Barclays PLC Buys 16,629 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Barclays PLC boosted its stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 118.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,629 shares of the company’s stock after acquiring an additional 16,629 shares during the period. Barclays PLC’s holdings in TELUS International (Cda) were worth $120,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in TELUS International (Cda) during the third quarter worth about $115,000. Orion Portfolio Solutions LLC acquired a new position in TELUS International (Cda) during the third quarter worth about $96,000. XTX Topco Ltd raised its stake in TELUS International (Cda) by 148.9% during the third quarter. XTX Topco Ltd now owns 82,199 shares of the company’s stock worth $321,000 after acquiring an additional 49,178 shares in the last quarter. National Bank of Canada FI raised its stake in TELUS International (Cda) by 26.8% during the third quarter. National Bank of Canada FI now owns 95,673 shares of the company’s stock worth $374,000 after acquiring an additional 20,230 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in TELUS International (Cda) during the third quarter worth about $3,257,000. Institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Stock Down 15.8 %

Shares of NYSE TIXT opened at $3.20 on Thursday. The company’s 50 day moving average price is $3.81 and its 200-day moving average price is $4.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51. The company has a market capitalization of $880 million, a P/E ratio of -64.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities analysts forecast that TELUS International will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Desjardins raised TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, TELUS International (Cda) presently has an average rating of “Hold” and a consensus price target of $7.37.

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.