Quantbot Technologies LP Sells 832 Shares of Vertex, Inc. (NASDAQ:VERX)

Quantbot Technologies LP decreased its position in Vertex, Inc. (NASDAQ:VERXFree Report) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,031 shares of the company’s stock after selling 832 shares during the period. Quantbot Technologies LP’s holdings in Vertex were worth $301,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VERX. Bryn Mawr Capital Management LLC purchased a new position in Vertex in the second quarter valued at approximately $50,486,000. Vanguard Group Inc. lifted its stake in Vertex by 25.9% in the third quarter. Vanguard Group Inc. now owns 3,494,699 shares of the company’s stock valued at $47,772,000 after purchasing an additional 717,947 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Vertex in the second quarter valued at approximately $11,198,000. Schonfeld Strategic Advisors LLC purchased a new position in Vertex in the first quarter valued at approximately $11,858,000. Finally, Neuberger Berman Group LLC raised its holdings in Vertex by 10.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,632,850 shares of the company’s stock valued at $49,661,000 after acquiring an additional 345,005 shares during the period. Hedge funds and other institutional investors own 28.31% of the company’s stock.

Insider Buying and Selling at Vertex

In other Vertex news, CFO John R. Schwab sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $26.55, for a total transaction of $663,750.00. Following the sale, the chief financial officer now owns 23,316 shares in the company, valued at $619,039.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Vertex news, major shareholder Jeffery Westphal sold 1,899,025 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.06, for a total transaction of $49,488,591.50. Following the sale, the insider now owns 7,895 shares in the company, valued at $205,743.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John R. Schwab sold 25,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $26.55, for a total value of $663,750.00. Following the sale, the chief financial officer now owns 23,316 shares in the company, valued at approximately $619,039.80. The disclosure for this sale can be found here. Insiders have sold 2,276,497 shares of company stock worth $60,074,108 over the last 90 days. Corporate insiders own 45.00% of the company’s stock.

Analyst Upgrades and Downgrades

VERX has been the subject of a number of analyst reports. Raymond James raised their price target on Vertex from $24.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Citigroup cut their price target on Vertex from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price target on shares of Vertex in a report on Tuesday, January 16th. BMO Capital Markets raised their price target on Vertex from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Friday, November 10th. Finally, The Goldman Sachs Group raised their price target on Vertex from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.78.

View Our Latest Report on VERX

Vertex Trading Up 2.8 %

Shares of VERX stock opened at $26.58 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 0.55. Vertex, Inc. has a 52-week low of $13.80 and a 52-week high of $30.00. The company has a market capitalization of $4.07 billion, a PE ratio of -115.57, a price-to-earnings-growth ratio of 6.67 and a beta of 0.50. The business’s fifty day moving average is $26.15 and its 200 day moving average is $24.02.

Vertex (NASDAQ:VERXGet Free Report) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Vertex had a positive return on equity of 13.30% and a negative net margin of 6.15%. The company had revenue of $145.03 million for the quarter, compared to the consensus estimate of $142.05 million. On average, equities research analysts anticipate that Vertex, Inc. will post 0.21 EPS for the current fiscal year.

About Vertex

(Free Report)

Vertex, Inc provides tax technology solutions for retail, communication, leasing, retail trade, wholesale trade, technology, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integration, and industry-specific solutions.

See Also

Want to see what other hedge funds are holding VERX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertex, Inc. (NASDAQ:VERXFree Report).

Institutional Ownership by Quarter for Vertex (NASDAQ:VERX)

Receive News & Ratings for Vertex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertex and related companies with MarketBeat.com's FREE daily email newsletter.