Advantage Alpha Capital Partners LP Sells 46,171 Shares of Vertex, Inc. $VERX

Advantage Alpha Capital Partners LP lowered its stake in shares of Vertex, Inc. (NASDAQ:VERX) by 38.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,882 shares of the company’s stock after selling 46,171 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Vertex were worth $2,575,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp grew its position in Vertex by 31.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,467 shares of the company’s stock worth $52,000 after purchasing an additional 347 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Vertex by 44.4% in the second quarter. Blue Trust Inc. now owns 1,664 shares of the company’s stock valued at $59,000 after buying an additional 512 shares during the period. Advisors Asset Management Inc. grew its position in Vertex by 25.7% during the first quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company’s stock worth $68,000 after buying an additional 395 shares in the last quarter. US Bancorp DE raised its holdings in Vertex by 88.1% in the 1st quarter. US Bancorp DE now owns 2,024 shares of the company’s stock valued at $71,000 after acquiring an additional 948 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of Vertex by 16.1% in the 1st quarter. State of Wyoming now owns 4,669 shares of the company’s stock worth $163,000 after acquiring an additional 649 shares during the period. 70.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VERX shares. The Goldman Sachs Group lowered their price objective on Vertex from $43.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Citigroup lowered shares of Vertex from a “market outperform” rating to a “hold” rating in a report on Tuesday, November 4th. BMO Capital Markets reduced their price objective on shares of Vertex from $30.00 to $24.00 and set a “market perform” rating for the company in a report on Tuesday, November 4th. Stephens started coverage on shares of Vertex in a research report on Friday, September 26th. They set an “overweight” rating and a $30.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Vertex in a research note on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vertex has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Vertex Stock Down 1.5%

Shares of NASDAQ VERX opened at $19.53 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50 day moving average price of $22.95 and a 200 day moving average price of $29.32. Vertex, Inc. has a 52-week low of $18.54 and a 52-week high of $60.71. The stock has a market cap of $3.12 billion, a P/E ratio of -55.80, a P/E/G ratio of 3.96 and a beta of 0.64.

Vertex (NASDAQ:VERX) last announced its earnings results on Monday, November 3rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $192.11 million for the quarter, compared to the consensus estimate of $191.62 million. Vertex had a negative net margin of 7.32% and a positive return on equity of 26.84%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. Vertex has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Vertex, Inc. will post 0.38 EPS for the current year.

Vertex declared that its Board of Directors has authorized a share buyback program on Monday, November 3rd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.