Employees Retirement System of Texas Purchases 3,668 Shares of VTEX (NYSE:VTEX)

Employees Retirement System of Texas grew its position in VTEX (NYSE:VTEX) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,212 shares of the company’s stock after purchasing an additional 3,668 shares during the period. Employees Retirement System of Texas’ holdings in VTEX were worth $190,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VTEX. Fourth Sail Capital LP increased its holdings in VTEX by 125.0% during the second quarter. Fourth Sail Capital LP now owns 3,098,762 shares of the company’s stock worth $22,497,000 after buying an additional 1,721,568 shares during the last quarter. Absoluto Partners Gestao de Recursos Ltda acquired a new position in VTEX during the fourth quarter worth $7,899,000. Acadian Asset Management LLC increased its holdings in VTEX by 242.4% during the first quarter. Acadian Asset Management LLC now owns 1,373,698 shares of the company’s stock worth $11,192,000 after buying an additional 972,534 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in VTEX by 153.4% during the first quarter. Russell Investments Group Ltd. now owns 913,774 shares of the company’s stock worth $7,468,000 after buying an additional 553,193 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in VTEX by 34.1% during the second quarter. American Century Companies Inc. now owns 1,329,824 shares of the company’s stock worth $9,655,000 after buying an additional 338,527 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of VTEX from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $10.40.

VTEX Price Performance

NYSE:VTEX opened at $7.17 on Friday. VTEX has a one year low of $4.66 and a one year high of $9.59. The company has a market cap of $1.32 billion, a P/E ratio of -179.25 and a beta of 1.39. The firm’s fifty day moving average price is $6.90 and its two-hundred day moving average price is $7.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.61 and a quick ratio of 3.61.

VTEX (NYSE:VTEX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. VTEX had a net margin of 1.51% and a return on equity of 1.36%. The firm had revenue of $56.50 million for the quarter, compared to the consensus estimate of $56.45 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Equities analysts expect that VTEX will post 0.06 earnings per share for the current year.

About VTEX

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.