Toronto Dominion Bank Raises Stock Holdings in TELUS International (Cda) Inc. (NYSE:TIXT)

Toronto Dominion Bank increased its position in TELUS International (Cda) Inc. (NYSE:TIXT) by 32.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,544 shares of the company’s stock after buying an additional 3,302 shares during the quarter. Toronto Dominion Bank’s holdings in TELUS International (Cda) were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIXT. Mackenzie Financial Corp increased its position in TELUS International (Cda) by 24.3% during the 3rd quarter. Mackenzie Financial Corp now owns 10,587,621 shares of the company’s stock valued at $370,863,000 after purchasing an additional 2,072,723 shares during the period. TimesSquare Capital Management LLC purchased a new position in TELUS International (Cda) during the 3rd quarter valued at $18,380,000. Russell Investments Group Ltd. increased its position in TELUS International (Cda) by 8.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 75,636 shares of the company’s stock valued at $2,653,000 after purchasing an additional 6,000 shares during the period. Cidel Asset Management Inc. increased its position in TELUS International (Cda) by 15.3% during the 3rd quarter. Cidel Asset Management Inc. now owns 187,852 shares of the company’s stock valued at $6,590,000 after purchasing an additional 24,943 shares during the period. Finally, Raymond James & Associates increased its position in TELUS International (Cda) by 5.3% during the 3rd quarter. Raymond James & Associates now owns 18,707 shares of the company’s stock valued at $655,000 after purchasing an additional 945 shares during the period. 19.60% of the stock is currently owned by institutional investors.

TIXT opened at $29.35 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $7.80 billion and a P/E ratio of 117.40. The company’s 50-day simple moving average is $33.12 and its two-hundred day simple moving average is $33.45. TELUS International has a 52-week low of $26.92 and a 52-week high of $39.91.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, November 5th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The company had revenue of $556.00 million for the quarter, compared to the consensus estimate of $557.69 million. TELUS International (Cda) had a net margin of 3.09% and a return on equity of 13.10%. Research analysts forecast that TELUS International will post 0.77 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. TD Securities boosted their price objective on shares of TELUS International (Cda) from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 9th. Zacks Investment Research cut shares of TELUS International (Cda) from a “buy” rating to a “hold” rating in a report on Wednesday, November 17th. Citigroup upgraded shares of TELUS International (Cda) from a “neutral” rating to a “buy” rating and dropped their target price for the company from $40.00 to $36.00 in a report on Friday. Bank of America cut shares of TELUS International (Cda) from a “buy” rating to an “underperform” rating and dropped their target price for the company from $38.00 to $35.00 in a report on Thursday, January 6th. Finally, Royal Bank of Canada boosted their target price on shares of TELUS International (Cda) from $36.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $37.87.

TELUS International (Cda) Company Profile

TELUS International (Cda) Inc provides customer experience and digital business services in Europe, North America, the Asia-Pacific, and the Central America. It offers digital experience solutions, such as AI and bots, omnichannel CX, mobility solutions, cloud contact center, big data, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, customer care, technical support, sales growth and retention, and healthcare/patient experience.

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Institutional Ownership by Quarter for TELUS International (Cda) (NYSE:TIXT)

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