Texas Permanent School Fund Corp Has $678,000 Stock Holdings in Viad Corp (NYSE:VVI)

Texas Permanent School Fund Corp lifted its position in Viad Corp (NYSE:VVI) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,939 shares of the business services provider’s stock after buying an additional 1,631 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Viad worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Viad by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock worth $54,376,000 after acquiring an additional 16,185 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Viad by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after purchasing an additional 20,209 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Viad by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 171,332 shares of the business services provider’s stock worth $6,202,000 after purchasing an additional 1,545 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Viad by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock valued at $5,218,000 after purchasing an additional 4,263 shares during the period. Finally, Sei Investments Co. grew its holdings in Viad by 6.7% in the 1st quarter. Sei Investments Co. now owns 132,081 shares of the business services provider’s stock valued at $5,216,000 after buying an additional 8,257 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Viad Price Performance

Shares of VVI stock opened at $35.00 on Friday. Viad Corp has a 12 month low of $22.88 and a 12 month high of $40.27. The company has a market capitalization of $739.48 million, a P/E ratio of -92.11, a P/E/G ratio of 1.91 and a beta of 2.04. The stock has a 50 day moving average of $33.96 and a two-hundred day moving average of $34.79. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 3.73.

Viad (NYSE:VVI) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.77 by $0.20. Viad had a return on equity of 29.43% and a net margin of 2.30%. The firm had revenue of $378.54 million during the quarter, compared to analysts’ expectations of $358.72 million. During the same period last year, the business earned $0.36 earnings per share. As a group, equities analysts expect that Viad Corp will post 1.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on VVI shares. B. Riley reiterated a “buy” rating and set a $42.00 price target (down from $46.00) on shares of Viad in a report on Monday, August 12th. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $41.00 price target on shares of Viad in a research report on Tuesday, September 17th.

Viad Company Profile

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.