Vertex (VERX) Stock Insights
VERX$14.81+0.01 +0.07%
$2.40B
Market Cap
497.13
P/E
18.07
Forward P/E
—
Score
Vertex (VERX) Stock Insights
VERX price $14.81 +0.01 +0.07%
- Ticker
- VERX
- Price
- $14.81
- Change
- +0.01 +0.07%
- Market cap ?
- $2.40B
- P/E ?
- 497.13
- Forward P/E ?
- 18.07
- Dividend yield ?
- 0.00%
- Beta ?
- 0.83
- Sector
- Technology
- Industry
- Software - Application
Financials
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 272403000 | 321500000 | 374665000 | 425548000 | 491624000 | 572387000 | 666776000 | 748444000 |
Vertex, Inc. specializes in delivering advanced tax technology solutions to corporations across various sectors, including retail, communication, leasing, and manufacturing. These services are provided to clients both within the United States and globally. Its comprehensive product portfolio encompasses tools for tax determination, compliance and reporting, efficient tax data and document management, pre-built…
Fair value
VERX fair value $30.16. Price $14.81. Price is 51% below fair value.
Around fair value, but less expensive than usual. A smaller premium than on 90% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 58.46M. Growth 11.29%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.87% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 162.22M. Net debt 45.61M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-04 | — | 0.22 | — | 209.72M |
| 2026-08-03 | 0.20 | 0.19 | 203.97M | 202.21M |
| 2026-05-07 | 0.17 | 0.16 | 196.65M | 194.82M |
| 2026-02-11 | 0.17 | 0.17 | 194.71M | 194.32M |
| 2025-11-03 | 0.17 | 0.17 | 192.11M | 194.33M |
| 2025-08-06 | 0.15 | 0.14 | 184.56M | 192.77M |
| 2025-05-07 | 0.15 | 0.13 | 177.06M | 184.79M |
| 2025-02-27 | 0.15 | 0.13 | 178.46M | 178.21M |
| 2024-11-06 | 0.16 | 0.14 | 170.44M | 165.70M |
| 2024-08-07 | 0.15 | 0.13 | 161.10M | 160.66M |
| 2024-05-08 | 0.15 | 0.13 | 156.78M | 154.91M |
| 2024-02-29 | 0.13 | 0.11 | 154.91M | 146.45M |
| 2023-11-09 | 0.10 | 0.08 | 145.03M | 146.47M |
| 2023-08-09 | 0.08 | 0.08 | 139.69M | 136.08M |
| 2023-05-10 | 0.08 | 0.08 | 132.75M | 131.90M |
| 2023-03-08 | 0.08 | 0.05 | 131.13M | 125.96M |
| 2022-11-09 | 0.08 | 0.06 | 126.24M | 122.82M |
| 2022-08-09 | 0.06 | 0.05 | 119.28M | 116.79M |
| 2022-05-10 | 0.08 | 0.06 | 114.98M | 113.03M |
| 2022-03-09 | 0.08 | 0.05 | 111.66M | 109.20M |
| 2021-11-10 | 0.08 | 0.05 | 110.72M | 121.79M |
| 2021-08-11 | 0.08 | 0.05 | 104.94M | 104.94M |
| 2021-05-13 | 0.07 | 0.05 | 98.24M | 97.25M |
| 2021-03-10 | 0.08 | 0.07 | 99.54M | — |
| 2020-11-10 | 0.15 | 0.07 | 94.61M | 65.85M |
| 2020-09-09 | 0.16 | 0.08 | 91.27M | — |
| 2020-07-30 | -0.15 | — | 89.25M | — |
| 2019-12-31 | -0.03 | — | 86.07M | — |
| 2019-09-30 | 0.09 | — | 82.44M | — |
| 2019-06-30 | 0.05 | — | 78.38M | — |
| 2019-03-31 | 0.06 | — | 74.61M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-07 | Saha Debanjan | Buy | 11.20K | — | — |
