75,500 Shares in TELUS International (Cda) Inc. (NYSE:TIXT) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in TELUS International (Cda) Inc. (NYSE:TIXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 75,500 shares of the company’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TIXT. Virtu Financial LLC bought a new position in TELUS International (Cda) during the 3rd quarter worth $54,000. Walleye Capital LLC acquired a new stake in shares of TELUS International (Cda) during the 3rd quarter worth $60,000. PFW Advisors LLC bought a new position in shares of TELUS International (Cda) in the fourth quarter worth $67,000. Blue Trust Inc. increased its position in shares of TELUS International (Cda) by 15.1% in the third quarter. Blue Trust Inc. now owns 22,428 shares of the company’s stock worth $88,000 after purchasing an additional 2,948 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new position in TELUS International (Cda) in the third quarter valued at about $96,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

Analysts Set New Price Targets

TIXT has been the topic of several recent analyst reports. Stifel Nicolaus began coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, TD Securities boosted their price objective on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.21.

TELUS International (Cda) Stock Down 6.0 %

Shares of NYSE TIXT opened at $3.36 on Friday. The company has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $3.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95. TELUS International has a 1 year low of $2.83 and a 1 year high of $11.51. The firm has a market cap of $922.63 million, a PE ratio of -9.59, a price-to-earnings-growth ratio of 4.71 and a beta of 0.67.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. The business had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. On average, research analysts forecast that TELUS International will post 0.32 EPS for the current year.

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.