Clearbridge Investments LLC Grows Stock Holdings in TELUS International (Cda) Inc. (NYSE:TIXT)

Clearbridge Investments LLC grew its stake in TELUS International (Cda) Inc. (NYSE:TIXT) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,606,794 shares of the company’s stock after purchasing an additional 1,198,312 shares during the period. Clearbridge Investments LLC owned approximately 2.04% of TELUS International (Cda) worth $21,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake 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 during the last quarter. Walleye Capital LLC acquired a new position in shares of TELUS International (Cda) during the 3rd quarter valued at about $60,000. Centiva Capital LP acquired a new position in shares of TELUS International (Cda) during the 3rd quarter valued at about $103,000. Jane Street Group LLC purchased a new stake in shares of TELUS International (Cda) in the third quarter valued at about $3,257,000. Finally, National Bank of Canada FI increased its position 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 purchasing an additional 20,230 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Trading Down 0.9 %

Shares of TIXT stock opened at $2.67 on Wednesday. TELUS International has a fifty-two week low of $2.57 and a fifty-two week high of $8.96. The company has a 50 day moving average price of $3.26 and a 200 day moving average price of $3.57. The stock has a market capitalization of $732.88 million, a P/E ratio of -7.61, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95.

TELUS International (Cda) (NYSE:TIXT) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. Equities research analysts predict that TELUS International will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TIXT. Stifel Nicolaus initiated coverage on shares of TELUS International (Cda) in a research note on Thursday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. TD Securities increased their price objective on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TELUS International (Cda) has a consensus rating of “Hold” and a consensus price target of $6.00.

About TELUS International (Cda)

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.