Teacher Retirement System of Texas Trims Stock Position in TaskUs, Inc. (NASDAQ:TASK)

Teacher Retirement System of Texas lessened its stake in TaskUs, Inc. (NASDAQ:TASK) by 39.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,764 shares of the company’s stock after selling 32,608 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of TaskUs worth $678,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Think Investments LP raised its position in shares of TaskUs by 14.5% in the fourth quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock worth $48,813,000 after acquiring an additional 364,608 shares during the period. Ameriprise Financial Inc. increased its stake in shares of TaskUs by 7.9% in the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company’s stock valued at $16,223,000 after purchasing an additional 69,704 shares in the last quarter. Royce & Associates LP raised its holdings in TaskUs by 10.9% in the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company’s stock worth $12,581,000 after purchasing an additional 73,100 shares during the period. SG Americas Securities LLC boosted its position in TaskUs by 85.9% during the first quarter. SG Americas Securities LLC now owns 651,838 shares of the company’s stock worth $8,885,000 after purchasing an additional 301,119 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in TaskUs by 7.0% in the fourth quarter. Renaissance Technologies LLC now owns 497,623 shares of the company’s stock valued at $8,430,000 after purchasing an additional 32,500 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

TaskUs stock opened at $17.17 on Wednesday. The company has a fifty day simple moving average of $16.67 and a 200-day simple moving average of $15.30. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.15 and a beta of 2.16. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.45. TaskUs, Inc. has a 52-week low of $10.57 and a 52-week high of $19.60.

Analyst Ratings Changes

TASK has been the subject of several research analyst reports. Robert W. Baird downgraded TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 target price for the company. in a research note on Monday, May 12th. Royal Bank Of Canada cut their price target on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating for the company in a report on Monday, May 12th. William Blair downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Baird R W lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, TaskUs presently has an average rating of “Hold” and an average price target of $17.67.

TaskUs Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.