Bank Julius Baer & Co. Ltd Zurich Has $11.52 Million Stock Holdings in Vertex, Inc. (NASDAQ:VERX)

Bank Julius Baer & Co. Ltd Zurich boosted its position in Vertex, Inc. (NASDAQ:VERX) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,102 shares of the company’s stock after buying an additional 24,383 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.14% of Vertex worth $11,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new position in shares of Vertex in the 4th quarter worth $38,000. Plato Investment Management Ltd purchased a new position in Vertex in the fourth quarter valued at approximately $41,000. Armstrong Advisory Group Inc. bought a new stake in Vertex in the 4th quarter valued at about $50,000. Advisors Asset Management Inc. raised its position in shares of 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 period. Finally, Assetmark Inc. purchased a new stake in shares of Vertex during the fourth quarter worth $79,000. Institutional investors own 70.32% of the company’s stock.

Vertex Stock Down 4.6 %

VERX stock opened at $32.50 on Friday. Vertex, Inc. has a one year low of $27.22 and a one year high of $60.71. The firm’s 50 day moving average price is $50.04 and its 200-day moving average price is $46.60. The firm has a market cap of $5.07 billion, a PE ratio of 180.56, a PEG ratio of 6.66 and a beta of 0.87. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04.

Vertex (NASDAQ:VERX) last issued its earnings results on Thursday, February 27th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $178.46 million for the quarter, compared to analysts’ expectations of $176.90 million. Vertex had a return on equity of 24.92% and a net margin of 4.73%. On average, equities research analysts anticipate that Vertex, Inc. will post 0.38 EPS for the current year.

Analyst Ratings Changes

VERX has been the topic of several research analyst reports. Morgan Stanley upped their price target on shares of Vertex from $50.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Robert W. Baird decreased their target price 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. DA Davidson cut their target price on shares of Vertex from $62.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Raymond James reissued a “market perform” rating on shares of Vertex in a research note on Friday, January 3rd. Finally, Jefferies Financial Group cut their price objective on Vertex from $62.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vertex currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Insider Transactions at Vertex

In other news, major shareholder Item Second Irr. Trust Fbo Kyl sold 13,346 shares of Vertex stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.13, for a total value of $735,764.98. Following the completion of the transaction, the insider now directly owns 1,344,754 shares of the company’s stock, valued at approximately $74,136,288.02. The trade was a 0.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Destefano sold 216,268 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $55.04, for a total transaction of $11,903,390.72. Following the completion of the sale, the chief executive officer now directly owns 293,345 shares in the company, valued at approximately $16,145,708.80. This trade represents a 42.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 858,457 shares of company stock valued at $46,160,958 over the last quarter. Company 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.