Geode Capital Management LLC Purchases 12,366 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Geode Capital Management LLC increased its position in TELUS International (Cda) Inc. (NYSE:TIXT) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,811 shares of the company’s stock after purchasing an additional 12,366 shares during the period. Geode Capital Management LLC’s holdings in TELUS International (Cda) were worth $301,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of TELUS International (Cda) during the third quarter valued at approximately $54,000. PFW Advisors LLC purchased a new position in TELUS International (Cda) during the 4th quarter worth $67,000. Blue Trust Inc. boosted its holdings in TELUS International (Cda) by 27.3% during the 4th quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock worth $112,000 after acquiring an additional 6,132 shares during the last quarter. Barclays PLC grew its stake in shares of TELUS International (Cda) by 118.8% in the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock worth $120,000 after acquiring an additional 16,629 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of TELUS International (Cda) by 17.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company’s stock valued at $220,000 after purchasing an additional 8,350 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT opened at $2.57 on Friday. The stock has a fifty day moving average of $2.62 and a 200-day moving average of $3.36. The stock has a market cap of $708.42 million, a PE ratio of -7.34, a price-to-earnings-growth ratio of 4.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. TELUS International has a fifty-two week low of $2.13 and a fifty-two week high of $8.18.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. Equities research analysts anticipate that TELUS International will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TIXT shares. Barclays reduced their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Scotiabank cut their price objective on TELUS International (Cda) from $5.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, TD Securities lifted their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, TELUS International (Cda) has an average rating of “Hold” and a consensus target price of $5.21.

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.