Geode Capital Management LLC Has $338,000 Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Geode Capital Management LLC lowered its holdings in TELUS International (Cda) Inc. (NYSE:TIXT) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,445 shares of the company’s stock after selling 6,258 shares during the quarter. Geode Capital Management LLC owned about 0.06% of TELUS International (Cda) worth $338,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mackenzie Financial Corp raised its position in shares of TELUS International (Cda) by 5.9% during the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after acquiring an additional 472,103 shares during the last quarter. QV Investors Inc. increased its holdings in shares of TELUS International (Cda) by 398.0% in the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after acquiring an additional 4,804,521 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of TELUS International (Cda) by 5.8% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock worth $12,301,000 after acquiring an additional 173,477 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of TELUS International (Cda) by 256.5% in the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after acquiring an additional 1,310,287 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of TELUS International (Cda) during the third quarter worth about $3,257,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Performance

TIXT stock opened at $3.23 on Monday. The stock has a 50-day moving average price of $3.79 and a 200-day moving average price of $4.15. TELUS International has a 1-year low of $2.83 and a 1-year high of $11.51. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. The firm has a market cap of $888.25 million, a PE ratio of -64.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm 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 prior year, the business posted $0.19 earnings per share. As a group, equities research analysts expect that TELUS International will post 0.43 earnings per share for the current year.

Analysts Set New Price Targets

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

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.