Aviso Financial Inc. Purchases 12,225 Shares of Telus Digital $TIXT

Aviso Financial Inc. raised its stake in Telus Digital (NYSE:TIXT) by 25.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 60,651 shares of the company’s stock after purchasing an additional 12,225 shares during the quarter. Aviso Financial Inc.’s holdings in Telus Digital were worth $220,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Telus Digital during the 1st quarter valued at about $58,000. PDT Partners LLC boosted its stake in Telus Digital by 79.9% in the 1st quarter. PDT Partners LLC now owns 28,058 shares of the company’s stock worth $75,000 after purchasing an additional 12,458 shares in the last quarter. Avior Wealth Management LLC bought a new position in Telus Digital in the 2nd quarter worth about $85,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Telus Digital by 87.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,086 shares of the company’s stock valued at $102,000 after purchasing an additional 17,764 shares in the last quarter. Finally, Walleye Capital LLC raised its holdings in Telus Digital by 302.3% in the 1st quarter. Walleye Capital LLC now owns 46,748 shares of the company’s stock worth $126,000 after acquiring an additional 35,129 shares during the last quarter. Institutional investors own 59.55% of the company’s stock.

Telus Digital Stock Performance

TIXT stock opened at $4.33 on Wednesday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -3.12 and a beta of 0.94. Telus Digital has a one year low of $2.13 and a one year high of $4.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day simple moving average of $4.41 and a two-hundred day simple moving average of $3.91.

Analyst Ratings Changes

TIXT has been the topic of a number of research reports. Wall Street Zen upgraded Telus Digital to a “hold” rating in a research note on Saturday, November 1st. Stifel Canada lowered Telus Digital from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Morgan Stanley dropped their target price on shares of Telus Digital from $3.49 to $3.40 and set an “equal weight” rating for the company in a research report on Monday, August 4th. Stifel Nicolaus downgraded shares of Telus Digital from a “buy” rating to a “hold” rating and upped their price target for the company from $4.00 to $4.50 in a research note on Wednesday, September 3rd. Finally, Scotiabank lifted their price objective on shares of Telus Digital from $3.40 to $4.50 and gave the stock a “sector perform” rating in a research note on Thursday, September 4th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Telus Digital has a consensus rating of “Reduce” and a consensus 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.