Blue Trust Inc. Boosts Holdings in TELUS International (Cda) Inc. (NYSE:TIXT)

Blue Trust Inc. increased its stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,428 shares of the company’s stock after acquiring an additional 2,948 shares during the quarter. Blue Trust Inc.’s holdings in TELUS International (Cda) were worth $88,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TIXT. Swiss National Bank increased its position in shares of TELUS International (Cda) by 2.1% during the first quarter. Swiss National Bank now owns 149,000 shares of the company’s stock worth $1,261,000 after purchasing an additional 3,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after buying an additional 4,973 shares during the last quarter. Marshall Wace LLP increased its position in TELUS International (Cda) by 2.3% during the second quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock worth $1,290,000 after buying an additional 5,017 shares during the period. TD Asset Management Inc lifted its stake in TELUS International (Cda) by 2.1% in the second quarter. TD Asset Management Inc now owns 254,914 shares of the company’s stock valued at $1,472,000 after buying an additional 5,351 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of TELUS International (Cda) by 12.1% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock valued at $514,000 after acquiring an additional 6,560 shares during the period. 59.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank of Canada downgraded shares of TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $10.00 to $5.00 in a research report on Monday, August 5th. Bank of America downgraded shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $11.00 to $4.00 in a research note on Monday, August 5th. Robert W. Baird dropped their price target on TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. cut TELUS International (Cda) from a “neutral” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Wednesday, July 17th. Finally, Desjardins raised TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Price Performance

Shares of NYSE TIXT opened at $3.68 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $393.13 million, a price-to-earnings ratio of 36.80, a PEG ratio of 1.19 and a beta of 0.69. The company’s 50-day moving average price is $3.69 and its 200 day moving average price is $5.22. TELUS International has a 52 week low of $2.83 and a 52 week high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The business had revenue of $652.00 million for the quarter, compared to analysts’ expectations of $682.32 million. During the same period last year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

About TELUS International (Cda)

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.