Vertex Stock Today

VERX Stock  USD 35.61  0.36  1.02%   

Performance

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Odds Of Distress

Less than 20

 
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Vertex is trading at 35.61 as of the 13th of September 2024; that is 1.02% up since the beginning of the trading day. The stock's open price was 35.25. Vertex has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Vertex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 13th of September 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
29th of July 2020
Category
Technology
Classification
Information Technology
Vertex, Inc. provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania. The company has 65.36 M outstanding shares of which 6.04 M shares are at this time shorted by private and institutional investors with about 6.78 trading days to cover. More on Vertex

Moving together with Vertex Stock

  0.71DV DoubleVerify HoldingsPairCorr

Moving against Vertex Stock

  0.43DUOL Duolingo Tech BoostPairCorr
  0.33DMAN Innovativ Media GroupPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Vertex Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CEODavid DeStefano
Business ConcentrationApplication Software, Software - Application, Information Technology, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.960.7532
Significantly Up
Slightly volatile
Gross Profit Margin0.670.5733
Fairly Up
Slightly volatile
Total Current Liabilities381 M440.8 M
Fairly Down
Slightly volatile
Non Current Liabilities Total71.8 M66.2 M
Significantly Up
Slightly volatile
Total Assets583.7 M759.9 M
Way Down
Slightly volatile
Total Current Assets256.7 M262.6 M
Fairly Down
Slightly volatile
Total Cash From Operating Activities63.3 M73.3 M
Fairly Down
Slightly volatile
Debt Levels
Vertex can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Vertex's financial leverage. It provides some insight into what part of Vertex's total assets is financed by creditors.
Liquidity
Vertex currently holds 66.97 M in liabilities with Debt to Equity (D/E) ratio of 0.36, which is about average as compared to similar companies. Vertex has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Vertex's use of debt, we should always consider it together with its cash and equity.

Other Cashflows From Financing Activities

(28.99 Million)
Vertex (VERX) is traded on NASDAQ Exchange in USA. It is located in 2301 Renaissance Boulevard, King of Prussia, PA, United States, 19406 and employs 1,500 people. Vertex is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.55 B. Vertex conducts business under Software sector and is part of Information Technology industry. The entity has 65.36 M outstanding shares of which 6.04 M shares are at this time shorted by private and institutional investors with about 6.78 trading days to cover. Vertex currently holds about 92.5 M in cash with 73.33 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.62.
Check Vertex Probability Of Bankruptcy
Ownership Allocation
The majority of Vertex outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Vertex to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Vertex. Please pay attention to any change in the institutional holdings of Vertex as this could imply that something significant has changed or is about to change at the company.
Check Vertex Ownership Details

Vertex Stock Institutional Holders

InstituionRecorded OnShares
Wsfs Capital Management, Llc2024-06-30
1.6 M
Franklin Resources Inc2024-06-30
1.4 M
Geode Capital Management, Llc2024-06-30
1.2 M
Palisade Capital Management Llc2024-06-30
1.2 M
Fuller & Thaler Asset Management Inc2024-06-30
1.1 M
Geneva Capital Management2024-06-30
M
State Street Corp2024-06-30
998.3 K
T. Rowe Price Investment Management,inc.2024-06-30
964.1 K
Banque Pictet & Cie Sa2024-06-30
949.5 K
Vanguard Group Inc2024-06-30
6.4 M
Blackrock Inc2024-06-30
4.7 M
View Vertex Diagnostics

Vertex Historical Income Statement

At this time, Vertex's Tax Provision is fairly stable compared to the past year. EBITDA is likely to rise to about 83.3 M in 2024, whereas Net Interest Income is likely to drop (1.2 M) in 2024. View More Fundamentals

Vertex Stock Against Markets

Vertex Corporate Management

Salvatore ViscaChief OfficerProfile
Ben AskinChief OfficerProfile
Amanda RadcliffeCoOwner DirectorProfile
Stefanie ThompsonCoOwner DirectorProfile
John SchwabChief OfficerProfile
Steven HinckleyChief OfficerProfile

Additional Tools for Vertex Stock Analysis

When running Vertex's price analysis, check to measure Vertex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vertex is operating at the current time. Most of Vertex's value examination focuses on studying past and present price action to predict the probability of Vertex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vertex's price. Additionally, you may evaluate how the addition of Vertex to your portfolios can decrease your overall portfolio volatility.