DGS Capital Management LLC Raises Stock Holdings in TELUS International (Cda) Inc. (NYSE:TIXT)

DGS Capital Management LLC boosted its stake in TELUS International (Cda) Inc. (NYSE:TIXT) by 213.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,202 shares of the company’s stock after purchasing an additional 78,460 shares during the quarter. DGS Capital Management LLC’s holdings in TELUS International (Cda) were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of 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 acquiring an additional 2,948 shares during the last quarter. Marshall Wace LLP increased its stake in TELUS International (Cda) by 2.3% in the 2nd quarter. Marshall Wace LLP now owns 223,262 shares of the company’s stock worth $1,290,000 after purchasing an additional 5,017 shares during the period. Virtu Financial LLC purchased a new position in TELUS International (Cda) in the 3rd quarter worth approximately $54,000. Walleye Capital LLC bought a new stake in TELUS International (Cda) in the third quarter valued at approximately $60,000. Finally, Barclays PLC boosted its stake in shares of TELUS International (Cda) by 118.8% during the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after purchasing an additional 16,629 shares during the period. 59.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TIXT. Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.20.

TELUS International (Cda) Price Performance

Shares of TIXT stock opened at $3.97 on Friday. The business’s fifty day moving average is $3.73 and its 200 day moving average is $4.00. 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 stock has a market cap of $1.09 billion, a price-to-earnings ratio of -79.30, a PEG ratio of 1.45 and a beta of 0.67. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $0.19 EPS. Research analysts expect that TELUS International will post 0.43 EPS 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.