Jane Street Group LLC decreased its holdings in shares of TELUS Digital (NYSE:TIXT - Free Report) by 81.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 150,407 shares of the company's stock after selling 682,546 shares during the period. Jane Street Group LLC owned approximately 0.05% of TELUS Digital worth $590,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in TELUS Digital by 209.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company's stock valued at $8,222,000 after purchasing an additional 1,418,119 shares during the last quarter. Blue Trust Inc. boosted its stake in TELUS Digital by 62.0% during the 4th quarter. Blue Trust Inc. now owns 36,332 shares of the company's stock worth $142,000 after acquiring an additional 13,904 shares during the last quarter. Geode Capital Management LLC raised its holdings in TELUS Digital by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 76,811 shares of the company's stock worth $301,000 after purchasing an additional 12,366 shares during the period. Bank of Montreal Can boosted its position in shares of TELUS Digital by 13.0% during the fourth quarter. Bank of Montreal Can now owns 211,122 shares of the company's stock worth $829,000 after purchasing an additional 24,368 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of TELUS Digital by 27.2% in the 4th quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company's stock valued at $21,979,000 after buying an additional 1,198,312 shares during the period. Institutional investors and hedge funds own 59.55% of the company's stock.
TELUS Digital Price Performance
Shares of TELUS Digital stock traded up $0.10 during trading on Thursday, reaching $2.85. 195,683 shares of the company's stock were exchanged, compared to its average volume of 396,680. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. TELUS Digital has a 1-year low of $2.13 and a 1-year high of $6.86. The company has a market cap of $785.60 million, a P/E ratio of -8.14, a PEG ratio of 4.71 and a beta of 0.72. The firm's 50-day moving average price is $2.59 and its 200 day moving average price is $3.23.
TELUS Digital (NYSE:TIXT - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $647.04 million for the quarter, compared to the consensus estimate of $650.18 million. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%. As a group, research analysts anticipate that TELUS Digital will post 0.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
TIXT has been the topic of several research analyst reports. 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. BMO Capital Markets cut their price objective on TELUS Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a report on Monday, May 12th. National Bank Financial raised TELUS Digital from a "sector perform" rating to an "outperform" rating in a research note on Friday, May 9th. Scotiabank dropped their target price on shares of TELUS Digital from $5.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Finally, Barclays reduced their price target on shares of TELUS Digital from $5.00 to $3.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.07.
Check Out Our Latest Stock Report on TIXT
About TELUS Digital
(
Free Report)
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.
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