Acadian Asset Management LLC Purchases 677,879 Shares of Telus Digital $TIXT

Acadian Asset Management LLC increased its position in Telus Digital (NYSE:TIXT) by 1,347.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 728,179 shares of the company’s stock after purchasing an additional 677,879 shares during the period. Acadian Asset Management LLC owned approximately 0.26% of Telus Digital worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in Telus Digital by 18.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company’s stock worth $137,000 after purchasing an additional 5,509 shares in the last quarter. Bank of America Corp DE lifted its stake in Telus Digital by 14.3% during the 4th quarter. Bank of America Corp DE now owns 419,723 shares of the company’s stock valued at $1,645,000 after acquiring an additional 52,561 shares during the period. BNP Paribas Financial Markets bought a new position in Telus Digital during the 4th quarter valued at about $101,000. Two Sigma Investments LP lifted its stake in Telus Digital by 578.8% during the 4th quarter. Two Sigma Investments LP now owns 497,821 shares of the company’s stock valued at $1,951,000 after acquiring an additional 424,484 shares during the period. Finally, Deutsche Bank AG bought a new position in Telus Digital during the 4th quarter valued at about $246,000. Institutional investors own 59.55% of the company’s stock.

Telus Digital Trading Down 0.2%

Shares of TIXT opened at $4.49 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84. Telus Digital has a 1 year low of $2.13 and a 1 year high of $4.60. The company has a 50 day simple moving average of $3.99 and a two-hundred day simple moving average of $3.26. The firm has a market cap of $1.24 billion, a P/E ratio of -3.23 and a beta of 0.91.

Telus Digital (NYSE:TIXT) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Telus Digital had a negative net margin of 14.09% and a positive return on equity of 1.99%. The business had revenue of $711.33 million during the quarter, compared to analyst estimates of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. On average, equities analysts expect that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TIXT has been the topic of several research analyst reports. National Bank Financial cut shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 target price on the stock. in a research note on Monday, July 21st. Stifel Canada cut shares of Telus Digital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Wall Street Zen cut shares of Telus Digital from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. National Bankshares cut shares of Telus Digital from a “sector perform” rating to a “tender” rating and upped their target price for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Finally, CIBC cut shares of Telus Digital from a “neutral” rating to a “tender” rating and upped their target price for the company from $3.40 to $4.50 in a research note on Wednesday, September 3rd. Nine investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.93.

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.