TELUS International (Cda) Inc. (NYSE:TIXT) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in TELUS International (Cda) Inc. (NYSE:TIXT) by 27.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,560 shares of the company’s stock after buying an additional 6,132 shares during the quarter. Blue Trust Inc.’s holdings in TELUS International (Cda) were worth $112,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TIXT. JPMorgan Chase & Co. bought a new position in TELUS International (Cda) in the 3rd quarter valued at about $24,223,000. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in TELUS International (Cda) by 5.8% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock valued at $12,301,000 after buying an additional 173,477 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of TELUS International (Cda) by 256.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after buying an additional 1,310,287 shares during the period. Jane Street Group LLC purchased a new position in shares of TELUS International (Cda) in the third quarter worth approximately $3,257,000. Finally, Circumference Group LLC acquired a new stake in shares of TELUS International (Cda) during the third quarter valued at approximately $2,248,000. Institutional investors own 59.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TIXT shares. Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. TD Securities raised their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus started coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, TELUS International (Cda) currently has a consensus rating of “Hold” and a consensus target price of $7.21.

TELUS International (Cda) Stock Down 6.0 %

TIXT stock opened at $3.36 on Friday. The firm has a market capitalization of $922.63 million, a PE ratio of -9.59, a PEG ratio of 4.94 and a beta of 0.67. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $3.69. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. As a group, research analysts anticipate that TELUS International will post 0.32 EPS for the current year.

About TELUS International (Cda)

TELUS International (Cda) Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.