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

Computer Software: Prepackaged Software

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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

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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 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
$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
$VERX
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$VERX
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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
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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
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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
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

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

SEC Form 144 filed by Vertex Inc.

$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

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PRESIDENT & CEO Destefano David gifted 210,084 shares, decreasing direct ownership by 30% to 491,397 units (SEC Form 4)

13(D) GROUP MEMBER Item Second Irr. Trust Fbo Jacob J. Westphal U/A Of Jeffrey R. Westphal Dated October 5, 2001 sold $5,462,274 worth of shares (135,146 units at $40.42), decreasing direct ownership by 13% to 932,706 units (SEC Form 4)

13(D) GROUP MEMBER Item Second Irr. Trust Fbo Anne Marie Westphal U/A Of Jeffrey R. Westphal Dated October 5, 2001 sold $3,018,886 worth of shares (75,175 units at $40.16), decreasing direct ownership by 9% to 765,074 units (SEC Form 4)

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

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

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

Vertex Announces Third Quarter 2024 Financial Results

Vertex Advances Tax Technology Innovation at Exchange 2024

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

$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 Financials

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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 Leadership Updates

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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

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