Finally, Assetmark Inc. bought a new position in Vertex in the fourth quarter valued at $79,000. Institutional investors own 70.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird cut their price objective on Vertex from $62.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, February 28th. Jefferies Financial Group reduced their price target on shares of Vertex from $62.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Raymond James reaffirmed a “market perform” rating on shares of Vertex in a research note on Friday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $61.00 target price on shares of Vertex in a research report on Monday, December 9th. Finally, The Goldman Sachs Group cut their price target on shares of Vertex from $64.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Vertex currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Insider Transactions at Vertex

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 approximately $69,428,435.36. This represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 44.58% of the company’s stock.

Vertex Trading Up 0.3 %

VERX opened at $34.65 on Wednesday. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 192.50, a PEG ratio of 6.66 and a beta of 0.87. Vertex, Inc. has a one year low of $27.22 and a one year high of $60.71. The business has a 50 day simple moving average of $47.33 and a two-hundred day simple moving average of $46.54. 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 (NASDAQ:VERX) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $178.46 million during the quarter, compared to analysts’ expectations of $176.90 million. Vertex had a return on equity of 24.92% and a net margin of 4.73%. Analysts predict that Vertex, Inc. will post 0.38 EPS for the current year.

Vertex 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.