Nuveen LLC Makes New $225,000 Investment in Telus Digital $TIXT

Key Points

• Nuveen LLC has made a new investment of approximately $225,000 in Telus Digital, acquiring 83,987 shares during the first quarter.
• Multiple hedge funds have increased their stakes in Telus Digital, with Two Sigma Investments LP raising its position by 578.8% in the fourth quarter.
• Telus Digital reported $711.33 million in revenue for the last quarter, surpassing analyst expectations, and has set its FY 2025 earnings per share guidance at 0.320.

Nuveen LLC acquired a new position in shares of Telus Digital (NYSE:TIXT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 83,987 shares of the company's stock, valued at approximately $225,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in Telus Digital by 18.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 34,862 shares of the company's stock worth $137,000 after acquiring an additional 5,509 shares during the period. Bank of America Corp DE increased its stake in Telus Digital by 14.3% during the 4th quarter. Bank of America Corp DE now owns 419,723 shares of the company's stock worth $1,645,000 after acquiring an additional 52,561 shares during the period. BNP Paribas Financial Markets bought a new position in Telus Digital during the 4th quarter worth $101,000. Two Sigma Investments LP increased its stake in Telus Digital by 578.8% during the 4th quarter. Two Sigma Investments LP now owns 497,821 shares of the company's stock worth $1,951,000 after acquiring an additional 424,484 shares during the period. Finally, Deutsche Bank AG bought a new position in Telus Digital during the 4th quarter worth $246,000. Institutional investors own 59.55% of the company's stock.

Telus Digital Stock Up 0.1%

TIXT stock opened at $4.48 on Friday. The stock's 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.20. Telus Digital has a fifty-two week low of $2.13 and a fifty-two week high of $4.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $1.24 billion, a P/E ratio of -3.22 and a beta of 0.91.

Telus Digital (NYSE:TIXT - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Telus Digital had a positive return on equity of 1.99% and a negative net margin of 14.09%.The business had revenue of $711.33 million for the quarter, compared to the consensus estimate of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. On average, research analysts expect that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TIXT. Morgan Stanley reduced their target price on Telus Digital from $3.49 to $3.40 and set an "equal weight" rating on the stock in a report on Monday, August 4th. Scotiabank raised their target price on Telus Digital from $3.40 to $4.50 and gave the stock a "sector perform" rating in a research report on Thursday. Wall Street Zen downgraded Telus Digital from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. 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. Finally, Stifel Nicolaus downgraded Telus Digital from a "buy" rating to a "hold" rating and boosted their price objective for the company from $4.00 to $4.50 in a research note on Wednesday. Nine equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $3.93.

Telus Digital Company Profile

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.

Want to see what other hedge funds are holding TIXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telus Digital (NYSE:TIXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.