TELUS Digital (NYSE:TIXT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in TELUS Digital (NYSE:TIXT) by 38.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,333 shares of the company’s stock after selling 40,349 shares during the quarter. Dimensional Fund Advisors LP’s holdings in TELUS Digital were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in TELUS Digital by 209.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock valued at $8,222,000 after acquiring an additional 1,418,119 shares during the period. Blue Trust Inc. lifted its holdings in shares of TELUS Digital by 62.0% in the 4th quarter. Blue Trust Inc. now owns 36,332 shares of the company’s stock worth $142,000 after purchasing an additional 13,904 shares during the last quarter. Barclays PLC boosted its position in TELUS Digital by 118.8% during the 3rd quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after purchasing an additional 16,629 shares during the period. Geode Capital Management LLC grew its stake in TELUS Digital by 19.2% during the 4th quarter. Geode Capital Management LLC now owns 76,811 shares of the company’s stock worth $301,000 after buying an additional 12,366 shares during the last quarter. Finally, Bank of Montreal Can increased its position in TELUS Digital by 13.0% in the fourth quarter. Bank of Montreal Can now owns 211,122 shares of the company’s stock worth $829,000 after buying an additional 24,368 shares during the period. 59.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TIXT has been the subject of several analyst reports. National Bank Financial raised shares of TELUS Digital from a “sector perform” rating to an “outperform” rating in a report on Friday, May 9th. BMO Capital Markets reduced their target price on shares of TELUS Digital from $4.50 to $3.00 and set a “market perform” rating for the company in a research note on Monday, May 12th. National Bankshares dropped their price target on shares of TELUS Digital from $4.25 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, April 25th. Barclays reduced their price objective on TELUS Digital from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Scotiabank lowered their target price on TELUS Digital from $5.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, TELUS Digital presently has an average rating of “Hold” and a consensus target price of $4.07.

TELUS Digital Stock Performance

Shares of NYSE TIXT opened at $2.86 on Friday. TELUS Digital has a 1 year low of $2.13 and a 1 year high of $6.86. The firm has a market cap of $786.98 million, a P/E ratio of -8.16, a PEG ratio of 4.71 and a beta of 0.72. The stock has a fifty day moving average price of $2.59 and a two-hundred day moving average price of $3.29. 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 Digital (NYSE:TIXT) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $647.04 million during the quarter, compared to analyst estimates of $650.18 million. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%. Research analysts forecast that TELUS Digital will post 0.32 EPS for the current fiscal year.

TELUS Digital Company Profile

TELUS Digital 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.