Beutel Goodman & Co Ltd. Cuts Stock Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Beutel Goodman & Co Ltd. lessened its stake in TELUS International (Cda) Inc. (NYSE:TIXT) by 13.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,263,260 shares of the company’s stock after selling 344,070 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in TELUS International (Cda) were worth $8,891,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TIXT. JPMorgan Chase & Co. acquired a new stake in shares of TELUS International (Cda) in the third quarter valued at about $24,223,000. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in TELUS International (Cda) by 1.2% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,189,850 shares of the company’s stock worth $12,522,000 after buying an additional 38,587 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after buying an additional 1,310,287 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of TELUS International (Cda) during the third quarter valued at approximately $3,257,000. Finally, Horrell Capital Management Inc. lifted its position in shares of TELUS International (Cda) by 8.7% in the fourth quarter. Horrell Capital Management Inc. now owns 625,000 shares of the company’s stock valued at $2,450,000 after acquiring an additional 50,000 shares in the last quarter. 59.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on TIXT shares. TD Securities boosted their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Stifel Nicolaus started coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 target price for the company. Finally, Stifel Canada raised shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

TELUS International (Cda) Stock Performance

Shares of TIXT stock opened at $2.70 on Friday. The firm has a 50 day moving average of $3.30 and a two-hundred day moving average of $3.59. The stock has a market capitalization of $741.13 million, a PE ratio of -7.70, a P/E/G ratio of 4.71 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. TELUS International has a 52 week low of $2.61 and a 52 week high of $8.96.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $691.00 million during the quarter, compared to analysts’ expectations of $672.44 million. On average, research analysts predict that TELUS International will post 0.32 EPS for the current fiscal year.

About TELUS International (Cda)

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.