Teacher Retirement System of Texas Grows Holdings in TaskUs, Inc. (NASDAQ:TASK)

Teacher Retirement System of Texas boosted its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 18.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 82,372 shares of the company’s stock after purchasing an additional 13,045 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of TaskUs worth $1,395,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after buying an additional 699 shares during the last quarter. Quantbot Technologies LP lifted its position in TaskUs by 186.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after acquiring an additional 6,140 shares during the period. Paloma Partners Management Co acquired a new position in shares of TaskUs in the third quarter valued at approximately $139,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TaskUs during the third quarter worth approximately $174,000. Finally, Quarry LP lifted its holdings in shares of TaskUs by 357.4% during the third quarter. Quarry LP now owns 13,567 shares of the company’s stock worth $175,000 after purchasing an additional 10,601 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Stock Down 0.4 %

TASK stock opened at $13.70 on Friday. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.23 billion, a P/E ratio of 23.22, a P/E/G ratio of 3.92 and a beta of 2.24. The company’s 50-day moving average price is $14.88 and its 200 day moving average price is $14.52.

TaskUs (NASDAQ:TASK) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The firm had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. On average, research analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TASK has been the topic of several recent research reports. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, December 9th. Royal Bank of Canada increased their price target on shares of TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.86.

Insider Activity

In related news, insider Jarrod Johnson sold 15,460 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total value of $204,845.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 29.26% of the company’s stock.

TaskUs Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.