Jane Street Group LLC Sells 682,546 Shares of TELUS Digital (NYSE:TIXT)

Jane Street Group LLC cut its holdings in TELUS Digital (NYSE:TIXT - Free Report) by 81.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,407 shares of the company's stock after selling 682,546 shares during the quarter. Jane Street Group LLC owned about 0.05% of TELUS Digital worth $590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. PDT Partners LLC bought a new stake in TELUS Digital in the 4th quarter valued at approximately $61,000. Aquatic Capital Management LLC bought a new stake in TELUS Digital in the 4th quarter valued at approximately $37,000. Two Sigma Securities LLC bought a new stake in TELUS Digital in the 4th quarter valued at approximately $42,000. TD Waterhouse Canada Inc. raised its stake in shares of TELUS Digital by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 38,594 shares of the company's stock worth $148,000 after purchasing an additional 11,492 shares in the last quarter. Finally, Medina Value Partners LLC bought a new stake in shares of TELUS Digital during the 4th quarter worth approximately $8,211,000. 59.55% of the stock is currently owned by institutional investors and hedge funds.

TELUS Digital Price Performance

Shares of TIXT traded up $0.01 during trading hours on Friday, hitting $2.85. 203,519 shares of the company were exchanged, compared to its average volume of 396,839. The company has a market cap of $785.60 million, a price-to-earnings ratio of -8.14, a P/E/G ratio of 4.71 and a beta of 0.72. TELUS Digital has a fifty-two week low of $2.13 and a fifty-two week high of $6.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm's fifty day moving average is $2.60 and its 200 day moving average is $3.20.

TELUS Digital (NYSE:TIXT - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. TELUS Digital had a positive return on equity of 5.73% and a negative net margin of 2.30%. The business had revenue of $647.04 million during the quarter, compared to the consensus estimate of $650.18 million. On average, equities analysts anticipate that TELUS Digital will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

TIXT has been the topic of a number of analyst reports. Scotiabank dropped their price objective on TELUS Digital from $5.00 to $3.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets dropped their price objective on TELUS Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a research note on Monday, May 12th. Barclays dropped their price objective on TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. National Bankshares dropped their price objective on TELUS Digital from $4.25 to $3.00 and set a "sector perform" rating on the stock in a research note on Friday, April 25th. Finally, TD Securities boosted their target price on TELUS Digital from $3.75 to $4.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $4.07.

About TELUS Digital

TELUS Digital 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.