946 Shares in Vertex, Inc. (NASDAQ:VERX) Purchased by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. bought a new stake in Vertex, Inc. (NASDAQ:VERX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 946 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors also recently made changes to their positions in VERX. West Oak Capital LLC boosted its position in Vertex by 270,150.0% during the 4th quarter. West Oak Capital LLC now owns 5,405 shares of the company’s stock valued at $288,000 after purchasing an additional 5,403 shares during the period. Lord Abbett & CO. LLC lifted its stake in Vertex by 29.4% in the third quarter. Lord Abbett & CO. LLC now owns 933,034 shares of the company’s stock valued at $35,932,000 after buying an additional 211,896 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Vertex by 17.6% during the third quarter. Franklin Resources Inc. now owns 1,690,045 shares of the company’s stock valued at $69,444,000 after acquiring an additional 253,263 shares during the period. Neo Ivy Capital Management bought a new position in shares of Vertex during the third quarter worth about $2,354,000. Finally, Geode Capital Management LLC increased its holdings in shares of Vertex by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,275,283 shares of the company’s stock worth $49,121,000 after acquiring an additional 37,592 shares during the period. 70.32% of the stock is owned by institutional investors.

Insider Transactions at Vertex

In related news, Director John Richard Stamm sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $53.81, for a total value of $134,525.00. Following the completion of the transaction, the director now owns 15,535 shares of the company’s stock, valued at approximately $835,938.35. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Item Second Irr. Trust Fbo Jac sold 26,645 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $51.40, for a total transaction of $1,369,553.00. Following the sale, the insider now directly owns 906,061 shares in the company, valued at approximately $46,571,535.40. This trade represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,578,219 shares of company stock valued at $179,270,309 over the last three months. Company insiders own 44.58% of the company’s stock.

Vertex Price Performance

Shares of NASDAQ VERX opened at $55.83 on Friday. Vertex, Inc. has a twelve month low of $23.38 and a twelve month high of $57.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $53.24 and a two-hundred day moving average of $43.62. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 310.15, a PEG ratio of 7.64 and a beta of 0.77.

Vertex (NASDAQ:VERX) last released its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $170.40 million during the quarter, compared to analyst estimates of $165.70 million. Vertex had a net margin of 4.73% and a return on equity of 24.92%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, analysts expect that Vertex, Inc. will post 0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup boosted their target price on shares of Vertex from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group boosted their price objective on Vertex from $42.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their price objective on Vertex from $45.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James reaffirmed a “market perform” rating on shares of Vertex in a research note on Friday, January 3rd. Finally, Jefferies Financial Group raised Vertex from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $50.00 in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.