| 2026-10-07 | Saha Debanjan | Other | 0 | — | — |
| 2026-06-10 | DeStefano David | Buy | 15.64K | — | — |
| 2026-06-10 | Gayton Bradley M | Buy | 15.64K | — | — |
| 2026-06-10 | Saunders Philip Seth | Buy | 15.64K | — | — |
| 2026-06-10 | Radcliffe Amanda Westphal | Buy | 15.64K | — | — |
| 2026-06-10 | Stamm John Richard | Buy | 15.64K | — | — |
| 2026-06-10 | ANDERSEN ERIC C. | Buy | 15.64K | — | — |
| 2026-06-10 | Thompson Stefanie Westphal | Buy | 15.64K | — | — |
| 2026-06-10 | Mendola Mark J | Buy | 15.64K | — | — |
| 2026-05-28 | DeStefano David | Sell | 6.46K | $12.75 | 82.36K |
| 2026-03-09 | ITEM SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 10.00K | $15.05 | 150.48K |
| 2026-02-24 | DeStefano David | Buy | 109.23K | — | — |
| 2026-02-24 | DeStefano David | Sell | 51.98K | $13.26 | 689.29K |
| 2026-02-24 | DeStefano David | Sell | 109.23K | — | — |
| 2026-02-23 | Young Christopher David | Buy | 60.00K | $12.18 | 730.79K |
| 2026-02-23 | DeStefano David | Buy | 101.39K | — | — |
| 2026-02-23 | DeStefano David | Sell | 47.11K | $12.03 | 566.76K |
| 2026-02-23 | DeStefano David | Sell | 101.39K | — | — |
| 2026-02-23 | Rowland Bryan T.R. | Buy | 6.43K | — | — |
| 2026-02-23 | Rowland Bryan T.R. | Sell | 1.77K | $12.03 | 21.27K |
| 2026-02-23 | Rowland Bryan T.R. | Sell | 6.43K | — | — |
| 2026-02-23 | SCHWAB JOHN R | Buy | 30.30K | — | — |
| 2026-02-23 | SCHWAB JOHN R | Sell | 16.41K | $12.03 | 197.42K |
| 2026-02-23 | SCHWAB JOHN R | Sell | 30.30K | — | — |
| 2026-02-20 | DeStefano David | Buy | 44.01K | — | — |
| 2026-02-20 | DeStefano David | Sell | 12.52K | $12.74 | 159.54K |
| 2026-02-20 | DeStefano David | Buy | 69.53K | — | — |
| 2026-02-20 | DeStefano David | Sell | 23.70K | $12.74 | 302.00K |
| 2026-02-20 | DeStefano David | Sell | 69.53K | — | — |
| 2026-02-20 | DeStefano David | Sell | 44.01K | — | — |
| 2026-02-20 | SCHWAB JOHN R | Buy | 15.88K | — | — |
| 2026-02-20 | SCHWAB JOHN R | Buy | 23.89K | — | — |
| 2026-02-20 | SCHWAB JOHN R | Sell | 8.60K | $12.74 | 109.54K |
| 2026-02-20 | SCHWAB JOHN R | Sell | 12.94K | $12.74 | 164.80K |
| 2026-02-20 | SCHWAB JOHN R | Sell | 23.89K | — | — |
| 2026-02-20 | SCHWAB JOHN R | Sell | 15.88K | — | — |
| 2026-02-20 | Rowland Bryan T.R. | Buy | 2.98K | — | — |
| 2026-02-20 | Rowland Bryan T.R. | Sell | 2.98K | — | — |
| 2026-02-20 | Rowland Bryan T.R. | Sell | 4.13K | — | — |
| 2026-02-20 | Rowland Bryan T.R. | Sell | 976 | $12.74 | 12.43K |
| 2026-02-20 | Rowland Bryan T.R. | Buy | 4.13K | — | — |
| 2026-02-20 | Rowland Bryan T.R. | Sell | 1.26K | $12.74 | 16.04K |
| 2026-02-20 | Leib Ryan J | Buy | 2.31K | — | — |
| 2026-02-20 | Leib Ryan J | Sell | 4.04K | — | — |
| 2026-02-20 | Leib Ryan J | Sell | 782 | $12.74 | 9.96K |
| 2026-02-20 | Leib Ryan J | Buy | 4.04K | — | — |
| 2026-02-20 | Leib Ryan J | Sell | 2.31K | — | — |
