Vertex Q1 2024 Adj EPS $0.15 Beats $0.13 Estimate, Sales $156.781M Beat $154.914M Estimate

5/8/24 7:07:16 AM ET

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Vertex (NASDAQ:VERX) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.13 by 15.38 percent. The company reported quarterly sales of $156.781 million which beat the analyst consensus estimate of $154.914 million by 1.20 percent. This is a 18.10 percent increase over sales of $132.751 million the same period last year.

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Recent Analyst Ratings for
$VERX

Date	Price Target	Rating	Analyst
11/4/2024	$35.00 → $50.00	Hold → Buy	Jefferies
7/23/2024	$43.00	Outperform	Robert W. Baird
3/1/2024	$40.00	Underperform → Neutral	BofA Securities
9/18/2023	$25.00	Overweight	Morgan Stanley
3/9/2023	$16.00 → $20.00	Underperform → Neutral	BofA Securities
2/9/2023	$19.00	Outperform	Raymond James
1/5/2023	$15.00	Buy → Hold	Jefferies
10/21/2022	$20.00	Buy	Goldman

More analyst ratings

Vertex Selected to Join Oracle ISV Accelerator for SaaS Initiative
KING OF PRUSSIA, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions and a member of Oracle PartnerNetwork (OPN), today announced that it has been selected to join the Oracle Independent Software Vendor (ISV) Accelerator for SaaS Initiative. With expertise in Oracle Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimize customer operations and outcomes. "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Throu
4/24/24 8:00:00 AM ET
$VERX
Computer Software: Prepackaged Software
Technology
Vertex Announces New Leadership with Three Strategic Appointments in Customer Success and Services, Tax Research and Global Talent
KING OF PRUSSIA, Pa., Dec. 21, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced today the appointment of three experienced leaders: Mindy Cunningham as SVP, Customer Success and Services; Jessica Nowlin, VP, Tax Research; and Angela Travagline VP, Global Talent and Organizational Effectiveness. The wealth of knowledge and skill set they bring will reinforce the company's strategic focus on customer success, tax research effectiveness and talent development. "These new appointments encompass vital aspects of our operations and are instrumental in Vertex's continuous journey as a leader in the SaaS land
12/21/23 8:00:00 AM ET
$VERX
Computer Software: Prepackaged Software
Technology
Vertex Partners with Shopify to Streamline Global Tax Compliance
KING OF PRUSSIA, Pa., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced today its partnership with Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce. This partnership will enable enterprise merchants using the Shopify Tax Platform for business-to-business (B2B) and business-to-consumer (B2C) sales to automate tax calculation and compliance on a global scale. The SaaS-based solution removes barriers to commerce growth and accelerates the transaction process by eliminating the need to manually update complex rates and rules for over 195 countries, inclu
11/6/23 8:00:00 AM ET
$VERX
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$VERX
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Vertex Global Survey Finds Half of Organizations Lagging in Tax and Finance Automation
KING OF PRUSSIA, Pa. and LONDON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, announced a new survey revealing automation and digital transformation are top priorities for driving business growth in tax and finance, but many organizations still have work to do. The 2024 Global Tax Transformation Report studied more than 600 global tax and finance professionals, manager level and above, and found that 80% consider tax and finance transformation key to business optimization, though only half of organizations have progressed in this direction. Challenges such as a lack of IT support (34%), budget const
11/13/24 7:00:00 AM ET
$VERX
Computer Software: Prepackaged Software
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Vertex Announces Third Quarter 2024 Financial Results
KING OF PRUSSIA, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2024. "The third quarter of 2024 was another great quarter for Vertex", stated David DeStefano, Vertex's President, Chief Executive Officer and Chairperson of the Board. "Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our h
11/6/24 7:05:22 AM ET
$VERX
Computer Software: Prepackaged Software
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Vertex Advances Tax Technology Innovation at Exchange 2024
KING OF PRUSSIA, Pa., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, released new innovations, honored partners and fostered big ideas in the world of tax technology at its annual Vertex Exchange conference in New Orleans, Louisiana. Bringing together a record number of attendees – industry leaders, tax professionals, and technology innovators focused on the future of tax compliance while exploring the latest intelligent solutions to overcome the challenges of today's evolving business obligations. Demonstrating its commitment to innovation, Vertex continues to enhance its offerings with advanced A
10/31/24 8:00:00 AM ET
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Vertex Announces Third Quarter 2024 Financial Results
KING OF PRUSSIA, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced financial results for its third quarter ended September 30, 2024. "The third quarter of 2024 was another great quarter for Vertex", stated David DeStefano, Vertex's President, Chief Executive Officer and Chairperson of the Board. "Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our h
11/6/24 7:05:22 AM ET
$VERX
Computer Software: Prepackaged Software
Technology
Vertex to Announce Third Quarter 2024 Financial Results on Wednesday, November 6, 2024
KING OF PRUSSIA, Pa., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a leading global technology provider of indirect tax solutions, today announced that it will release third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. A conference call to discuss the results will be held at 8:30 a.m. Eastern Time that same day. Those wishing to participate may do so by dialing 1-412-317-6026 approximately ten minutes prior to start time. A listen-only webcast of the call will also be available through the Company's Investor Relations website at https://ir.vertexinc.com. A conference call replay will be available approximately one hour after the
10/21/24 4:05:00 PM ET
$VERX
Computer Software: Prepackaged Software
Technology
Vertex Completes Acquisition of ecosio
KING OF PRUSSIA, Pa., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced that it has completed the acquisition of ecosio, a leading B2B integration provider specializing in electronic data interchange (EDI) and e-invoicing, as of August 30, 2024. David DeStefano, CEO of Vertex, stated, "We welcome the ecosio team to the Vertex family. E-invoicing is going to change the way international companies handle Value Added Tax compliance and reporting. By integrating ecosio's e-invoicing capabilities together with Vertex's leading indirect tax software platform, we're delivering a comprehen
9/4/24 7:05:00 AM ET
$VERX
Computer Software: Prepackaged Software
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Vertex Q1 2024 Adj EPS $0.15 Beats $0.13 Estimate, Sales $156.781M Beat $154.914M Estimate

