SG Americas Securities LLC Acquires New Stake in TELUS International (Cda) Inc. (NYSE:TIXT)

SG Americas Securities LLC acquired a new stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,493 shares of the company’s stock, valued at approximately $124,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIXT. Qube Research & Technologies Ltd bought a new position in TELUS International (Cda) during the 3rd quarter valued at approximately $25,000. Ronald Blue Trust Inc. bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth $30,000. Shell Asset Management Co. bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth $45,000. Lazard Asset Management LLC bought a new stake in shares of TELUS International (Cda) in the 1st quarter worth $46,000. Finally, Citigroup Inc. increased its holdings in shares of TELUS International (Cda) by 18.8% in the 1st quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock worth $96,000 after purchasing an additional 755 shares in the last quarter. Institutional investors own 59.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TIXT. BMO Capital Markets lifted their target price on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a “market perform” rating in a report on Monday, February 12th. Citigroup lifted their target price on TELUS International (Cda) from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Barclays lifted their target price on TELUS International (Cda) from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. CIBC reduced their target price on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Finally, Canaccord Genuity Group raised their price target on TELUS International (Cda) from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Monday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.83.

TELUS International (Cda) Stock Down 5.8 %

TIXT opened at $7.94 on Thursday. TELUS International has a fifty-two week low of $6.03 and a fifty-two week high of $21.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $848.23 million, a price-to-earnings ratio of 52.93, a price-to-earnings-growth ratio of 8.90 and a beta of 0.90. The firm’s fifty day moving average is $9.32 and its 200 day moving average is $8.28.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $692.00 million during the quarter, compared to analyst estimates of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, sell-side analysts forecast that TELUS International will post 0.89 earnings per share for the current fiscal year.

TELUS International (Cda) Company Profile

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.