| 2026-02-20 | Leib Ryan J | Sell | 1.26K | $12.74 | 16.09K |
| 2026-02-20 | ANDERSEN ERIC C. | Buy | 40.00K | $12.91 | 516.40K |
| 2026-02-19 | Leib Ryan J | Buy | 33.89K | — | — |
| 2026-02-19 | Rowland Bryan T.R. | Buy | 43.44K | — | — |
| 2026-02-19 | SCHWAB JOHN R | Buy | 269.40K | — | — |
| 2026-02-17 | Westphal Jeffrey | Buy | 150.00K | $12.53 | 1.88M |
| 2026-02-13 | Westphal Jeffrey | Buy | 247.74K | $13.08 | 3.24M |
| 2026-02-10 | Rowland Bryan T.R. | Buy | 4.09K | — | — |
| 2026-02-10 | Rowland Bryan T.R. | Sell | 1.34K | $14.88 | 19.95K |
| 2026-02-10 | Rowland Bryan T.R. | Sell | 4.09K | — | — |
| 2026-02-10 | SCHWAB JOHN R | Buy | 24.01K | — | — |
| 2026-02-10 | SCHWAB JOHN R | Sell | 13.49K | $14.88 | 200.72K |
| 2026-02-10 | SCHWAB JOHN R | Sell | 24.01K | — | — |
| 2026-01-30 | Leib Ryan J | Sell | 4.02K | — | — |
| 2026-01-30 | Leib Ryan J | Buy | 4.02K | — | — |
| 2026-01-30 | Leib Ryan J | Sell | 1.36K | $18.55 | 25.21K |
| 2025-12-01 | Young Christopher David | Buy | 1.30M | — | — |
| 2025-11-10 | Young Christopher David | Other | 0 | — | — |
| 2025-06-24 | ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 14.43K | $35.24 | 508.39K |
| 2025-06-23 | ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 510 | $35.00 | 17.85K |
| 2025-06-20 | ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 8.83K | $35.12 | 310.17K |
| 2025-06-18 | ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 157.87K | $35.93 | 5.67M |
| 2025-06-17 | ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 145.11K | $37.16 | 5.39M |
| 2025-06-16 | ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | Sell | 78.25K | $36.87 | 2.88M |
| 2025-06-11 | Gayton Bradley M | Buy | 5.33K | — | — |
| 2025-06-11 | Stamm John Richard | Buy | 5.33K | — | — |
| 2025-06-11 | Radcliffe Amanda Westphal | Buy | 5.33K | — | — |
| 2025-06-11 | Thompson Stefanie Westphal | Buy | 5.33K | — | — |
| 2025-06-11 | Saunders Philip Seth | Buy | 5.33K | — | — |
| 2025-06-11 | ANDERSEN ERIC C. | Buy | 5.33K | — | — |
| 2025-06-11 | Mendola Mark J | Buy | 5.33K | — | — |
| 2025-06-11 | Mendola Mark J | Other | 0 | — | — |
| 2025-06-09 | Westphal Jeffrey | Buy | 1.51M | — | — |
| 2025-06-09 | Westphal Jeffrey | Buy | 1.15M | — | — |
| 2025-06-09 | Westphal Jeffrey | Sell | 1.51M | — | — |
| 2025-06-09 | Westphal Jeffrey | Buy | 332.24K | — | — |
| 2025-06-09 | Westphal Jeffrey | Sell | 332.24K | — | — |
| 2025-06-09 | Westphal Jeffrey | Sell | 332.24K | $38.45 | 12.77M |
| 2025-05-20 | 2020 IRREVOCABLE TRUST FOR BENEFIT OF CONSTANCE A. THOMPSON | Sell | 22.50K | — | — |
| 2025-05-20 | 2020 IRREVOCABLE TRUST FOR BENEFIT OF CONSTANCE A. THOMPSON | Buy | 22.50K | — | — |
| 2025-05-20 | ITEM SECOND IRR. TRUST FBO MACKENZIE S. LUCAS u/a of STEFANIE W. LUCAS dated October 5, 2001 | Sell | 600.00K | — | — |