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Recent Analyst Ratings for $VERX

$VERX SEC Filings

Vertex Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

SEC Form 10-Q filed by Vertex Inc.

Vertex Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$VERX Market Insights

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The Analyst Landscape: 5 Takes On Vertex

Baird Initiates Coverage On Vertex with Outperform Rating, Announces Price Target of $43

Citigroup Maintains Neutral on Vertex, Raises Price Target to $36

$VERX Leadership Updates

Live Leadership Updates

Vertex Selected to Join Oracle ISV Accelerator for SaaS Initiative

Vertex Announces New Leadership with Three Strategic Appointments in Customer Success and Services, Tax Research and Global Talent

Vertex Partners with Shopify to Streamline Global Tax Compliance

$VERX Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Large owner Item Second Irr. Trust Fbo Kyle R. Westphal U/A Of Jeffrey R. Westphal Dated October 5, 2001 sold $3,785,737 worth of shares (72,000 units at $52.58), decreasing direct ownership by 5% to 1,358,100 units (SEC Form 4)

PRESIDENT & CEO Destefano David sold $9,828,118 worth of shares (198,151 units at $49.60), decreasing direct ownership by 40% to 293,246 units (SEC Form 4)

Large owner Westphal Jeffrey converted options into 2,485,000 shares and sold $121,516,500 worth of shares (2,485,000 units at $48.90) (SEC Form 4)

$VERX Press Releases

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Vertex Global Survey Finds Half of Organizations Lagging in Tax and Finance Automation

Vertex Announces Third Quarter 2024 Financial Results

Vertex Advances Tax Technology Innovation at Exchange 2024

$VERX Financials

Live finance-specific insights

Vertex Announces Third Quarter 2024 Financial Results

Vertex to Announce Third Quarter 2024 Financial Results on Wednesday, November 6, 2024

Vertex Completes Acquisition of ecosio

$VERX Analyst Ratings

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Vertex upgraded by Jefferies with a new price target

Robert W. Baird initiated coverage on Vertex with a new price target

Vertex upgraded by BofA Securities with a new price target

$VERX Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Vertex Inc.

Amendment: SEC Form SC 13G/A filed by Vertex Inc.

Amendment: SEC Form SC 13G/A filed by Vertex Inc.

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