Northwest & Ethical Investments L.P. Acquires 1,310,287 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Northwest & Ethical Investments L.P. raised its stake in TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) by 256.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,821,074 shares of the company's stock after buying an additional 1,310,287 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 1.70% of TELUS International (Cda) worth $7,110,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TIXT. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 2,948 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TELUS International (Cda) by 32.4% in the 2nd 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 during the last quarter. XTX Topco Ltd acquired a new position in shares of TELUS International (Cda) in the 2nd quarter valued at $191,000. National Bank of Canada FI lifted its stake in TELUS International (Cda) by 971.6% during the 2nd quarter. National Bank of Canada FI now owns 75,443 shares of the company's stock worth $441,000 after acquiring an additional 68,403 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 worth $620,000 after acquiring an additional 104,430 shares in the last quarter. 59.55% of the stock is currently owned by hedge funds and other institutional investors.

TELUS International (Cda) Trading Up 1.0 %

NYSE:TIXT traded up $0.04 on Friday, hitting $3.88. 62,434 shares of the stock were exchanged, compared to its average volume of 329,553. The stock has a market cap of $1.07 billion, a PE ratio of -77.60, a PEG ratio of 1.25 and a beta of 0.68. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $3.76 and a 200-day moving average of $4.61. TELUS International has a fifty-two week low of $2.83 and a fifty-two week high of $11.51.

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

Wall Street Analyst Weigh In

TIXT has been the topic of several research reports. BMO Capital Markets decreased their target price on TELUS International (Cda) from $7.50 to $4.75 and set a "market perform" rating on the stock in a research note on Monday, August 5th. Bank of America downgraded TELUS International (Cda) from a "buy" rating to an "underperform" rating and dropped their price target for the stock from $11.00 to $4.00 in a research note on Monday, August 5th. Scotiabank dropped their price target on TELUS International (Cda) from $10.00 to $5.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. TD Securities reiterated a "hold" rating and issued a $3.75 target price (down from $10.00) on shares of TELUS International (Cda) in a research note on Tuesday, August 6th. Finally, Barclays reduced their price target on TELUS International (Cda) from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, TELUS International (Cda) presently has an average rating of "Hold" and an average target price of $7.37.

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.