QV Investors Inc. Buys 1,561,690 Shares of Telus Digital $TIXT

QV Investors Inc. grew its stake in shares of Telus Digital (NYSE:TIXT) by 25.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,614,325 shares of the company’s stock after acquiring an additional 1,561,690 shares during the quarter. Telus Digital comprises about 2.7% of QV Investors Inc.’s portfolio, making the stock its 11th biggest holding. QV Investors Inc. owned approximately 2.76% of Telus Digital worth $27,623,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Telus Digital by 73.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 541,635 shares of the company’s stock worth $1,457,000 after buying an additional 229,369 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Telus Digital by 1,347.7% during the 1st quarter. Acadian Asset Management LLC now owns 728,179 shares of the company’s stock worth $1,942,000 after buying an additional 677,879 shares in the last quarter. Cardinal Point Capital Management ULC acquired a new position in shares of Telus Digital during the 2nd quarter worth $386,000. Nuveen LLC acquired a new position in shares of Telus Digital during the 1st quarter worth $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Telus Digital by 87.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,086 shares of the company’s stock worth $102,000 after buying an additional 17,764 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

Telus Digital Trading Up 0.3%

NYSE TIXT opened at $4.36 on Friday. The business’s 50-day moving average price is $4.34 and its two-hundred day moving average price is $3.61. Telus Digital has a 12 month low of $2.13 and a 12 month high of $4.60. The firm has a market capitalization of $1.21 billion, a PE ratio of -3.13 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85.

Telus Digital (NYSE:TIXT) last released its quarterly earnings results on Friday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%.The firm had revenue of $711.33 million for 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, analysts expect that Telus Digital will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Scotiabank upped their target price on Telus Digital from $3.40 to $4.50 and gave the stock a “sector perform” rating in a report on Thursday, September 4th. National Bank Financial cut Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 target price for the company. in a report on Monday, July 21st. CIBC cut Telus Digital from a “neutral” rating to a “tender” rating and upped their target price for the stock from $3.40 to $4.50 in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telus Digital in a report on Friday. Finally, Morgan Stanley lowered their target price on Telus Digital from $3.49 to $3.40 and set an “equal weight” rating for the company in a report on Monday, August 4th. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Telus Digital has a consensus rating of “Reduce” 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.