Public Employees Retirement System of Ohio Grows Holdings in TELUS Digital (NYSE:TIXT)

Public Employees Retirement System of Ohio boosted its stake in TELUS Digital (NYSE:TIXT) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,862 shares of the company’s stock after acquiring an additional 5,509 shares during the period. Public Employees Retirement System of Ohio’s holdings in TELUS Digital were worth $137,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TIXT. Arrowstreet Capital Limited Partnership raised its position in shares of TELUS Digital by 209.4% during the 4th 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 in the last quarter. Two Sigma Investments LP raised its holdings in shares of TELUS Digital by 578.8% during the fourth quarter. Two Sigma Investments LP now owns 497,821 shares of the company’s stock worth $1,951,000 after purchasing an additional 424,484 shares during the period. Bank of America Corp DE lifted its position in shares of TELUS Digital by 14.3% in the 4th quarter. Bank of America Corp DE now owns 419,723 shares of the company’s stock worth $1,645,000 after buying an additional 52,561 shares during the last quarter. Blue Trust Inc. boosted its stake in TELUS Digital by 62.0% in the fourth quarter. Blue Trust Inc. now owns 36,332 shares of the company’s stock valued at $142,000 after acquiring an additional 13,904 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of TELUS Digital during the fourth quarter valued at approximately $101,000. 59.55% of the stock is currently owned by institutional investors.

TELUS Digital Stock Performance

TIXT opened at $2.67 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm has a market cap of $734.61 million, a PE ratio of -7.61, a P/E/G ratio of 4.71 and a beta of 0.80. The business has a fifty day simple moving average of $2.61 and a 200-day simple moving average of $3.19. TELUS Digital has a fifty-two week low of $2.13 and a fifty-two week high of $6.86.

TELUS Digital (NYSE:TIXT) last announced its earnings results on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $647.04 million for the quarter, compared to the consensus estimate of $650.18 million. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%. As a group, equities analysts predict that TELUS Digital will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.