National Bank of Canada FI Lowers Position in TELUS International (Cda) Inc. (NYSE:TIXT)

National Bank of Canada FI reduced its stake in TELUS International (Cda) Inc. (NYSE:TIXT) by 23.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,762 shares of the company’s stock after selling 22,911 shares during the period. National Bank of Canada FI’s holdings in TELUS International (Cda) were worth $286,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TIXT. Franklin Resources Inc. grew its stake in shares of TELUS International (Cda) by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock valued at $446,000 after buying an additional 3,667 shares in the last quarter. Clearbridge Investments LLC grew its position in 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 acquiring an additional 1,198,312 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in TELUS International (Cda) by 209.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock worth $8,222,000 after purchasing an additional 1,418,119 shares during the period. Horrell Capital Management Inc. lifted its position in shares of TELUS International (Cda) by 8.7% during the fourth quarter. Horrell Capital Management Inc. now owns 625,000 shares of the company’s stock worth $2,450,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of TELUS International (Cda) by 69.3% in the fourth quarter. Virtu Financial LLC now owns 23,202 shares of the company’s stock valued at $91,000 after purchasing an additional 9,500 shares during the period. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Trading Down 6.2 %

NYSE:TIXT opened at $2.35 on Friday. TELUS International has a 1 year low of $2.13 and a 1 year high of $8.75. The stock has a market cap of $644.88 million, a P/E ratio of -6.70, a P/E/G ratio of 4.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $3.50.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The business had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. As a group, analysts anticipate that TELUS International will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Securities upped their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Stifel Nicolaus initiated coverage on TELUS International (Cda) in a research report on Thursday, January 16th. They set a “buy” rating and a $5.00 price objective on the stock. Finally, Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

TELUS International (Cda) 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.