tax is a complex and time-consuming challenge for companies around the world. constantly changing accounting and regulatory requirements, greater scrutiny from audit committees, and a shrinking pool of talent are all putting more pressure on the corporate tax function than ever before. the trusted leader in tax technology excellence we're vertex. since 1978, over 10,000 corporate customers have relied on us for innovative tax processing solutions. spend some time learning more about our rich history. combining advanced technology, sophisticated software, and an exceptional team of experienced tax experts, we help our customers unlock huge process and productivity gains, limit risk, and make tax a more integral, strategic contributor to business success. over the past 15 years vertex established a reputation for excellence in partnering and is considered a premier partner with sap, oracle, and other leading software providers. also, vertex works closely with the big 4 and other t
Company profile
Ticker
VERX
Exchange
Website
CEO
David DeStefano
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
SEC CIK
Corporate docs
IRS number
232081753
VERX stock data
Latest filings (excl ownership)
8-K
Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering
23 Apr 24
8-K
Vertex Provides Preliminary Financial Results for First Quarter 2024 and Announces First Quarter Earnings Call Date
22 Apr 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Vertex Announces Fourth Quarter and Full Year 2023 Financial Results
29 Feb 24
8-K
Departure of Directors or Certain Officers
28 Feb 24
8-K
Entry into a Material Definitive Agreement
13 Dec 23
8-K
Vertex, Inc. Announces Offer to Acquire E-Invoicing Leader Pagero
13 Dec 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Vertex Announces Third Quarter 2023 Financial Results
9 Nov 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
VERX
Earnings call transcript
2023 Q4
29 Feb 24
VERX
Earnings call transcript
2023 Q3
9 Nov 23
VERX
Earnings call transcript
2023 Q2
9 Aug 23
VERX
Earnings call transcript
2023 Q1
10 May 23
VERX
Earnings call transcript
2022 Q4
8 Mar 23
VERX
Earnings call transcript
2022 Q3
9 Nov 22
VERX
Earnings call transcript
2022 Q2
12 Aug 22
VERX
Earnings call transcript
2022 Q1
10 May 22
VERX
Earnings call transcript
2021 Q4
9 Mar 22
VERX
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
4
Jeffrey Westphal
9 Apr 24
144
Notice of proposed sale of securities
5 Apr 24
4
Change in insider ownership
28 Mar 24
4
Change in insider ownership
28 Mar 24
4
Change in insider ownership
25 Mar 24
4
Change in insider ownership
25 Mar 24
4
Change in insider ownership
25 Mar 24
4
Change in insider ownership
20 Mar 24
4
Change in insider ownership
20 Mar 24
4
Change in insider ownership
20 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 81.12 mm | 81.12 mm | 81.12 mm | 81.12 mm | 81.12 mm | 81.12 mm |
Cash burn (monthly) | (no burn) | 1.26 mm | 871.67 k | 1.66 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 8.65 mm | 5.99 mm | 11.44 mm | n/a | n/a |
Cash remaining | n/a | 72.47 mm | 75.13 mm | 69.68 mm | n/a | n/a |
Runway (months of cash) | n/a | 57.6 | 86.2 | 41.9 | n/a | n/a |
Institutional ownership, Q3 2023
79.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 122 |
Opened positions | 22 |
Closed positions | 21 |
Increased positions | 55 |
Reduced positions | 30 |
13F shares | Current |
---|---|
Total value | 1.03 tn |
Total shares | 48.69 mm |
Total puts | 22.00 k |
Total calls | 100.30 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Tensile Capital Management | 5.81 mm | $134.14 bn |
Vanguard | 4.92 mm | $113.62 bn |
Fred Alger Management | 4.65 mm | $107.45 bn |
Neuberger Berman | 3.97 mm | $91.68 bn |
Alger Associates | 3.75 mm | $0.00 |
WSFS Capital Management | 2.60 mm | $59.97 bn |
Conestoga Capital Advisors | 2.38 mm | $54.97 bn |
JPM JPMorgan Chase & Co. | 2.35 mm | $54.20 bn |
TimesSquare Capital Management | 1.44 mm | $33.45 bn |
William Blair Investment Management | 1.43 mm | $32.99 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Apr 24 | Jeffery Westphal | Class A Common Stock | Sell | Dispose S | Yes | No | 30.05 | 791,133 | 23.77 mm | 1,554,641 |
27 Mar 24 | Irrevocable Trust For Benefit Of Nicholas A. Shuhan 2020 | Class A Common Stock | Sell | Dispose S | No | No | 30.221 | 30,692 | 927.54 k | 0.294 |
26 Mar 24 | Irrevocable Trust For Benefit Of Nicholas A. Shuhan 2020 | Class A Common Stock | Sell | Dispose S | No | No | 30.234 | 50,669 | 1.53 mm | 30,692.294 |
26 Mar 24 | SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM | Class A Common Stock | Sell | Dispose S | No | No | 30.271 | 27,128 | 821.19 k | 965,073.706 |
25 Mar 24 | Irrevocable Trust For Benefit Of Nicholas A. Shuhan 2020 | Class A Common Stock | Sell | Dispose S | No | No | 30.092 | 47,522 | 1.43 mm | 81,361.294 |
25 Mar 24 | SECOND IRR. TRUST FBO JACOB J. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM | Class A Common Stock | Sell | Dispose S | No | No | 30.027 | 2,859 | 85.85 k | 1,197,706 |
21 Mar 24 | Irrevocable Trust For Benefit Of Nicholas A. Shuhan 2020 | Class A Common Stock | Sell | Dispose S | No | No | 30 | 100 | 3.00 k | 128,883.294 |
21 Mar 24 | SECOND IRR. TRUST FBO JACOB J. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 ITEM | Class A Common Stock | Sell | Dispose S | No | No | 30 | 100 | 3.00 k | 1,200,565 |
News
Reported Earlier, Vertex Prices Upsized $300M 0.750% Convertible Senior Notes Due 2029
24 Apr 24
Cracking The Code: Understanding Analyst Reviews For Vertex
23 Apr 24
Citigroup Maintains Neutral on Vertex, Lowers Price Target to $32
23 Apr 24
B of A Securities Maintains Neutral on Vertex, Lowers Price Target to $34
23 Apr 24
12 Information Technology Stocks Moving In Thursday's Pre-Market Session
4 Apr 24
Press releases
Vertex Selected to Join Oracle ISV Accelerator for SaaS Initiative
24 Apr 24
Vertex, Inc. Announces Pricing of Upsized $300 Million Convertible Senior Notes Offering
23 Apr 24
Vertex Provides Preliminary Financial Results for First Quarter 2024 and Announces First Quarter Earnings Call Date
22 Apr 24
Vertex, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes
22 Apr 24
Vertex Announces Fourth Quarter and Full Year 2023 Financial Results
29 Feb 24