Nuveen Asset Management LLC Sells 219,532 Shares of TELUS Digital (NYSE:TIXT)

Nuveen Asset Management LLC trimmed its stake in shares of TELUS Digital (NYSE:TIXT - Free Report) by 79.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,568 shares of the company's stock after selling 219,532 shares during the period. Nuveen Asset Management LLC's holdings in TELUS Digital were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Medina Value Partners LLC bought a new stake in TELUS Digital in the fourth quarter worth $8,211,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of TELUS Digital by 209.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company's stock worth $8,222,000 after buying an additional 1,418,119 shares during the last quarter. Clearbridge Investments LLC increased 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 worth $21,979,000 after buying an additional 1,198,312 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of TELUS Digital by 365.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 739,609 shares of the company's stock valued at $2,904,000 after buying an additional 580,726 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of TELUS Digital by 72.0% in the 4th quarter. Renaissance Technologies LLC now owns 502,800 shares of the company's stock valued at $1,971,000 after acquiring an additional 210,400 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors.

TELUS Digital Trading Up 1.9%

TELUS Digital stock traded up $0.06 during trading hours on Tuesday, hitting $2.90. The company had a trading volume of 649,063 shares, compared to its average volume of 416,625. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $798.01 million, a P/E ratio of -8.27, a P/E/G ratio of 4.71 and a beta of 0.80. The company has a 50-day moving average price of $2.63 and a two-hundred day moving average price of $3.17. TELUS Digital has a 1 year low of $2.13 and a 1 year high of $6.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Securities upped their price objective on TELUS Digital from $3.75 to $4.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Scotiabank decreased their price target on TELUS Digital from $5.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. National Bankshares lowered their price target on TELUS Digital from $4.25 to $3.00 and set a "sector perform" rating for the company in a research report on Friday, April 25th. BMO Capital Markets cut their price objective on shares of TELUS Digital from $4.50 to $3.00 and set a "market perform" rating on the stock in a research report on Monday, May 12th. Finally, National Bank Financial raised shares of TELUS Digital from a "sector perform" rating to an "outperform" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.