EntryPoint Capital LLC Makes New $201,000 Investment in Vertex, Inc. (NASDAQ:VERX)

EntryPoint Capital LLC acquired a new stake in Vertex, Inc. (NASDAQ:VERX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,760 shares of the company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in Vertex by 126.2% in the third quarter. Advisors Asset Management Inc. now owns 968 shares of the company’s stock valued at $37,000 after purchasing an additional 540 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Vertex in the 3rd quarter valued at approximately $448,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Vertex by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,068 shares of the company’s stock valued at $16,639,000 after buying an additional 23,086 shares during the last quarter. FMR LLC grew its position in shares of Vertex by 2.5% during the third quarter. FMR LLC now owns 2,287,774 shares of the company’s stock worth $88,102,000 after buying an additional 54,985 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Vertex by 119,107.3% in the third quarter. Quantbot Technologies LP now owns 48,875 shares of the company’s stock worth $1,882,000 after buying an additional 48,834 shares during the last quarter. 70.32% of the stock is currently owned by institutional investors and hedge funds.

Vertex Trading Down 0.9 %

Shares of VERX opened at $35.55 on Friday. The stock’s 50-day moving average price is $44.43 and its 200 day moving average price is $46.44. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Vertex, Inc. has a 12-month low of $27.22 and a 12-month high of $60.71. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 197.50, a P/E/G ratio of 6.66 and a beta of 0.87.

Vertex (NASDAQ:VERX) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $178.46 million during the quarter, compared to the consensus estimate of $176.90 million. Vertex had a net margin of 4.73% and a return on equity of 24.92%. As a group, research analysts predict that Vertex, Inc. will post 0.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

VERX has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Vertex from $46.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Robert W. Baird reduced their price target on shares of Vertex from $62.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Jefferies Financial Group lowered their price objective on Vertex from $62.00 to $48.00 and set a “buy” rating for the company in a report on Friday, February 28th. Raymond James reaffirmed a “market perform” rating on shares of Vertex in a report on Friday, January 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $60.00 price target on shares of Vertex in a research report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.82.

Insider Buying and Selling at Vertex

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $56.48, for a total value of $3,041,052.64. Following the completion of the transaction, the insider now owns 1,229,257 shares of the company’s stock, valued at $69,428,435.36. The trade was a 4.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Bryan T.R. Rowland sold 43,228 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $35.98, for a total transaction of $1,555,343.44. Following the completion of the transaction, the general counsel now owns 132 shares of the company’s stock, valued at $4,749.36. This trade represents a 99.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 44.58% of the company’s stock.

Vertex Company Profile

Vertex, Inc, together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools.