Walleye Capital LLC Grows Position in Telus Digital $TIXT

Walleye Capital LLC lifted its position in Telus Digital (NYSE:TIXT) by 302.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,748 shares of the company’s stock after purchasing an additional 35,129 shares during the quarter. Walleye Capital LLC’s holdings in Telus Digital were worth $126,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Telus Digital by 18.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock valued at $137,000 after purchasing an additional 5,509 shares during the period. Bank of America Corp DE increased its stake in shares of Telus Digital by 14.3% during the fourth quarter. Bank of America Corp DE now owns 419,723 shares of the company’s stock worth $1,645,000 after buying an additional 52,561 shares during the period. BNP Paribas Financial Markets purchased a new position in Telus Digital in the fourth quarter valued at approximately $101,000. Two Sigma Investments LP increased its stake in Telus Digital by 578.8% in the fourth quarter. Two Sigma Investments LP now owns 497,821 shares of the company’s stock valued at $1,951,000 after purchasing an additional 424,484 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in Telus Digital in the fourth quarter valued at approximately $246,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TIXT. National Bankshares lowered shares of Telus Digital from a “sector perform” rating to a “tender” rating and increased their price target for the company from $4.00 to $4.50 in a research note on Wednesday. BMO Capital Markets decreased their price target on Telus Digital from $4.50 to $3.00 and set a “market perform” rating for the company in a report on Monday, May 12th. Scotiabank increased their price target on Telus Digital from $3.40 to $4.50 and gave the stock a “sector perform” rating in a report on Thursday. Wall Street Zen downgraded Telus Digital from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Stifel Nicolaus downgraded Telus Digital from a “buy” rating to a “hold” rating and raised their target price for the company from $4.00 to $4.50 in a report on Wednesday. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.93.

Telus Digital Stock Performance

NYSE TIXT opened at $4.48 on Friday. The firm has a market capitalization of $1.24 billion, a P/E ratio of -3.22 and a beta of 0.91. Telus Digital has a 1-year low of $2.13 and a 1-year high of $4.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day simple moving average is $3.89 and its 200-day simple moving average is $3.20.

Telus Digital (NYSE:TIXT) last released its quarterly earnings data on Friday, August 1st. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $711.33 million for the quarter, compared to analyst estimates of $660.87 million. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. Equities analysts predict that Telus Digital will post 0.32 EPS for the current year.

Telus Digital Company Profile

TELUS Digital 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.