Vertex (VERX)

• Market cap: $5.71B
• 1 day: 3.06%
• 5 days: 2.07%
• 1 month: 12.33%
• 3 months: -32.18%
• 6 months: -7.98%
• Year to date: -32.18%
• 1 year: 12.64%
• 5 years: 50.77%
• 10 years: 50.77%
• Sector: Information Technology
• Industry: Prepackaged Software

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

175% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 20

44% more capital invested

Capital invested by funds: $2.74B [Q3] → $3.94B (+$1.2B) [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]

3.26% more ownership

Funds ownership: 108.58% [Q3] → 111.84% (+3.26%) [Q4]

Research analyst outlook

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

• Low target: $31 14% downside
• Avg. target: $51 41% upside
• High target: $61 69% upside

8 analyst ratings

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

Citizens Capital Markets Patrick Walravens 67% 1-year accuracy 73 / 109 met price target	69% upside $61	Market Outperform Reiterated	20 Mar 2025
Morgan Stanley Stan Zlotsky 0% 1-year accuracy 0 / 3 met price target	66% upside $60	Overweight Maintained	20 Mar 2025
Needham Joshua Reilly 41% 1-year accuracy 31 / 76 met price target	66% upside $60	Buy Reiterated	20 Mar 2025
Goldman Sachs Adam Hotchkiss 57% 1-year accuracy 12 / 21 met price target	33% upside $48	Buy Maintained	3 Mar 2025
Jefferies Samad Samana 33% 1-year accuracy 6 / 18 met price target	33% upside $48	Buy Maintained	28 Feb 2025