Vertex, Inc. (NASDAQ:VERX) Given Average Rating of “Moderate Buy” by Analysts

Vertex, Inc. (NASDAQ:VERX) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.60.

Several analysts have issued reports on VERX shares. JMP Securities set a $37.00 target price on Vertex in a research report on Tuesday, November 4th. UBS Group restated a “market outperform” rating on shares of Vertex in a research note on Tuesday, November 4th. Stifel Nicolaus dropped their price objective on Vertex from $28.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. Robert W. Baird set a $25.00 target price on shares of Vertex in a report on Tuesday, November 4th. Finally, Jefferies Financial Group set a $28.00 price target on shares of Vertex in a research report on Monday, November 3rd.

Vertex Trading Up 0.9%

NASDAQ VERX opened at $19.71 on Monday. Vertex has a one year low of $18.54 and a one year high of $60.71. 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 company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -56.31, a price-to-earnings-growth ratio of 3.99 and a beta of 0.64. The company’s 50-day simple moving average is $22.84 and its two-hundred day simple moving average is $29.07.

Vertex (NASDAQ:VERX) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $192.11 million during the quarter, compared to analysts’ expectations of $191.62 million. Vertex had a negative net margin of 7.32% and a positive return on equity of 26.84%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Vertex has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that Vertex will post 0.38 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its stake in Vertex by 31.0% in the second quarter. Fifth Third Bancorp now owns 1,467 shares of the company’s stock valued at $52,000 after buying an additional 347 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Vertex during the second quarter valued at about $54,000. Blue Trust Inc. increased its holdings in shares of Vertex by 44.4% during the second quarter. Blue Trust Inc. now owns 1,664 shares of the company’s stock valued at $59,000 after acquiring an additional 512 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Vertex by 25.7% in the 1st quarter. Advisors Asset Management Inc. now owns 1,933 shares of the company’s stock valued at $68,000 after purchasing an additional 395 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Vertex by 88.1% in the 1st quarter. US Bancorp DE now owns 2,024 shares of the company’s stock worth $71,000 after purchasing an additional 948 shares in the last quarter. 70.32% of the stock is currently owned by hedge funds and other institutional investors.

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.