Vertex, Inc. (NASDAQ:VERX) is Bryn Mawr Capital Management LLC's 4th Largest Position

Bryn Mawr Capital Management LLC cut its stake in Vertex, Inc. (NASDAQ:VERX - Free Report) by 38.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,596,000 shares of the company's stock after selling 1,000,000 shares during the period. Vertex accounts for approximately 2.7% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 4th largest position. Bryn Mawr Capital Management LLC owned 1.04% of Vertex worth $42,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Conestoga Capital Advisors LLC lifted its holdings in shares of Vertex by 19.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,832,620 shares of the company's stock valued at $76,311,000 after purchasing an additional 452,840 shares during the last quarter. Comerica Bank purchased a new position in shares of Vertex during the third quarter valued at approximately $4,763,000. Invesco Ltd. lifted its holdings in shares of Vertex by 85.7% during the third quarter. Invesco Ltd. now owns 425,192 shares of the company's stock valued at $9,822,000 after purchasing an additional 196,169 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vertex by 5.7% during the third quarter. Vanguard Group Inc. now owns 4,918,733 shares of the company's stock valued at $113,623,000 after purchasing an additional 264,884 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Vertex by 1,195.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 222,675 shares of the company's stock valued at $5,144,000 after purchasing an additional 205,489 shares during the last quarter. 59.10% of the stock is currently owned by hedge funds and other institutional investors.

Vertex Stock Performance

NASDAQ:VERX traded up $0.12 during trading hours on Friday, reaching $29.53. The company had a trading volume of 412,512 shares, compared to its average volume of 911,222. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.17. Vertex, Inc. has a 52 week low of $17.59 and a 52 week high of $35.38. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of -295.30, a PEG ratio of 7.58 and a beta of 0.62. The firm's 50 day moving average price is $29.62 and its 200-day moving average price is $27.05.

Vertex (NASDAQ:VERX - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Vertex had a negative net margin of 2.29% and a positive return on equity of 16.15%. The firm had revenue of $154.91 million during the quarter, compared to the consensus estimate of $146.44 million. On average, analysts forecast that Vertex, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other news, Director John Richard Stamm sold 6,500 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.48, for a total transaction of $191,620.00. Following the completion of the sale, the director now owns 15,930 shares of the company's stock, valued at approximately $469,616.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Lisa Butler sold 8,290 shares of Vertex stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $29.63, for a total transaction of $245,632.70. Following the transaction, the chief accounting officer now owns 250 shares in the company, valued at approximately $7,407.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Richard Stamm sold 6,500 shares of Vertex stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.48, for a total transaction of $191,620.00. Following the transaction, the director now owns 15,930 shares in the company, valued at approximately $469,616.40. The disclosure for this sale can be found here. Insiders sold a total of 1,161,048 shares of company stock valued at $35,034,678 in the last 90 days. Company insiders own 45.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VERX shares. Jefferies Financial Group raised their price target on shares of Vertex from $27.00 to $35.00 and gave the company a "hold" rating in a research report on Friday, March 1st. Bank of America reduced their price target on shares of Vertex from $40.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday. Needham & Company LLC raised their price target on shares of Vertex from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, March 1st. JMP Securities reissued a "market outperform" rating and set a $42.00 price target on shares of Vertex in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price target on shares of Vertex from $33.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Vertex currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

Vertex 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.