TELUS International (Cda) Inc. (NYSE:TIXT) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its position in TELUS International (Cda) Inc. (NYSE:TIXT) by 256.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,821,074 shares of the company’s stock after purchasing an additional 1,310,287 shares during the quarter. Northwest & Ethical Investments L.P. owned about 1.70% of TELUS International (Cda) worth $7,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. QV Investors Inc. grew its holdings in TELUS International (Cda) by 398.0% in the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after buying an additional 4,804,521 shares in the last quarter. Horrell Capital Management Inc. bought a new position in shares of TELUS International (Cda) in the third quarter worth $2,248,000. Mackenzie Financial Corp increased its holdings in shares of TELUS International (Cda) by 5.9% during the second quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock valued at $48,744,000 after purchasing an additional 472,103 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of TELUS International (Cda) by 5.8% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,151,263 shares of the company’s stock valued at $12,301,000 after purchasing an additional 173,477 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of TELUS International (Cda) by 192.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 158,732 shares of the company’s stock valued at $620,000 after purchasing an additional 104,430 shares in the last quarter. Institutional investors own 59.55% of the company’s stock.

Analyst Ratings Changes

TIXT has been the topic of several research analyst reports. CIBC cut shares of TELUS International (Cda) from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 6th. BMO Capital Markets dropped their price objective on TELUS International (Cda) from $7.50 to $4.75 and set a “market perform” rating on the stock in a research note on Monday, August 5th. Scotiabank decreased their target price on TELUS International (Cda) from $10.00 to $5.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Desjardins raised shares of TELUS International (Cda) to a “hold” rating in a report on Thursday, September 26th. Finally, Cibc World Mkts cut shares of TELUS International (Cda) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.37.

TELUS International (Cda) Stock Performance

TIXT stock opened at $3.84 on Friday. The company’s 50 day simple moving average is $3.75 and its 200-day simple moving average is $4.64. TELUS International has a 52-week low of $2.83 and a 52-week high of $11.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02.

TELUS International (Cda) (NYSE:TIXT) last announced its earnings results on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company 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 previous year, the business earned $0.19 EPS. On average, equities research analysts anticipate 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.