Janus Henderson Group PLC Decreases Stock Holdings in Vertex, Inc. (NASDAQ:VERX)

Janus Henderson Group PLC trimmed its position in Vertex, Inc. (NASDAQ:VERX - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 666,436 shares of the company's stock after selling 105,850 shares during the period. Janus Henderson Group PLC owned about 0.43% of Vertex worth $35,555,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Vertex in the 4th quarter worth about $38,000. Mark Sheptoff Financial Planning LLC purchased a new position in Vertex in the fourth quarter worth $40,000. Plato Investment Management Ltd acquired a new stake in Vertex in the fourth quarter worth about $41,000. Armstrong Advisory Group Inc. acquired a new position in Vertex during the 4th quarter valued at approximately $50,000. Finally, Assetmark Inc. acquired a new stake in Vertex during the 4th quarter worth about $79,000. 70.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VERX shares. Stifel Nicolaus cut shares of Vertex from a "buy" rating to a "hold" rating and decreased their target price for the company from $58.00 to $31.00 in a research note on Friday, February 28th. BNP Paribas began coverage on shares of Vertex in a research report on Tuesday, April 22nd. They set an "outperform" rating and a $54.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $60.00 target price on shares of Vertex in a research note on Thursday, March 20th. Robert W. Baird decreased their price objective on shares of Vertex from $62.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, February 28th. Finally, DA Davidson cut their price target on shares of Vertex from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.73.

Vertex Stock Performance

Shares of Vertex stock traded up $0.02 during trading on Tuesday, hitting $38.53. 67,680 shares of the stock were exchanged, compared to its average volume of 1,014,435. 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 company has a fifty day moving average price of $37.41 and a 200-day moving average price of $45.98. Vertex, Inc. has a 1-year low of $30.26 and a 1-year high of $60.71. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 213.83, a price-to-earnings-growth ratio of 6.66 and a beta of 0.78.

Vertex (NASDAQ:VERX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. Vertex had a return on equity of 24.92% and a net margin of 4.73%. The company had revenue of $177.06 million during the quarter, compared to analysts' expectations of $176.99 million. During the same period in the prior year, the company earned $0.15 EPS. Vertex's revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts predict that Vertex, Inc. will post 0.38 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Bryan T.R. Rowland sold 43,228 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $35.98, for a total transaction of $1,555,343.44. Following the completion of the sale, the general counsel now directly owns 132 shares in the company, valued at $4,749.36. This represents a 99.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Ryan J. Leib sold 5,755 shares of Vertex stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $38.00, for a total value of $218,690.00. The disclosure for this sale can be found here. Insiders sold a total of 158,398 shares of company stock valued at $5,898,979 over the last three months. Corporate insiders own 44.58% of the company's stock.

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.