TELUS International (Cda) Inc. (NYSE:TIXT) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. boosted its holdings in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,285,270 shares of the company’s stock after acquiring an additional 64,570 shares during the period. 1832 Asset Management L.P. owned 1.20% of TELUS International (Cda) worth $10,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TIXT. Clearbridge Investments LLC acquired a new position in TELUS International (Cda) in the 4th quarter valued at about $26,554,000. Capital Research Global Investors grew its holdings in shares of TELUS International (Cda) by 5.2% during the fourth quarter. Capital Research Global Investors now owns 13,941,858 shares of the company’s stock worth $119,621,000 after buying an additional 689,468 shares during the last quarter. Forge First Asset Management Inc. purchased a new stake in shares of TELUS International (Cda) during the first quarter worth approximately $2,758,000. Intact Investment Management Inc. purchased a new position in TELUS International (Cda) during the 4th quarter worth $1,599,000. Finally, Alberta Investment Management Corp increased its position in TELUS International (Cda) by 948.9% during the 4th quarter. Alberta Investment Management Corp now owns 137,400 shares of the company’s stock worth $1,186,000 after purchasing an additional 124,300 shares during the period. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Down 0.6 %

TELUS International (Cda) stock traded down $0.04 during midday trading on Friday, hitting $6.38. The stock had a trading volume of 149,079 shares, compared to its average volume of 207,198. The business has a fifty day moving average price of $5.96 and a 200 day moving average price of $7.80. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.78. TELUS International has a 12 month low of $5.53 and a 12 month high of $11.51. The stock has a market cap of $681.58 million, a P/E ratio of 42.53, a P/E/G ratio of 0.93 and a beta of 0.73.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a net margin of 2.54% and a return on equity of 11.67%. The firm had revenue of $657.00 million for the quarter, compared to analyst estimates of $675.33 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. TELUS International (Cda)’s quarterly revenue was down 4.2% on a year-over-year basis. Research analysts predict that TELUS International will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup reduced their target price on shares of TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Canaccord Genuity Group decreased their target price on TELUS International (Cda) from $16.50 to $16.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. Robert W. Baird reduced their price objective on TELUS International (Cda) from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. lowered shares of TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a research note on Wednesday, July 17th. Finally, BMO Capital Markets reduced their target price on shares of TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating on the stock in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.21.

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.