Clearbridge Investments LLC Acquires 1,198,312 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Clearbridge Investments LLC boosted its stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 2.04% of TELUS International (Cda) worth $21,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TIXT. Charles Schwab Investment Management Inc. lifted its holdings in shares of TELUS International (Cda) by 192.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company's stock valued at $620,000 after buying an additional 104,430 shares during the period. Walleye Capital LLC bought a new position in TELUS International (Cda) in the third quarter valued at about $60,000. Centiva Capital LP purchased a new position in TELUS International (Cda) in the third quarter worth about $103,000. Jane Street Group LLC bought a new stake in shares of TELUS International (Cda) during the 3rd quarter valued at about $3,257,000. Finally, National Bank of Canada FI increased its position in shares of TELUS International (Cda) by 26.8% during the 3rd quarter. National Bank of Canada FI now owns 95,673 shares of the company's stock valued at $374,000 after purchasing an additional 20,230 shares during the last quarter. Institutional investors own 59.55% of the company's stock.

Analyst Ratings Changes

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

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TELUS International (Cda) Price Performance

Shares of TELUS International (Cda) stock traded down $0.23 on Friday, hitting $2.38. 331,990 shares of the company traded hands, compared to its average volume of 392,833. TELUS International has a 52 week low of $2.31 and a 52 week high of $8.96. The business has a 50-day simple moving average of $3.18 and a 200 day simple moving average of $3.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $653.13 million, a P/E ratio of -6.79, a price-to-earnings-growth ratio of 4.71 and a beta of 0.71.

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 analysts' consensus estimates 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 company had revenue of $691.00 million during the quarter, compared to the consensus estimate of $672.44 million. Research 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.