| 2025-05-20 | ITEM SECOND IRR. TRUST FBO MACKENZIE S. LUCAS u/a of STEFANIE W. LUCAS dated October 5, 2001 | Buy | 600.00K | — | — |
| 2025-05-20 | ITEM SECOND IRR. TRUST FBO MELANIE H. LUCAS u/a of STEFANIE W. LUCAS dated October 5, 2001 | Sell | 300.00K | — | — |
| 2025-05-20 | ITEM SECOND IRR. TRUST FBO MELANIE H. LUCAS u/a of STEFANIE W. LUCAS dated October 5, 2001 | Buy | 300.00K | — | — |
| 2025-05-20 | ITEM SECOND IRR. TRUST FBO ANDREA P. LUCAS u/a of STEFANIE W. LUCAS dated October 5, 2001 | Sell | 400.00K | — | — |
| 2025-05-20 | ITEM SECOND IRR. TRUST FBO ANDREA P. LUCAS u/a of STEFANIE W. LUCAS dated October 5, 2001 | Buy | 400.00K | — | — |
| 2025-05-13 | Leib Ryan J | Sell | 5.75K | $38.00 | 218.69K |
| 2025-05-13 | DeStefano David | Buy | 186.59K | $3.73 | 696.73K |
| 2025-05-13 | DeStefano David | Sell | 50.57K | $37.27 | 1.88M |
| 2025-05-13 | DeStefano David | Sell | 58.84K | $38.06 | 2.24M |
| 2025-05-13 | DeStefano David | Sell | 186.59K | $3.73 | 696.73K |
| 2025-05-12 | DeStefano David | Buy | 132.80K | $32.16 | 4.27M |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 235, holders +8 vs prior quarter. Ownership 43.06%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 6.24M | 576.78K | +10.19% | 71.59M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.98M | 203.45K | +4.26% | 57.22M |
| MORGAN STANLEY | 4.13M | -160.84K | -3.75% | 47.44M |
| BROWN ADVISORY INC | 3.55M | 1.74M | +96.19% | 40.74M |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.17M | 58.43K | +1.88% | 36.44M |
| TENSILE CAPITAL MANAGEMENT LP | 2.90M | -500.00K | -14.71% | 33.28M |
| UBS GROUP AG | 2.85M | 0 | 0.00% | 32.71M |
| JPMORGAN CHASE & CO | 2.53M | -843.13K | -25.01% | 28.82M |
| D. E. SHAW & CO., INC. | 2.19M | 550.90K | +33.61% | 25.14M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 2.13M | 849.20K | +66.39% | 24.43M |
| STATE STREET CORP | 2.06M | 149.94K | +7.85% | 23.65M |
| UBS GROUP AG | 2.02M | -825.35K | -28.96% | 23.24M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.84M | 64.86K | +3.66% | 21.09M |
| NOMURA HOLDINGS INC | 1.66M | -957.54K | -36.52% | 19.10M |
| DIVISAR CAPITAL MANAGEMENT LLC | 1.64M | 445.18K | +37.23% | 18.84M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 1.49M | -1.69M | -53.22% | 17.07M |
| GOLDMAN SACHS GROUP INC | 1.48M | -880.66K | -37.25% | 17.03M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.47M | 537.23K | +57.42% | 16.91M |
| LEGACY ADVISORS, LLC | 1.34M | 59 | +0.00% | 15.43M |
| NORGES BANK | 1.31M | 1.31M | New | 15.04M |
| MARSHALL WACE, LLP | 1.21M | 925.59K | +320.68% | 13.94M |
| GENEVA CAPITAL MANAGEMENT LLC | 1.19M | -947.88K | -44.40% | 13.62M |
| CIBC BANCORP USA INC. | 1.05M | 488 | +0.05% | 12.10M |
| FRESHFORD CAPITAL MANAGEMENT, LLC | 1.05M | 481.75K | +85.18% | 12.02M |
| BANK OF AMERICA CORP /DE/ | 986.33K | 53.81K | +5.77% | 11.32M |
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