Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 63.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,823 shares of the utilities provider’s stock after buying an additional 15,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $726,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 7.5% in the 2nd quarter. American Century Companies Inc. now owns 475,666 shares of the utilities provider’s stock worth $8,895,000 after acquiring an additional 33,360 shares during the period. CWM LLC boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 613 shares in the last quarter. Advisors Asset Management Inc. increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 112.3% during the 1st quarter. Advisors Asset Management Inc. now owns 28,092 shares of the utilities provider’s stock worth $625,000 after purchasing an additional 14,860 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock worth $688,000 after buying an additional 1,367 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% during the 4th quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock worth $3,445,000 after buying an additional 12,583 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research note on Tuesday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE TLK opened at $20.87 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66. Perusahaan Perseroan has a one year low of $16.62 and a one year high of $26.85. The firm has a market capitalization of $18.80 billion, a P/E ratio of 12.96, a PEG ratio of 1.56 and a beta of 0.77. The company’s fifty day moving average is $19.16 and its two-hundred day moving average is $19.67.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. The company had revenue of $2.35 billion for the quarter. Analysts forecast that Perusahaan Perseroan will post 1.69 EPS for the current fiscal year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.