VertexVERX
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: 1,500
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
27,959% more call options, than puts
Call options by funds: $159M | Put options by funds: $565K
170% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 20
44% more capital invested
Capital invested by funds: $2.74B [Q3] → $3.93B (+$1.19B) [Q4]
20% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]
18% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 78
15% more funds holding
Funds holding: 216 [Q3] → 248 (+32) [Q4]
3.08% more ownership
Funds ownership: 108.59% [Q3] → 111.67% (+3.08%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
DA Davidson William Jellison 0% 1-year accuracy 0 / 1 met price target | 46%upside $62 | Buy Initiated | 31 Dec 2024 |
Stifel Brad Reback 59% 1-year accuracy 29 / 49 met price target | 37%upside $58 | Buy Maintained | 18 Dec 2024 |
Citigroup Steven Enders 70% 1-year accuracy 19 / 27 met price target | 27%upside $54 | Neutral Maintained | 16 Dec 2024 |
JMP Securities Patrick Walravens 67% 1-year accuracy 73 / 109 met price target | 44%upside $61 | Market Outperform Reiterated | 9 Dec 2024 |
Financial journalist opinion
Based on 3 articles about VERX published over the past 30 days
