Vertex (VERX) Expected to Announce Earnings on Thursday

Vertex (NASDAQ:VERX) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Vertex to post earnings of $0.13 per share and revenue of $176.90 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Vertex Trading Down 3.1 %

VERX stock opened at $46.13 on Thursday. The company has a market capitalization of $7.19 billion, a PE ratio of 256.28, a price-to-earnings-growth ratio of 6.82 and a beta of 0.78. Vertex has a one year low of $24.17 and a one year high of $60.71. The company’s 50 day moving average price is $53.87 and its two-hundred day moving average price is $46.55. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jefferies Financial Group raised shares of Vertex from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $50.00 in a research note on Monday, November 4th. Robert W. Baird lifted their target price on shares of Vertex from $43.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Raymond James reaffirmed a “market perform” rating on shares of Vertex in a research note on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $61.00 target price on shares of Vertex in a research note on Monday, December 9th. Finally, Stifel Nicolaus lifted their price target on shares of Vertex from $52.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vertex currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.36.

Insider Buying and Selling

In related news, General Counsel Bryan T.R. Rowland sold 3,020 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $55.08, for a total value of $166,341.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Item Second Irr. Trust Fbo Kyl sold 53,843 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $56.48, for a total value of $3,041,052.64. Following the completion of the sale, the insider now owns 1,229,257 shares of the company’s stock, valued at approximately $69,428,435.36. This represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 889,584 shares of company stock worth $47,871,490 over the last three months. 44.58% of the stock is owned by insiders.

About Vertex

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.