130,000 Shares in Telus Digital $TIXT Acquired by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd purchased a new position in shares of Telus Digital (NYSE:TIXT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 130,000 shares of the company’s stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Telus Digital during the first quarter worth $58,000. Avior Wealth Management LLC purchased a new stake in Telus Digital during the 2nd quarter worth about $85,000. PDT Partners LLC boosted its position in shares of Telus Digital by 79.9% during the 1st quarter. PDT Partners LLC now owns 28,058 shares of the company’s stock worth $75,000 after acquiring an additional 12,458 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 acquiring an additional 17,764 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Telus Digital in the 2nd quarter valued at about $169,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

Telus Digital Stock Performance

Shares of Telus Digital stock opened at $4.33 on Friday. The firm’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $3.92. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.12 and a beta of 0.94. Telus Digital has a 12 month low of $2.13 and a 12 month high of $4.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.84.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. CIBC cut Telus Digital from a “neutral” rating to a “tender” rating and boosted their target price for the stock from $3.40 to $4.50 in a research note on Wednesday, September 3rd. National Bankshares downgraded shares of Telus Digital from a “sector perform” rating to a “tender” rating and boosted their price objective for the stock from $4.00 to $4.50 in a research report on Wednesday, September 3rd. Morgan Stanley lowered 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 report on Monday, August 4th. Wall Street Zen upgraded shares of Telus Digital to a “hold” rating in a research note on Saturday, November 1st. Finally, Scotiabank boosted their price target on shares of Telus Digital from $3.40 to $4.50 and gave the company a “sector perform” rating in a research report on Thursday, September 4th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.93.

Telus Digital Company 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.