Lisa Butler Sells 10,000 Shares of Vertex, Inc. (NASDAQ:VERX) Stock

Vertex, Inc. (NASDAQ:VERX – Get Rating) CAO Lisa Butler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $18.09, for a total value of $180,900.00. Following the sale, the chief accounting officer now directly owns 250 shares of the company’s stock, valued at approximately $4,522.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lisa Butler also recently made the following trade(s):

• On Wednesday, March 8th, Lisa Butler sold 22,894 shares of Vertex stock. The shares were sold at an average price of $16.42, for a total value of $375,919.48.

Vertex Trading Down 0.7 %

Shares of NASDAQ VERX opened at $18.48 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.59 and a current ratio of 0.60. Vertex, Inc. has a 52 week low of $9.44 and a 52 week high of $19.31. The stock’s fifty day moving average is $14.75 and its 200 day moving average is $15.11.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VERX. Altshuler Shaham Ltd bought a new position in Vertex in the third quarter valued at about $27,000. Great West Life Assurance Co. Can bought a new position in Vertex in the third quarter valued at about $27,000. Ensign Peak Advisors Inc bought a new position in Vertex in the first quarter valued at about $33,000. Deutsche Bank AG bought a new position in Vertex in the fourth quarter valued at about $41,000. Finally, Lazard Asset Management LLC bought a new position in Vertex in the fourth quarter valued at about $46,000. Institutional investors own 21.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VERX. The Goldman Sachs Group lifted their target price on Vertex from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. Needham & Company LLC lifted their target price on Vertex from $19.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. TheStreet downgraded Vertex from a “c-” rating to a “d+” rating in a report on Wednesday, December 28th. BMO Capital Markets lifted their target price on Vertex from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Thursday, March 9th. Finally, Raymond James lifted their target price on Vertex from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, March 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.11.

Vertex Company Profile

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Vertex, Inc provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, pre-built integration, and industry-specific solutions.