Montrusco Bolton Investments Inc. Sells 15,794 Shares of TELUS International (Cda) Inc. (NYSE:TIXT)

Montrusco Bolton Investments Inc. lessened its stake in TELUS International (Cda) Inc. (NYSE:TIXTGet Rating) by 22.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,575 shares of the company’s stock after selling 15,794 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in TELUS International (Cda) were worth $1,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its stake in TELUS International (Cda) by 14.5% during the 1st quarter. Capital International Investors now owns 5,536,117 shares of the company’s stock worth $136,798,000 after purchasing an additional 699,567 shares in the last quarter. Franklin Resources Inc. raised its position in TELUS International (Cda) by 35.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,615,797 shares of the company’s stock valued at $40,544,000 after buying an additional 421,615 shares during the last quarter. Jennison Associates LLC grew its position in TELUS International (Cda) by 30.4% in the third quarter. Jennison Associates LLC now owns 921,887 shares of the company’s stock valued at $24,117,000 after purchasing an additional 214,919 shares in the last quarter. QV Investors Inc. grew its holdings in shares of TELUS International (Cda) by 13.3% in the 2nd quarter. QV Investors Inc. now owns 1,542,015 shares of the company’s stock valued at $38,611,000 after acquiring an additional 181,331 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in TELUS International (Cda) by 22.4% during the first quarter. 1832 Asset Management L.P. now owns 700,000 shares of the company’s stock valued at $17,059,000 after purchasing an additional 128,000 shares during the last quarter. Institutional investors own 18.27% of the company’s stock.

Wall Street Analyst Weigh In

TIXT has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective on shares of TELUS International (Cda) from $35.00 to $27.00 and set an “outperform” rating for the company in a report on Monday, November 7th. Wells Fargo & Company reduced their price objective on shares of TELUS International (Cda) from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. JPMorgan Chase & Co. cut shares of TELUS International (Cda) from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $24.00 in a research report on Thursday, December 15th. TD Securities lowered their price objective on shares of TELUS International (Cda) from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Finally, Citigroup reduced their target price on TELUS International (Cda) from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Sunday, November 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TELUS International (Cda) has a consensus rating of “Moderate Buy” and an average target price of $26.91.

TELUS International (Cda) Stock Performance

TELUS International (Cda) stock traded down $0.42 during mid-day trading on Wednesday, reaching $22.33. 23,250 shares of the company’s stock were exchanged, compared to its average volume of 93,709. The firm has a market capitalization of $5.94 billion, a PE ratio of 32.97, a P/E/G ratio of 1.14 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.39. The business’s fifty day simple moving average is $20.37 and its 200 day simple moving average is $24.79. TELUS International has a one year low of $17.65 and a one year high of $31.52.

TELUS International (Cda) (NYSE:TIXTGet Rating) last released its earnings results on Friday, November 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. TELUS International (Cda) had a return on equity of 17.02% and a net margin of 7.59%. The business had revenue of $615.00 million during the quarter, compared to the consensus estimate of $650.26 million. On average, sell-side analysts expect that TELUS International will post 1.12 earnings per share for the current year.

TELUS International (Cda) Company Profile

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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.

See Also

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

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