TELUS International (Cda) Inc. (NYSE:TIXT) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 15.1% in the third quarter, Holdings Channel reports. The firm owned 22,428 shares of the company’s stock after acquiring an additional 2,948 shares during the period. Blue Trust Inc.’s holdings in TELUS International (Cda) were worth $88,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after buying an additional 4,973 shares during the period. XTX Topco Ltd purchased a new stake in TELUS International (Cda) during the 2nd quarter worth $191,000. National Bank of Canada FI boosted its position in TELUS International (Cda) by 971.6% during the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock worth $441,000 after purchasing an additional 68,403 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in TELUS International (Cda) by 12.1% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock valued at $514,000 after purchasing an additional 6,560 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in TELUS International (Cda) by 12.4% in the first quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company’s stock valued at $809,000 after purchasing an additional 10,501 shares during the period. Hedge funds and other institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Stock Down 2.1 %

Shares of TELUS International (Cda) stock opened at $3.68 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $3.69 and a 200 day moving average price of $5.22. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51. The firm has a market cap of $393.13 million, a P/E ratio of 36.80, a P/E/G ratio of 1.19 and a beta of 0.69.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The firm had revenue of $652.00 million during the quarter, compared to the consensus estimate of $682.32 million. During the same quarter last year, the firm posted $0.16 earnings per share. TELUS International (Cda)’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

TIXT has been the subject of a number of recent research reports. Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. CIBC lowered shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 6th. BMO Capital Markets decreased their target price on shares of TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a research note on Monday, August 5th. Cibc World Mkts downgraded shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada cut shares of TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $10.00 to $5.00 in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, TELUS International (Cda) has a consensus rating of “Hold” and a consensus price target of $7.37.

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.