Charles Schwab Investment Management Inc. Raises Stock Holdings in TELUS International (Cda) Inc. (NYSE:TIXT)

Charles Schwab Investment Management Inc. boosted its holdings in TELUS International (Cda) Inc. (NYSE:TIXT) by 52.4% during the 4th quarter, Holdings Channel reports. The firm owned 241,896 shares of the company’s stock after acquiring an additional 83,164 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TELUS International (Cda) were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of TELUS International (Cda) during the 3rd quarter worth $24,223,000. Jane Street Group LLC purchased a new stake in TELUS International (Cda) during the third quarter worth about $3,257,000. Circumference Group LLC purchased a new stake in TELUS International (Cda) during the third quarter worth about $2,248,000. DGS Capital Management LLC raised its position in TELUS International (Cda) by 213.5% in the fourth quarter. DGS Capital Management LLC now owns 115,202 shares of the company’s stock worth $452,000 after acquiring an additional 78,460 shares during the period. Finally, Alberta Investment Management Corp purchased a new position in TELUS International (Cda) in the fourth quarter valued at about $297,000. Institutional investors own 59.55% of the company’s stock.

Wall Street Analyst Weigh In

TIXT has been the subject of several research analyst reports. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a research note on Thursday, January 16th. They set a “buy” rating and a $5.00 price target for the company. 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 Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.00.

TELUS International (Cda) Stock Down 3.4 %

Shares of NYSE TIXT opened at $2.70 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The company has a market cap of $741.13 million, a P/E ratio of -7.70, a P/E/G ratio of 4.71 and a beta of 0.72. TELUS International has a 52 week low of $2.61 and a 52 week high of $8.96. The business has a 50-day simple moving average of $3.30 and a two-hundred day simple moving average of $3.59.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. Research analysts anticipate that TELUS International will post 0.32 earnings per share for the current fiscal 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.