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

Circumference Group LLC bought a new position in shares of TELUS International (Cda) Inc. (NYSE:TIXT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 575,000 shares of the company’s stock, valued at approximately $2,248,000. TELUS International (Cda) makes up 2.3% of Circumference Group LLC’s investment portfolio, making the stock its 19th biggest holding. Circumference Group LLC owned 0.54% of TELUS International (Cda) as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Walleye Capital LLC bought a new position in shares of TELUS International (Cda) during the 3rd quarter worth approximately $60,000. Blue Trust Inc. increased its stake in 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 buying an additional 2,948 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 buying an additional 4,973 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of TELUS International (Cda) during the 2nd quarter worth about $191,000. Finally, National Bank of Canada FI grew its holdings in shares of TELUS International (Cda) by 971.6% in the 2nd 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 in the last quarter. Institutional investors own 59.55% of the company’s stock.

TELUS International (Cda) Stock Performance

Shares of NYSE TIXT opened at $3.88 on Monday. TELUS International has a one year low of $2.83 and a one year high of $11.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -77.60, a P/E/G ratio of 1.26 and a beta of 0.68. The stock’s fifty day moving average price is $3.76 and its two-hundred day moving average price is $4.60.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. The business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.10 million. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities analysts forecast that TELUS International will post 0.43 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on TIXT. Scotiabank lowered 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 report on Wednesday, August 7th. Robert W. Baird dropped their price target on shares of TELUS International (Cda) from $8.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a research report on Thursday, September 26th. Cibc World Mkts cut shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets cut their target price on shares of TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating for the company in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, TELUS International (Cda) has an average rating of “Hold” and a consensus 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.