Vertex (VERX)

• Market cap: $5.31B
• 1 day: 2.16%
• 5 days: 4.97%
• 1 month: -27.78%
• 3 months: -36.98%
• 6 months: -7.69%
• Year to date: -36.86%
• 1 year: 12.34%
• 5 years: 40.37%
• 10 years: 40.37%
• Sector: Information Technology
• Industry: Prepackaged Software

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: 1,900

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

27,959% more call options, than puts

Call options by funds: $159M | Put options by funds: $565K

175% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 20

44% more capital invested

Capital invested by funds: $2.74B [Q3] → $3.94B (+$1.2B) [Q4]

21% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 77

20% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]

15% more funds holding

Funds holding: 216 [Q3] → 249 (+33) [Q4]

3.26% more ownership

Funds ownership: 108.58% [Q3] → 111.84% (+3.26%) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 8% downside
• Avg. target: $47 39% upside
• High target: $55 64% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

Goldman Sachs Adam Hotchkiss 38% 1-year accuracy 6 / 16 met price target	43% upside $48	Buy Maintained	3 Mar 2025
Jefferies Samad Samana 33% 1-year accuracy 6 / 18 met price target	43% upside $48	Buy Maintained	28 Feb 2025
DA Davidson William Jellison 50% 1-year accuracy 1 / 2 met price target	64% upside $55	Buy Maintained	28 Feb 2025
Baird Rob Oliver 40% 1-year accuracy 17 / 42 met price target	34% upside $45	Outperform Maintained	28 Feb 2025
Stifel Brad Reback 30% 1-year accuracy 14 / 46 met price target	8% downside $31	Hold Downgraded	28 Feb 2025