Vanguard Personalized Indexing Management LLC Sells 9,929 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 47.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,111 shares of the company’s stock after selling 9,929 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in TELUS International (Cda) were worth $64,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TIXT. Capital Research Global Investors increased its position in TELUS International (Cda) by 5.2% in 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. 1832 Asset Management L.P. raised its stake in shares of TELUS International (Cda) by 5.3% during the 1st quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company’s stock valued at $10,873,000 after purchasing an additional 64,570 shares during the period. Forge First Asset Management Inc. purchased a new stake in shares of TELUS International (Cda) in the first quarter worth about $2,758,000. TD Asset Management Inc boosted its position in shares of TELUS International (Cda) by 2.1% in the second quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock valued at $1,472,000 after acquiring an additional 5,351 shares during the period. Finally, Swiss National Bank boosted its holdings in TELUS International (Cda) by 2.1% in the 1st quarter. Swiss National Bank now owns 149,000 shares of the company’s stock valued at $1,261,000 after purchasing an additional 3,000 shares during the period. 59.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TIXT has been the topic of a number of research analyst reports. Bank of America lowered TELUS International (Cda) from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $11.00 to $4.00 in a research note on Monday, August 5th. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Royal Bank of Canada lowered TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $10.00 to $5.00 in a research report on Monday, August 5th. Scotiabank reduced their price target on shares of TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen cut shares of TELUS International (Cda) from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $3.75 in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, TELUS International (Cda) currently has a consensus rating of “Hold” and an average target price of $7.55.

TELUS International (Cda) Trading Down 4.3 %

NYSE:TIXT opened at $3.74 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The company has a 50-day moving average price of $3.94 and a 200-day moving average price of $5.89. The stock has a market cap of $399.54 million, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.23 and a beta of 0.68.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The firm had revenue of $652.00 million during the quarter, compared to analysts’ expectations of $682.32 million. During the same period in the previous year, the company earned $0.16 earnings per share. TELUS International (Cda)’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts predict that TELUS International will post 0.43 EPS for the current year.

TELUS International (Cda) 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.