Arrowstreet Capital Limited Partnership Has $8.22 Million Stock Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Arrowstreet Capital Limited Partnership boosted its holdings in TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) by 209.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,095,220 shares of the company's stock after purchasing an additional 1,418,119 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.76% of TELUS International (Cda) worth $8,222,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth $54,000. Walleye Capital LLC bought a new stake in TELUS International (Cda) during the third quarter worth about $60,000. PFW Advisors LLC acquired a new stake in TELUS International (Cda) during the fourth quarter worth about $67,000. Orion Portfolio Solutions LLC bought a new position in TELUS International (Cda) in the 3rd quarter valued at about $96,000. Finally, Centiva Capital LP acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at approximately $103,000. Institutional investors own 59.55% of the company's stock.

Wall Street Analysts Forecast Growth

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

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TELUS International (Cda) Trading Up 2.3 %

Shares of TELUS International (Cda) stock traded up $0.06 on Friday, hitting $2.42. The stock had a trading volume of 270,023 shares, compared to its average volume of 398,044. The stock has a 50 day moving average of $2.97 and a 200 day moving average of $3.49. The firm has a market capitalization of $664.13 million, a P/E ratio of -6.90, a PEG ratio of 4.71 and a beta of 0.71. TELUS International has a twelve month low of $2.13 and a twelve month high of $8.70. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (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 negative net margin of 2.30% and a positive return on equity of 5.73%. Sell-side analysts expect that TELUS International will post 0.32 earnings per share for the current fiscal year.

TELUS International (Cda) Company 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.