Horrell Capital Management Inc. Takes Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Horrell Capital Management Inc. acquired a new stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT) in the third quarter, according to the company in its most recent disclosure with the Securities & 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 filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TIXT. Blue Trust Inc. raised its position in shares of TELUS International (Cda) by 15.1% during the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock valued at $88,000 after buying an additional 2,948 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TELUS International (Cda) by 32.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,322 shares of the company’s stock valued at $117,000 after buying an additional 4,973 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of TELUS International (Cda) during the second quarter valued at about $191,000. 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 period. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its stake in TELUS International (Cda) by 12.1% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 60,700 shares of the company’s stock valued at $514,000 after acquiring an additional 6,560 shares during the period. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Performance

Shares of TIXT remained flat at $3.76 during mid-day trading on Tuesday. 49,802 shares of the stock traded hands, compared to its average volume of 321,927. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $5.26. The stock has a market capitalization of $401.68 million, a PE ratio of 37.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.69.

TELUS International (Cda) (NYSE:TIXT) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The business had revenue of $652.00 million during the quarter, compared to analyst estimates of $682.32 million. TELUS International (Cda) had a net margin of 2.70% and a return on equity of 11.66%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. As a group, analysts anticipate that TELUS International will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on TIXT. CIBC cut shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 6th. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and lowered their target price for the company from $11.00 to $4.00 in a research note on Monday, August 5th. William Blair cut shares of TELUS International (Cda) from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Scotiabank lowered their target price on shares of 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. Finally, Barclays lowered their target price on shares of TELUS International (Cda) from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock 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.