575,000 Shares in TELUS International (Cda) Inc. (NYSE:TIXT) Bought by Horrell Capital Management Inc.

Horrell Capital Management Inc. acquired a new stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 575,000 shares of the company's stock, valued at approximately $2,248,000. Horrell Capital Management Inc. owned about 0.54% of TELUS International (Cda) as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of TELUS International (Cda) by 12.1% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company's stock worth $514,000 after buying an additional 6,560 shares in the last quarter. Swiss National Bank raised its stake in shares of TELUS International (Cda) by 2.1% during the 1st quarter. Swiss National Bank now owns 149,000 shares of the company's stock worth $1,261,000 after buying an additional 3,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of TELUS International (Cda) by 12.4% during the 1st quarter. Russell Investments Group Ltd. now owns 95,390 shares of the company's stock worth $809,000 after buying an additional 10,501 shares in the last quarter. Forge First Asset Management Inc. purchased a new position in shares of TELUS International (Cda) during the 1st quarter worth approximately $2,758,000. Finally, 1832 Asset Management L.P. raised its stake in shares of TELUS International (Cda) by 5.3% during the 1st quarter. 1832 Asset Management L.P. now owns 1,285,270 shares of the company's stock worth $10,873,000 after buying an additional 64,570 shares in the last quarter. 59.55% of the stock is owned by hedge funds and other institutional investors.

TELUS International (Cda) Trading Down 2.1 %

Shares of TIXT stock traded down $0.08 during mid-day trading on Tuesday, hitting $3.68. 246,002 shares of the company's stock were exchanged, compared to its average volume of 322,979. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51. The stock has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $5.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.75. The stock has a market cap of $393.13 million, a price-to-earnings ratio of 36.80, a PEG ratio of 1.19 and a beta of 0.69.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). TELUS International (Cda) had a return on equity of 11.66% and a net margin of 2.70%. The business had revenue of $652.00 million for the quarter, compared to analyst estimates of $682.32 million. During the same quarter last year, the business earned $0.16 EPS. TELUS International (Cda)'s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts expect that TELUS International will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America cut TELUS International (Cda) from a "buy" rating to an "underperform" rating and lowered their price target for the stock from $11.00 to $4.00 in a report on Monday, August 5th. Cibc World Mkts cut TELUS International (Cda) from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. William Blair cut TELUS International (Cda) from an "outperform" rating to a "market perform" rating in a report on Friday, August 2nd. Royal Bank of Canada cut TELUS International (Cda) from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $10.00 to $5.00 in a report on Monday, August 5th. Finally, CIBC cut TELUS International (Cda) from a "sector outperform" rating to a "neutral" rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.37.

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.