VertexVERX Market cap $6.3B
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 Q2 SEC filings by fund managers ($100M+ AUM)
3,294% more call options, than puts
Call options by funds: $113M | Put options by funds: $3.34M
78% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 36
37% more capital invested
Capital invested by funds: $1.78B [Q1] → $2.45B (+$668M) [Q2]
25% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 52
16% more funds holding
Funds holding: 174 [Q1] → 202 (+28) [Q2]
13.6% more ownership
Funds ownership: 90.98% [Q1] → 104.58% (+13.6%) [Q2]
13% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 7 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JMP Securities Patrick Walravens 47% 1-year accuracy 45 / 95 met price target | 16%upside $47 | Market Outperform Maintained | 31 Jul 2024 |
Baird Rob Oliver 63% 1-year accuracy 22 / 35 met price target | 6%upside $43 | Outperform Initiated | 23 Jul 2024 |
Financial journalist opinion
Based on 7 articles about VERX published over the past 30 days