Vertex (NASDAQ:VERX) Announces Quarterly Earnings Results

Vertex (NASDAQ:VERX) issued its quarterly earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03), Zacks reports. Vertex had a return on equity of 24.92% and a net margin of 4.73%. Vertex updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Vertex Stock Performance

Shares of VERX traded down $8.09 during mid-day trading on Thursday, reaching $34.54. 7,573,544 shares of the company’s stock were exchanged, compared to its average volume of 1,125,022. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $5.39 billion, a PE ratio of 191.89, a price-to-earnings-growth ratio of 6.66 and a beta of 0.78. The business’s fifty day simple moving average is $52.90 and its 200-day simple moving average is $46.83. Vertex has a 52-week low of $24.86 and a 52-week high of $60.71.

Analyst Upgrades and Downgrades

VERX has been the topic of several analyst reports. Stifel Nicolaus raised their target price on shares of Vertex from $52.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup raised their target price on shares of Vertex from $46.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group raised shares of Vertex from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $50.00 in a report on Monday, November 4th. BMO Capital Markets raised their price objective on shares of Vertex from $42.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on shares of Vertex from $43.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.36.

Insider Transactions at Vertex

In related news, major shareholder Item Second Irr. Trust Fbo Kyl sold 13,346 shares of Vertex stock in a transaction on Monday, December 9th. The shares were sold at an average price of $55.13, for a total value of $735,764.98. Following the transaction, the insider now directly owns 1,344,754 shares in the company, valued at $74,136,288.02. This trade represents a 0.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Westphal sold 575,000 shares of Vertex stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $53.01, for a total transaction of $30,480,750.00. Following the completion of the transaction, the insider now owns 7,895 shares in the company, valued at approximately $418,513.95. This trade represents a 98.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 858,457 shares of company stock worth $46,160,958. 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.