JPMorgan Chase & Co. Acquires Shares of 6,195,014 TELUS International (Cda) Inc. (NYSE:TIXT)

JPMorgan Chase & Co. bought a new position in TELUS International (Cda) Inc. (NYSE:TIXT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,195,014 shares of the company’s stock, valued at approximately $24,223,000. JPMorgan Chase & Co. owned 2.25% of TELUS International (Cda) at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. QV Investors Inc. lifted its holdings in TELUS International (Cda) by 398.0% in the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after buying an additional 4,804,521 shares in the last quarter. Horrell Capital Management Inc. acquired a new position in shares of TELUS International (Cda) in the third quarter worth about $2,248,000. Mackenzie Financial Corp boosted its holdings in TELUS International (Cda) by 5.9% in the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after purchasing an additional 472,103 shares during the last quarter. Northwest & Ethical Investments L.P. grew its stake in TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock valued at $7,110,000 after purchasing an additional 1,310,287 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in TELUS International (Cda) during the 3rd quarter worth approximately $3,257,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Trading Down 15.8 %

NYSE TIXT opened at $3.20 on Thursday. 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 one year low of $2.83 and a one year high of $11.51. The company has a 50-day simple moving average of $3.81 and a 200-day simple moving average of $4.19. The firm has a market capitalization of $880 million, a PE 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 issued its earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, equities analysts forecast that TELUS International will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.