UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stake in TELUS Digital (NYSE:TIXT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in TELUS Digital (NYSE:TIXT) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,530 shares of the company’s stock after selling 26,948 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TELUS Digital were worth $288,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TELUS Digital by 209.4% in 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 during the last quarter. Bank of America Corp DE lifted its position in TELUS Digital by 14.3% during the fourth quarter. Bank of America Corp DE now owns 419,723 shares of the company’s stock valued at $1,645,000 after purchasing an additional 52,561 shares during the period. BNP Paribas Financial Markets purchased a new stake in TELUS Digital in the fourth quarter valued at $101,000. Two Sigma Investments LP boosted its holdings in TELUS Digital by 578.8% in the fourth quarter. Two Sigma Investments LP now owns 497,821 shares of the company’s stock valued at $1,951,000 after purchasing an additional 424,484 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in TELUS Digital during the 4th quarter worth about $246,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TIXT shares. TD Securities boosted their price objective on TELUS Digital from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. National Bank Financial raised TELUS Digital from a “sector perform” rating to an “outperform” rating in a report on Friday, May 9th. BMO Capital Markets lowered their price objective on 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. National Bankshares dropped their price objective 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. Finally, Scotiabank cut their target price on shares of TELUS Digital from $5.00 to $3.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. 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 company. According to MarketBeat, TELUS Digital has a consensus rating of “Hold” and an average target price of $4.07.

TELUS Digital Price Performance

Shares of NYSE TIXT opened at $3.67 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average of $2.67 and a 200 day moving average of $3.17. The firm has a market cap of $1.01 billion, a PE ratio of -10.49, a PEG ratio of 4.71 and a beta of 0.80. TELUS Digital has a one year low of $2.13 and a one year 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 business had revenue of $647.04 million for the quarter, compared to analyst estimates 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, research analysts predict that TELUS Digital will post 0.32 EPS for the current fiscal year.

TELUS Digital 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.