DGS Capital Management LLC Acquires 11,624 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

DGS Capital Management LLC lifted its holdings in TELUS International (Cda) Inc. (NYSE:TIXT) by 66.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,133 shares of the company’s stock after buying an additional 11,624 shares during the quarter. DGS Capital Management LLC’s holdings in TELUS International (Cda) were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TIXT. Capital International Investors increased its position in TELUS International (Cda) by 14.5% in the first quarter. Capital International Investors now owns 5,536,117 shares of the company’s stock worth $136,798,000 after purchasing an additional 699,567 shares during the period. Bank of America Corp DE increased its position in TELUS International (Cda) by 451.6% in the fourth quarter. Bank of America Corp DE now owns 458,696 shares of the company’s stock worth $9,078,000 after purchasing an additional 375,544 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of TELUS International (Cda) by 203.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,783 shares of the company’s stock worth $10,124,000 after buying an additional 335,698 shares during the period. Quadrature Capital Ltd acquired a new position in shares of TELUS International (Cda) during the 3rd quarter worth about $2,109,000. Finally, Marshall Wace LLP grew its position in shares of TELUS International (Cda) by 339.3% during the 4th quarter. Marshall Wace LLP now owns 305,660 shares of the company’s stock worth $6,049,000 after buying an additional 236,078 shares during the period. 59.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TIXT shares. BMO Capital Markets boosted their target price on TELUS International (Cda) from $8.00 to $10.50 and gave the stock a “market perform” rating in a research report on Monday, February 12th. TD Securities boosted their target price on TELUS International (Cda) from $10.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, February 12th. Guggenheim began coverage on TELUS International (Cda) in a research report on Tuesday, March 19th. They set a “neutral” rating and a $9.00 target price for the company. CIBC cut their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Finally, Canaccord Genuity Group lifted their price objective on TELUS International (Cda) from $14.50 to $16.50 and gave the company a “buy” rating in a report on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.83.

TELUS International (Cda) Stock Performance

NYSE TIXT opened at $8.44 on Wednesday. The stock has a market capitalization of $901.11 million, a price-to-earnings ratio of 56.24, a PEG ratio of 8.90 and a beta of 0.90. The stock’s 50 day moving average price is $9.34 and its two-hundred day moving average price is $8.28. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.14 and a current ratio of 1.14. TELUS International has a 52 week low of $6.03 and a 52 week high of $21.75.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Friday, February 9th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $691.00 million. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, analysts anticipate that TELUS International will post 0.89 earnings per share 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.