SCHEDULE 13G/A: Neuberger Berman Updates Significant Stake in Vertex, Inc. with Latest SEC Filing
Beneficial Ownership Report
Neuberger Berman Group LLC and its affiliate, Neuberger Berman Investment Advisers LLC, have filed an Amendment No. 5 to Schedule 13G, disclosing a 4.6% beneficial ownership stake in Vertex, Inc. as of February 28, 2025.
Summary
- Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC have filed an Amendment No. 5 to their Schedule 13G regarding their beneficial ownership in Vertex, Inc.
- As of February 28, 2025, Neuberger Berman Group LLC beneficially owns an aggregate of 3,319,852 shares of Vertex, Inc. common stock, representing 4.6% of the class.
- Neuberger Berman Investment Advisers LLC beneficially owns an aggregate of 3,318,737 shares, also representing 4.6% of the class.
- Both entities report shared voting power of approximately 3,237,004 shares and shared dispositive power of approximately 3,319,852 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Vertex, Inc.
Sentiment
Score: 5
Explanation: Neutral, as this filing is a factual report of beneficial ownership and does not contain performance or forward-looking statements about the issuer.
Positives
- NA This filing is a disclosure of beneficial ownership and does not contain information on company performance or positive developments.
Negatives
- NA This filing is a disclosure of beneficial ownership and does not contain information on company performance or negative developments.
Risks
- NA This filing is a disclosure of beneficial ownership and does not detail specific risks related to the issuer's operations or financial health.
Future Outlook
NA This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer.
Industry Context
NA This filing is a disclosure of beneficial ownership and does not provide analysis of broader industry trends or competitors for Vertex, Inc.
Comparison to Industry Standards
- NA This filing is a disclosure of beneficial ownership and does not provide performance data for comparison to industry standards or specific comparable companies/projects.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA This filing is a disclosure of beneficial ownership and does not report on legal proceedings of the issuer.
Related Party Transactions
- NA This filing is a disclosure of beneficial ownership and does not report on related party transactions of the issuer.
Stakeholder Impact
- For shareholders, the filing indicates continued significant institutional investment by Neuberger Berman, which may be viewed as a sign of confidence in Vertex, Inc.
Next Steps
- NA This filing is a disclosure of beneficial ownership and does not outline future actions, events, or milestones for the issuer.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 03/06/2025 | Date of filing and signature by Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC. |
Keywords
SEC filing, Schedule 13G, beneficial ownership, Vertex Inc., Neuberger Berman Group LLC, Neuberger Berman Investment Advisers LLC, common stock, institutional investor, ownership stake
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