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 Q3 regulatory filings by fund managers ($100M+ AUM)
11,640% more call options, than puts
Call options by funds: $117M | Put options by funds: $995K
48% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 29
28% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 65
7% more capital invested
Capital invested by funds: $2.48B [Q2] → $2.67B (+$184M) [Q3]
7% more funds holding
Funds holding: 202 [Q2] → 216 (+14) [Q3]
0.22% less ownership
Funds ownership: 106.07% [Q2] → 105.85% (-0.22%) [Q3]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Stifel Brad Reback 72% 1-year accuracy 34 / 47 met price target | 8%upside $58 | Buy Maintained | 18 Dec 2024 |
Citigroup Steven Enders 87% 1-year accuracy 20 / 23 met price target | 1%upside $54 | Neutral Maintained | 16 Dec 2024 |
JMP Securities Patrick Walravens 69% 1-year accuracy 74 / 108 met price target | 14%upside $61 | Market Outperform Reiterated | 9 Dec 2024 |
Morgan Stanley Stan Zlotsky 33% 1-year accuracy 1 / 3 met price target | 16%upside $62 | Overweight Maintained | 13 Nov 2024 |
BMO Capital Daniel Jester 83% 1-year accuracy 20 / 24 met price target | 3%downside $52 | Market Perform Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 5 articles about VERX published over the past 30 days
