Bank of New York Mellon Corp Has $538,000 Holdings in TaskUs, Inc. (NASDAQ:TASK)

Bank of New York Mellon Corp cut its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,771 shares of the company’s stock after selling 3,710 shares during the period. Bank of New York Mellon Corp’s holdings in TaskUs were worth $538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the last quarter. Jane Street Group LLC lifted its position in shares of TaskUs by 9.9% during the third quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after purchasing an additional 1,959 shares in the last quarter. Centiva Capital LP increased its holdings in shares of TaskUs by 27.6% in the third quarter. Centiva Capital LP now owns 19,512 shares of the company’s stock valued at $252,000 after purchasing an additional 4,218 shares in the last quarter. Barclays PLC raised its position in TaskUs by 24.9% in the 3rd quarter. Barclays PLC now owns 24,774 shares of the company’s stock worth $321,000 after purchasing an additional 4,945 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in TaskUs by 186.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after buying an additional 6,140 shares in the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TaskUs news, insider Jarrod Johnson sold 15,460 shares of TaskUs stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total value of $204,845.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.26% of the stock is currently owned by company insiders.

TaskUs Price Performance

Shares of TASK opened at $13.76 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.24 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24. The stock’s 50-day moving average price is $14.94 and its two-hundred day moving average price is $14.51. TaskUs, Inc. has a 1 year low of $10.56 and a 1 year high of $19.60.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The firm had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. On average, equities analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

TASK has been the subject of several research reports. Royal Bank of Canada lifted their target price on TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. Finally, Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, TaskUs presently has an average rating of “Hold” and a consensus target price of $17.86.

TaskUs Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.