1 week Ago By ABMN Staff
Vertex, Inc. ( NASDAQ:VERX – Free Report ) – Equities research analysts at DA Davidson issued their FY2024 EPS estimates for shares of Vertex in a note issued to investors on Tuesday, December 31st. DA Davidson analyst W.
Jellison forecasts that the company will earn $0.38 per share for the year. DA Davidson has a “Buy” rating and a $62.
00 price objective on the stock. The consensus estimate for Vertex’s current full-year earnings is $0.38 per share.
DA Davidson also issued estimates for Vertex’s Q4 2024 earnings at $0.09 EPS and FY2025 earnings at $0.49 EPS.
Vertex ( NASDAQ:VERX – Get Free Report ) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
14 by $0.02. Vertex had a net margin of 4.
73% and a return on equity of 24.92%. The company had revenue of $170.
40 million during the quarter, compared to analysts’ expectations of $165.70 million. During the same period last year, the company posted $0.
06 EPS. Vertex’s revenue was up 17.5% on a year-over-year basis.
Read Our Latest Stock Report on Vertex Vertex Trading Down 0.3 % Vertex stock opened at $53.20 on Friday.
Vertex has a 12 month low of $23.31 and a 12 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 business’s fifty day simple moving average is $51.45 and its two-hundred day simple moving average is $42.
37. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 295.
56, a price-to-earnings-growth ratio of 9.83 and a beta of 0.77.
Hedge Funds Weigh In On Vertex Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position 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 in the last quarter.
Quest Partners LLC purchased a new stake in shares of Vertex during the 2nd quarter worth $37,000. Canada Pension Plan Investment Board acquired a new stake in Vertex in the second quarter valued at $40,000. Amalgamated Bank purchased a new stake in Vertex during the 2nd quarter worth about $68,000.
Finally, KBC Group NV boosted its position in shares of Vertex by 46.1% during the 3rd quarter. KBC Group NV now owns 2,099 shares of the company’s stock worth $81,000 after acquiring an additional 662 shares in the last quarter.
70.32% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In related news, Director John Richard Stamm sold 2,500 shares of the stock in a transaction on Friday, November 22nd.
The shares were sold at an average price of $53.81, for a total transaction of $134,525.00.
Following the sale, the director now directly owns 15,535 shares of the company’s stock, valued at approximately $835,938.35. This represents a 13.
86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Also, major shareholder Jeffrey Westphal sold 2,485,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th.
The stock was sold at an average price of $48.90, for a total value of $121,516,500.00.
Following the transaction, the insider now directly owns 7,895 shares of the company’s stock, valued at approximately $386,065.50. The trade was a 99.
68 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 3,782,563 shares of company stock valued at $187,627,746 over the last ninety days.
44.58% of the stock is currently owned by insiders. Vertex Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Vertex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertex and related companies with MarketBeat.com's FREE daily email newsletter .
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