Swiss National Bank Has $1.26 Million Stock Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Swiss National Bank lessened its stake in shares of TELUS International (Cda) Inc. (NYSE:TIXTFree Report) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 146,000 shares of the company’s stock after selling 16,900 shares during the quarter. Swiss National Bank owned approximately 0.20% of TELUS International (Cda) worth $1,256,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of TELUS International (Cda) by 101.7% during the third quarter. Barclays PLC now owns 28,433 shares of the company’s stock worth $216,000 after purchasing an additional 14,333 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of TELUS International (Cda) by 57.8% during the third quarter. Quantbot Technologies LP now owns 18,435 shares of the company’s stock worth $140,000 after purchasing an additional 6,755 shares during the period. Shell Asset Management Co. bought a new stake in shares of TELUS International (Cda) in the third quarter worth $45,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of TELUS International (Cda) in the third quarter worth $99,000. Finally, Claret Asset Management Corp acquired a new stake in TELUS International (Cda) in the third quarter valued at $352,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

TELUS International (Cda) Stock Down 1.3 %

TIXT stock opened at $5.75 on Wednesday. The company has a market capitalization of $613.74 million, a price-to-earnings ratio of 38.30, a PEG ratio of 0.85 and a beta of 0.86. TELUS International has a fifty-two week low of $5.70 and a fifty-two week high of $16.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a fifty day moving average of $7.71 and a 200-day moving average of $8.35.

TELUS International (Cda) (NYSE:TIXTGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. TELUS International (Cda) had a return on equity of 11.67% and a net margin of 2.54%. The business had revenue of $657.00 million during the quarter, compared to the consensus estimate of $675.33 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. As a group, equities research analysts predict that TELUS International will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on TELUS International (Cda) from $9.50 to $7.50 and set a “market perform” rating for the company in a research note on Friday, May 10th. Scotiabank lowered shares of TELUS International (Cda) from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $13.00 to $10.00 in a research note on Friday, May 10th. TheStreet raised shares of TELUS International (Cda) from a “d” rating to a “c-” rating in a research note on Monday, February 12th. Guggenheim initiated coverage on shares of TELUS International (Cda) in a research report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 price target on the stock. Finally, Citigroup lowered their price objective on TELUS International (Cda) from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.83.

Get Our Latest Report on TIXT

TELUS International (Cda) Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TELUS International (Cda) (NYSE:TIXT)

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