TDCX Inc. (NYSE:TDCX) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in TDCX Inc. (NYSE:TDCX) by 69.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 868,623 shares of the company’s stock after buying an additional 357,278 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in TDCX were worth $4,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDCX. Mitsubishi UFJ Trust & Banking Corp increased its holdings in TDCX by 130.3% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 127,871 shares of the company’s stock worth $756,000 after buying an additional 72,351 shares during the period. Acadian Asset Management LLC increased its holdings in TDCX by 696.0% in the 3rd quarter. Acadian Asset Management LLC now owns 78,729 shares of the company’s stock worth $460,000 after buying an additional 68,839 shares during the period. Finally, Barclays PLC acquired a new position in TDCX in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 10.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HSBC downgraded shares of TDCX from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

TDCX Price Performance

Shares of NYSE TDCX opened at $7.13 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.49 and a beta of 0.29. TDCX Inc. has a 12 month low of $4.22 and a 12 month high of $10.42. The firm’s 50 day simple moving average is $6.92 and its 200-day simple moving average is $5.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.64 and a quick ratio of 8.16.

TDCX (NYSE:TDCX) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $120.43 million for the quarter, compared to analysts’ expectations of $118.67 million. TDCX had a net margin of 18.24% and a return on equity of 18.91%. Analysts expect that TDCX Inc. will post 0.63 EPS for the current year.

TDCX Company Profile

TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.