2 weeks Ago By ABMN Staff
Xponance Inc. bought a new stake in Vertex, Inc. ( NASDAQ:VERX – Free Report ) in the fourth quarter, Holdings Channel reports.
The institutional investor bought 3,876 shares of the company’s stock, valued at approximately $207,000. Other large investors have also modified their holdings of the company. Blue Trust Inc.
raised its stake in shares of Vertex by 11.4% in the 4th quarter. Blue Trust Inc.
now owns 2,516 shares of the company’s stock valued at $134,000 after buying an additional 257 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Vertex by 2.2% in the fourth quarter.
Sheets Smith Wealth Management now owns 15,099 shares of the company’s stock valued at $806,000 after acquiring an additional 324 shares during the period. Advisors Asset Management Inc. raised 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 purchasing an additional 540 shares in the last quarter.
KBC Group NV lifted its stake in Vertex by 27.1% during the fourth quarter. KBC Group NV now owns 2,668 shares of the company’s stock worth $142,000 after purchasing an additional 569 shares during the period.
Finally, Ellsworth Advisors LLC boosted its holdings in Vertex by 3.5% during the fourth quarter. Ellsworth Advisors LLC now owns 17,291 shares of the company’s stock valued at $922,000 after purchasing an additional 584 shares in the last quarter.
70.32% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In other news, General Counsel Bryan T.
R. Rowland sold 43,228 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $35.
98, for a total value of $1,555,343.44. Following the transaction, the general counsel now owns 132 shares of the company’s stock, valued at $4,749.
36. This represents a 99.70 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of Vertex stock in a transaction 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 sale, the insider now directly owns 1,229,257 shares of the company’s stock, valued at approximately $69,428,435.36. This trade represents a 4.
20 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders own 44.
58% of the company’s stock. Analyst Ratings Changes Get Our Latest Stock Report on Vertex Vertex Stock Performance VERX stock opened at $35.55 on Friday.
The company has a 50 day moving average price of $44.43 and a 200 day moving average price of $46.44.
Vertex, Inc. has a fifty-two week low of $27.22 and a fifty-two week high of $60.
71. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.
04 and a quick ratio of 1.04. The stock has a market capitalization of $5.
62 billion, a PE ratio of 197.50, a price-to-earnings-growth ratio of 6.66 and a beta of 0.
87. Vertex ( NASDAQ:VERX – Get Free Report ) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.
10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03).
The firm had revenue of $178.46 million for the quarter, compared to analyst estimates of $176.90 million.
Vertex had a net margin of 4.73% and a return on equity of 24.92%.
Analysts forecast that Vertex, Inc. will post 0.38 EPS for the current year.
Vertex Company Profile ( 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. Featured Stories Want to see what other hedge funds are holding VERX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Vertex, Inc. ( NASDAQ:VERX – Free Report ). 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.
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