71,901 Shares in Vertex, Inc. (NASDAQ:VERX) Bought by Jump Financial LLC

Jump Financial LLC acquired a new position in shares of Vertex, Inc. (NASDAQ:VERX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 71,901 shares of the company's stock, valued at approximately $1,937,000.

Several other hedge funds have also made changes to their positions in VERX. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vertex during the third quarter worth $49,000. RiverPark Advisors LLC acquired a new stake in shares of Vertex during the third quarter worth $60,000. Raymond James & Associates purchased a new position in shares of Vertex in the 3rd quarter worth $224,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vertex by 33.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,953 shares of the company's stock worth $241,000 after buying an additional 2,228 shares during the period. Finally, Premier Fund Managers Ltd purchased a new position in shares of Vertex in the 3rd quarter worth $267,000. Institutional investors and hedge funds own 59.10% of the company's stock.

Insider Buying and Selling at Vertex

In other Vertex news, Director John Richard Stamm sold 6,500 shares of Vertex stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.48, for a total value of $191,620.00. Following the completion of the transaction, the director now directly owns 15,930 shares in the company, valued at $469,616.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Vertex news, Director John Richard Stamm sold 6,500 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.48, for a total transaction of $191,620.00. Following the completion of the transaction, the director now owns 15,930 shares in the company, valued at approximately $469,616.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Item Second Irr. Trust Fbo Ann sold 26,609 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $33.62, for a total value of $894,594.58. Following the completion of the transaction, the insider now directly owns 1,338,465 shares of the company's stock, valued at approximately $44,999,193.30. The disclosure for this sale can be found here. Insiders sold a total of 1,161,048 shares of company stock worth $35,034,678 over the last ninety days. Company insiders own 45.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VERX. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Vertex in a research report on Monday, May 6th. Citigroup cut their price objective on Vertex from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 23rd. JMP Securities reissued a "market outperform" rating and issued a $42.00 price objective on shares of Vertex in a research report on Tuesday, April 23rd. Bank of America dropped their target price on Vertex from $40.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group lifted their target price on Vertex from $33.00 to $39.00 and gave the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat, Vertex presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.67.

Vertex Stock Down 1.0 %

NASDAQ:VERX traded down $0.31 during mid-day trading on Tuesday, reaching $31.39. The stock had a trading volume of 739,825 shares, compared to its average volume of 664,101. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 784.75, a price-to-earnings-growth ratio of 8.56 and a beta of 0.65. Vertex, Inc. has a 1-year low of $17.59 and a 1-year high of $35.38. The stock's 50 day simple moving average is $30.31 and its two-hundred day simple moving average is $27.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.60 and a quick ratio of 0.60.

Vertex (NASDAQ:VERX - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $154.91 million during the quarter, compared to the consensus estimate of $146.44 million. Vertex had a return on equity of 18.67% and a net margin of 1.29%. Equities analysts anticipate that Vertex, Inc. will post 0.36 EPS for the current year.

About Vertex

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.