TELUS International (Cda) Inc. (NYSE:TIXT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 16.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,478 shares of the company’s stock after selling 19,092 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of TELUS International (Cda) worth $393,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TIXT. Blue Trust Inc. grew its stake in TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after acquiring an additional 2,948 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 purchasing an additional 4,973 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of TELUS International (Cda) in the second quarter valued at approximately $191,000. National Bank of Canada FI increased its holdings in shares of TELUS International (Cda) by 971.6% in the second quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock valued at $441,000 after purchasing an additional 68,403 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in TELUS International (Cda) by 192.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company’s stock worth $620,000 after buying an additional 104,430 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Desjardins upgraded TELUS International (Cda) to a “hold” rating in a 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $3.64 on Friday. TELUS International has a one year low of $2.83 and a one year high of $11.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50 day moving average price is $3.80 and its 200-day moving average price is $4.39. The firm has a market cap of $1.00 billion, a P/E ratio of -72.80, a P/E/G ratio of 1.22 and a beta of 0.70.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $658.00 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.19 earnings per share. As a group, equities research analysts predict that TELUS International will post 0.43 EPS for the current year.

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.