Circumference Group LLC Takes $2.25 Million Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Circumference Group LLC purchased a new position in TELUS International (Cda) Inc. (NYSE:TIXT) during the third quarter, Holdings Channel reports. The firm purchased 575,000 shares of the company’s stock, valued at approximately $2,248,000. TELUS International (Cda) accounts for 2.3% of Circumference Group LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Walleye Capital LLC acquired a new stake in TELUS International (Cda) during the third quarter worth about $60,000. Blue Trust Inc. lifted its holdings in shares of TELUS International (Cda) by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after acquiring an additional 2,948 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TELUS International (Cda) by 32.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock worth $117,000 after acquiring an additional 4,973 shares in the last quarter. XTX Topco Ltd bought a new position in TELUS International (Cda) in the second quarter valued at approximately $191,000. Finally, National Bank of Canada FI increased its stake in TELUS International (Cda) by 971.6% in the second quarter. National Bank of Canada FI now owns 75,443 shares of the company’s stock valued at $441,000 after acquiring an additional 68,403 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Up 1.0 %

Shares of NYSE:TIXT opened at $3.88 on Monday. The firm has a market cap of $1.07 billion, a P/E ratio of -77.60, a P/E/G ratio of 1.26 and a beta of 0.68. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51. The business has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $4.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72.

TELUS International (Cda) (NYSE:TIXT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned $0.19 earnings per share. Analysts predict that TELUS International will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TIXT shares. BMO Capital Markets reduced their target price on TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating on the stock in a report on Monday, August 5th. Royal Bank of Canada cut TELUS International (Cda) from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $10.00 to $5.00 in a research report on Monday, August 5th. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $11.00 to $4.00 in a report on Monday, August 5th. Barclays decreased their price target on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Finally, Robert W. Baird dropped their price objective on shares of TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.37.

About TELUS International (Cda)

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.