Oldfield Partners Llp Holds Stake in Infosys LTD (INFY); Gmt Capital Trimmed Its Position in Viad (VVI) as Shares Declined

August 12, 2018 - By Megan Stone

Infosys Limited (NYSE:INFY) Logo

Oldfield Partners Llp increased its stake in Infosys Ltd (INFY) by 6.9% based on its latest 2018Q1 regulatory filing with the SEC. Oldfield Partners Llp bought 234,500 shares as the company’s stock rose 3.62% while stock markets declined. The institutional investor held 3.63 million shares of the edp services company at the end of 2018Q1, valued at $64.82 million, up from 3.40M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $44.93B market cap company. The stock decreased 0.48% or $0.1 during the last trading session, reaching $20.8. About 2.22M shares traded. Infosys Limited (NYSE:INFY) has risen 18.12% since August 12, 2017 and is uptrending. It has outperformed by 5.55% the S&P500. Some Historical INFY News: 13/04/2018 – INFOSYS 4Q NET INCOME 36.9B RUPEES, EST. 37.11B; 15/03/2018 – INFOSYS TO CONSIDER FY18 RESULTS ON APRIL 12-13; 13/04/2018 – INDIA’S INFOSYS INFY.NS EXEC SAYS US TAX REFORMS SHOULD TRANSLATE TO CLIENT SPENDING; 10/04/2018 – CALIX INC – CO AND INFOSYS WILL JOINTLY INVEST TO CO-CREATE NEW SERVICES AND VALUE-ADDED OFFERINGS ON AXOS PLATFORM; 19/03/2018 – Greenwich Time: InfoSys Deal Says A Lot For State; 21/05/2018 – Infosys Limited: Investor Meetings; 13/04/2018 – INFOSYS- IMPAIRMENT LOSS OF 1.18 BLN RUPEES IN RESPECT OF PANAYA HAS BEEN RECOGNIZED IN CONSOL PROFIT AND LOSS FOR QTR, YEAR ENDED MARCH 31 2018; 13/04/2018 – INFOSYS NAMES KIRAN MAZUMDAR-SHAW LEAD INDEPENDENT DIRECTOR; 15/04/2018 – Infosys/Indian outsourcers: visa for value; 26/04/2018 – White House: Remarks by Vice President Pence at Jobs Announcement at Infosys Technologies, Ltd

Gmt Capital Corp decreased its stake in Viad Corp (VVI) by 36.76% based on its latest 2018Q1 regulatory filing with the SEC. Gmt Capital Corp sold 306,727 shares as the company’s stock declined 3.75% with the market. The hedge fund held 527,765 shares of the business services company at the end of 2018Q1, valued at $27.68M, down from 834,492 at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Viad Corp for a number of months, seems to be less bullish one the $1.21 billion market cap company. The stock increased 0.34% or $0.2 during the last trading session, reaching $59.35. About 48,613 shares traded. Viad Corp (NYSE:VVI) has risen 18.30% since August 12, 2017 and is uptrending. It has outperformed by 5.73% the S&P500. Some Historical VVI News: 26/04/2018 – Viad 1Q Loss/Shr $9.40; 26/04/2018 – VIAD 1Q REV. $277.4M, EST. $277.0M (2 EST.); 10/04/2018 – GES Boosts Sponsorship Program with Launch of GES Sponsorship Strategy & Sales; 22/05/2018 – VIAD CORP – BMO HARRIS BANK N.A. IS A LENDER UNDER EXISTING $300 MLN CREDIT FACILITY – SEC FILING; 16/03/2018 Viad Closes Above 50-Day Moving Average: Technicals; 04/05/2018 – Victory Capital Buys New 4.1% Position in Viad; 26/04/2018 – VIAD CORP QTRLY LOSS BEFORE OTHER ITEMS PER SHARE $0.49; 21/04/2018 – DJ Viad Corp, Inst Holders, 1Q 2018 (VVI); 27/04/2018 – Viad Closes Below 50-Day Moving Average: Technicals; 22/05/2018 – VIAD CORP-EFFECTIVE MAY 18, CO’S UNIT EXECUTED SECOND AMENDMENT TO CREDIT AGREEMENT AND REAFFIRMATION OF GUARANTIES TO ITS REVOLVING CREDIT FACILITY

Oldfield Partners Llp, which manages about $6.57B and $1.15 billion US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 1.58M shares to 1.39M shares, valued at $93.84 million in 2018Q1, according to the filing. It also reduced its holding in Turkcell Iletisim Hiz. (NYSE:TKC) by 117,700 shares in the quarter, leaving it with 4.59M shares, and cut its stake in Cia De Minas Buenaventura (NYSE:BVN).

Among 22 analysts covering Infosys (NYSE:INFY), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. Infosys had 46 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Negative” rating on Monday, February 5 by Susquehanna. The stock of Infosys Limited (NYSE:INFY) has “Hold” rating given on Tuesday, August 9 by HSBC. The company was downgraded on Monday, July 18 by Nomura. As per Friday, August 25, the company rating was maintained by Cantor Fitzgerald. The firm has “Hold” rating given on Thursday, October 12 by Cowen & Co. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, April 13. On Friday, November 10 the stock rating was maintained by Robert W. Baird with “Hold”. BMO Capital Markets maintained the stock with “Hold” rating in Friday, August 18 report. The firm has “Hold” rating given on Friday, January 12 by BMO Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Monday, February 5.

Since May 2, 2018, it had 1 buying transaction, and 0 insider sales for $50,500 activity.

Gmt Capital Corp, which manages about $9.19 billion and $4.15B US Long portfolio, upped its stake in Centene Corp Del (NYSE:CNC) by 51,000 shares to 691,500 shares, valued at $73.90 million in 2018Q1, according to the filing. It also increased its holding in Athene Hldg Ltd by 353,673 shares in the quarter, for a total of 1.03M shares, and has risen its stake in Now Inc (NYSE:DNOW).

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.21, from 1.21 in 2017Q4. It dropped, as 21 investors sold VVI shares while 50 reduced holdings. 25 funds opened positions while 46 raised stakes. 17.35 million shares or 0.25% less from 17.39 million shares in 2017Q4 were reported. Fincl Bank Of Montreal Can stated it has 0% of its portfolio in Viad Corp (NYSE:VVI). Covey Advsr Limited Liability accumulated 61,454 shares. River Road Asset Mngmt Ltd reported 94,448 shares. Kbc Group Incorporated Nv owns 9,574 shares for 0% of their portfolio. Globeflex Limited Partnership invested 0.5% of its portfolio in Viad Corp (NYSE:VVI). Comerica Financial Bank reported 21,452 shares or 0.01% of all its holdings. California Pub Employees Retirement Sys holds 31,887 shares or 0% of its portfolio. Moreover, First Tru Advsrs Lp has 0.01% invested in Viad Corp (NYSE:VVI) for 41,915 shares. Keybank National Association Oh has invested 0.01% in Viad Corp (NYSE:VVI). Grantham Mayo Van Otterloo And Llc stated it has 0% of its portfolio in Viad Corp (NYSE:VVI). Arrow Fin Corp has invested 0% in Viad Corp (NYSE:VVI). 573,099 are owned by Wells Fargo And Mn. Teacher Retirement Sys Of Texas has invested 0% in Viad Corp (NYSE:VVI). State Street invested 0% of its portfolio in Viad Corp (NYSE:VVI). Panagora Asset stated it has 418 shares or 0% of all its holdings.

Viad Corp (NYSE:VVI) Institutional Positions Chart

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