Beutel Goodman & Co Ltd. lessened its stake in TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,263,260 shares of the company's stock after selling 344,070 shares during the period. Beutel Goodman & Co Ltd. owned 0.82% of TELUS International (Cda) worth $8,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of TELUS International (Cda) in the 3rd quarter valued at $54,000. Walleye Capital LLC acquired a new position in TELUS International (Cda) in the third quarter valued at $60,000. PFW Advisors LLC acquired a new stake in shares of TELUS International (Cda) during the fourth quarter worth about $67,000. Orion Portfolio Solutions LLC purchased a new position in shares of TELUS International (Cda) during the third quarter worth about $96,000. Finally, Centiva Capital LP acquired a new position in shares of TELUS International (Cda) during the third quarter worth about $103,000. Hedge funds and other institutional investors own 59.55% of the company's stock.
TELUS International (Cda) Stock Down 0.9 %
TIXT traded down $0.03 during midday trading on Tuesday, hitting $2.67. 222,156 shares of the company's stock traded hands, compared to its average volume of 389,747. The company has a market cap of $732.88 million, a PE ratio of -7.61, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. TELUS International has a one year low of $2.58 and a one year high of $8.96. The stock's fifty day simple moving average is $3.28 and its 200-day simple moving average is $3.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95.
TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued 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). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The business had revenue of $691.00 million during the quarter, compared to analyst estimates of $672.44 million. As a group, equities analysts anticipate that TELUS International will post 0.32 earnings per share for the current fiscal year.
Analyst Ratings Changes
TIXT has been the topic of several research analyst reports. Stifel Canada raised TELUS International (Cda) to a "strong-buy" rating in a research note on Wednesday, January 15th. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a research report on Thursday, January 16th. They issued a "buy" rating and a $5.00 target price on the stock. Finally, TD Securities upped their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $6.00.
Check Out Our Latest Research Report on TELUS International (Cda)
TELUS International (Cda) Profile
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Free Report)
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.
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