14,493 Shares in TELUS International (Cda) Inc. (NYSE:TIXT) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in TELUS International (Cda) Inc. (NYSE:TIXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,493 shares of the company’s stock, valued at approximately $124,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in TELUS International (Cda) in the third quarter worth $25,000. Ronald Blue Trust Inc. purchased a new position in TELUS International (Cda) in the third quarter worth $30,000. Shell Asset Management Co. purchased a new position in TELUS International (Cda) in the third quarter worth $45,000. Lazard Asset Management LLC purchased a new position in TELUS International (Cda) in the first quarter worth $46,000. Finally, Citigroup Inc. boosted its position in TELUS International (Cda) by 18.8% in the first quarter. Citigroup Inc. now owns 4,781 shares of the company’s stock worth $96,000 after purchasing an additional 755 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TIXT shares. CIBC dropped their price target on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Guggenheim started coverage on TELUS International (Cda) in a research report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 price target on the stock. BMO Capital Markets upped their price target on TELUS International (Cda) from $8.00 to $10.50 and gave the company a “market perform” rating in a research report on Monday, February 12th. Canaccord Genuity Group upped their price target on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Citigroup upped their price target on TELUS International (Cda) from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, TELUS International (Cda) currently has an average rating of “Hold” and an average target price of $13.83.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT opened at $7.94 on Thursday. The firm has a market capitalization of $848.23 million, a P/E ratio of 52.93, a P/E/G ratio of 8.90 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The stock’s 50-day simple moving average is $9.32 and its two-hundred day simple moving average is $8.28. TELUS International has a twelve month low of $6.03 and a twelve month high of $21.75.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, February 9th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. As a group, equities analysts anticipate that TELUS International will post 0.89 EPS for the current fiscal year.

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.