Texas Permanent School Fund Corp Sells 1,910 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

The Texas Permanent School Fund Corp (TPSFC) is a state-owned investment fund that manages the endowment of the public schools in Texas. In its most recent 13F filing with the Securities and Exchange Commission, TPSFC reported selling 1,910 shares of Veritex Holdings, Inc. NASDAQVBTX, which represents a 4.0% reduction in its stake in the financial services provider.

Veritex Holdings, Inc. is a Texas-based financial services company that provides banking and payment processing solutions to businesses and individuals. The company operates through two segments: Banking and Payment Processing. The Banking segment offers a range of banking products and services, including commercial and consumer banking, while the Payment Processing segment provides payment processing solutions for merchants.

TPSFC's decision to sell shares of Veritex Holdings, Inc. may be due to a variety of factors, such as changes in the company's financial performance or strategic direction, or a shift in TPSFC's investment priorities. It is important to note that TPSFC's decision to sell shares does not necessarily reflect any negative view of the company or its future prospects.

Overall, TPSFC's sale of Veritex Holdings, Inc. shares represents a significant transaction in the financial services sector and may have implications for both the company and the broader market.