TELUS International (Cda) Inc. (NYSE:TIXT) Holdings Raised by Scheer Rowlett & Associates Investment Management Ltd.

Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in TELUS International (Cda) Inc. (NYSE:TIXT) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,151,263 shares of the company’s stock after buying an additional 173,477 shares during the quarter. TELUS International (Cda) makes up about 0.9% of Scheer Rowlett & Associates Investment Management Ltd.’s holdings, making the stock its 29th biggest position. Scheer Rowlett & Associates Investment Management Ltd.’s holdings in TELUS International (Cda) were worth $12,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in shares of TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after purchasing an additional 2,948 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after purchasing an additional 4,973 shares in the last quarter. XTX Topco Ltd bought a new position in shares of TELUS International (Cda) during the 2nd quarter valued at $191,000. National Bank of Canada FI raised its holdings in shares of TELUS International (Cda) by 971.6% during the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock valued at $441,000 after purchasing an additional 68,403 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of TELUS International (Cda) by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company’s stock valued at $809,000 after purchasing an additional 10,501 shares in the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Stock Performance

TIXT stock traded down $0.01 during trading hours on Wednesday, reaching $3.48. The stock had a trading volume of 36,134 shares, compared to its average volume of 331,234. The stock has a market capitalization of $371.77 million, a PE ratio of -69.80, a price-to-earnings-growth ratio of 1.17 and a beta of 0.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $4.77. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same quarter last year, the company posted $0.19 earnings per share. Analysts predict that TELUS International will post 0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. William Blair lowered shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Bank of America lowered shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and lowered their target price for the company from $11.00 to $4.00 in a research note on Monday, August 5th. BMO Capital Markets lowered their target price on shares of TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating on the stock in a research note on Monday, August 5th. TD Securities reiterated a “hold” rating and issued a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday, August 6th. Finally, Cibc World Mkts lowered shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, TELUS International (Cda) has a consensus rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Company Profile

TELUS International (Cda) 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.