TELUS International (Cda) Inc. (NYSE:TIXT) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 42.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,594 shares of the company’s stock after acquiring an additional 11,492 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in TELUS International (Cda) were worth $148,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. purchased a new stake in TELUS International (Cda) during the third quarter worth approximately $24,223,000. Medina Value Partners LLC acquired a new stake in TELUS International (Cda) during the fourth quarter worth approximately $8,211,000. Arrowstreet Capital Limited Partnership lifted its position in shares of TELUS International (Cda) by 209.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after buying an additional 1,418,119 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of TELUS International (Cda) by 27.2% in the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company’s stock valued at $21,979,000 after buying an additional 1,198,312 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of TELUS International (Cda) by 72.0% in the 4th quarter. Renaissance Technologies LLC now owns 502,800 shares of the company’s stock valued at $1,971,000 after buying an additional 210,400 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $2.44 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. TELUS International has a 12-month low of $2.13 and a 12-month high of $8.49. The company has a market cap of $672.59 million, a price-to-earnings ratio of -6.97, a price-to-earnings-growth ratio of 4.71 and a beta of 0.71. The stock has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $3.40.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. On average, equities analysts forecast that TELUS International will post 0.32 EPS for the current year.

Analyst Ratings Changes

TIXT has been the subject of a number of research reports. National Bankshares reduced their price target on shares of TELUS International (Cda) from $4.25 to $3.00 and set a “sector perform” rating for the company in a research report on Friday. Barclays reduced their target price on TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a research note on Thursday, January 16th. They set a “buy” rating and a $5.00 price target on the stock. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, TD Securities lifted their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.38.

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.