Vertex (VERX)

• Market cap: $6.28B
• 1 day: 1.59%
• 5 days: 0.43%
• 1 month: 12.33%
• 3 months: -30.33%
• 6 months: -5.07%
• Year to date: -25.36%
• 1 year: 42.13%
• 5 years: 65.94%
• 10 years: 65.94%
• Sector: Technology
• Industry: Software - Application

About: Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. Vertex provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting among others. The company derives revenue from software subscriptions.

Employees: 1,900

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

27,959% more call options, than puts

Call options by funds: $159M | Put options by funds: $565K

175% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 20

48% more capital invested

Capital invested by funds: $2.67B [Q3] → $3.94B (+$1.27B) [Q4]

21% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 77

20% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]

15% more funds holding

Funds holding: 216 [Q3] → 249 (+33) [Q4]

6.0% more ownership

Funds ownership: 105.84% [Q3] → 111.84% (+6.0%) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 22% downside
• Avg. target: $50 25% upside
• High target: $61 54% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Morgan Stanley Stan Zlotsky 25% 1-year accuracy 1 / 4 met price target	39% upside $55	Overweight Maintained	16 Apr 2025
DA Davidson William Jellison 20% 1-year accuracy 1 / 5 met price target	26% upside $50	Buy Maintained	14 Apr 2025
Citizens Capital Markets Patrick Walravens 25% 1-year accuracy 29 / 114 met price target	54% upside $61	Market Outperform Reiterated	20 Mar 2025
Needham Joshua Reilly 32% 1-year accuracy 25 / 77 met price target	51% upside $60	Buy Reiterated	20 Mar 2025
Goldman Sachs Adam Hotchkiss 33% 1-year accuracy 8 / 24 met price target	21% upside $48	Buy Maintained	3 Mar 2025