JPMorgan Chase & Co. Acquires New Position in TELUS International (Cda) Inc. (NYSE:TIXT)

JPMorgan Chase & Co. bought a new stake in TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,195,014 shares of the company's stock, valued at approximately $24,223,000. JPMorgan Chase & Co. owned 2.25% of TELUS International (Cda) at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in TELUS International (Cda) by 15.1% in the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company's stock valued at $88,000 after acquiring an additional 2,948 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TELUS International (Cda) by 32.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company's stock valued at $117,000 after purchasing an additional 4,973 shares in the last quarter. Marshall Wace LLP boosted its position in shares of TELUS International (Cda) by 2.3% during the second quarter. Marshall Wace LLP now owns 223,262 shares of the company's stock worth $1,290,000 after buying an additional 5,017 shares during the period. DGS Capital Management LLC grew its holdings in shares of TELUS International (Cda) by 16.4% during the third quarter. DGS Capital Management LLC now owns 36,742 shares of the company's stock worth $144,000 after buying an additional 5,164 shares in the last quarter. Finally, TD Asset Management Inc raised its position in TELUS International (Cda) by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 254,914 shares of the company's stock valued at $1,472,000 after buying an additional 5,351 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised TELUS International (Cda) to a "hold" rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.37.

TELUS International (Cda) Stock Performance

Shares of NYSE TIXT traded down $0.60 during midday trading on Thursday, hitting $3.20. 1,005,464 shares of the company's stock were exchanged, compared to its average volume of 534,083. TELUS International has a 12 month low of $2.83 and a 12 month high of $11.51. The company's 50 day moving average price is $3.80 and its 200 day moving average price is $4.19. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $880 million, a PE ratio of -64.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period in the previous year, the company earned $0.19 earnings per share. As a group, analysts predict that TELUS International will post 0.43 earnings per share for the current fiscal year.

TELUS International (Cda) 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.