Vertex Stock: Why One Fund Lifted Its $94.3 Million Position Even as Shares Sank

13 hours ago 3

Jonathan Ponciano, The Motley Fool

Sun, December 7, 2025 astatine 12:20 PM CST 5 min read

California-based Tensile Capital Management accrued its presumption successful Vertex by 160,559 shares successful the 3rd quarter.
Despite the summation successful shares, the presumption worth fell by astir $34.4 cardinal from 4th to quarter.
As of September 30, Tensile reported holding 3.8 cardinal Vertex shares valued astatine $94.3 million, representing astir 11.8% of AUM and making it the fund's largest holding.
These 10 stocks could mint the adjacent question of millionaires ›

On November 14, California-based Tensile Capital Management disclosed a bargain of 160,559 shares of Vertex (NASDAQ:VERX) successful the 3rd quarter. Despite the expanded stake, the marketplace worth of the presumption decreased by astir $34.4 million, according to an SEC filing.

According to a Securities and Exchange Commission (SEC) filing dated November 14, Tensile Capital Management LP accrued its involvement successful Vertex by acquiring 160,559 further shares during the 3rd quarter. The post-trade holding reached 3.8 cardinal shares valued astatine $94.3 cardinal arsenic of September 30.

Vertex makes up astir 11.8% of Tensile’s 13F AUM, making it the fund’s largest presumption arsenic of September 30.

Top holdings aft the filing:

NASDAQ: VERX: $94.3 cardinal (11.8% of AUM)
NYSE: DKS: $79.5 cardinal (9.9% of AUM)
NYSE: VVV: $74.7 cardinal (9.3% of AUM)
NYSE: LAD: $74.4 cardinal (9.3% of AUM)
NYSE: USFD: $58.5 cardinal (7.3% of AUM)

As of Friday, VERX shares were priced astatine $19.68, down a staggering 65% implicit the past twelvemonth and good underperforming the S&P 500, which is up 13% successful the aforesaid period.

Metric

Value

Market Capitalization	$3.1 billion
Revenue (TTM)	$732.2 million
Net Income (TTM)	($53.6 million)
Price (as of marketplace adjacent Friday)	$19.68

Vertex provides taxation exertion solutions, including taxation determination, compliance and reporting, taxation information management, papers management, and pre-built integration for corporations crossed retail, communications, leasing, and manufacturing sectors.
The institution generates gross chiefly done bundle licenses and software-as-a-service (SaaS) subscriptions, arsenic good arsenic implementation, training, and tax-related outsourcing services.
It targets ample enterprises and multinational corporations seeking comprehensive, integrated taxation compliance and automation solutions successful the United States and internationally.

Vertex is simply a starring supplier of taxation exertion bundle and services, serving a divers acceptable of endeavor clients. The institution leverages a operation of bundle licensing and recurring SaaS gross streams to present scalable, integrated solutions for analyzable taxation compliance needs. Its established estimation and wide merchandise suite presumption Vertex arsenic a strategical spouse for organizations aiming to streamline taxation operations and negociate regulatory risk.