Sumitomo Mitsui Trust Holdings Inc. Buys 357,278 Shares of TDCX Inc. (NYSE:TDCX)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of TDCX Inc. (NYSE:TDCX - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 868,623 shares of the company's stock after acquiring an additional 357,278 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.60% of TDCX worth $4,213,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TDCX. Acadian Asset Management LLC grew its stake in shares of TDCX by 696.0% during the third quarter. Acadian Asset Management LLC now owns 78,729 shares of the company's stock valued at $460,000 after purchasing an additional 68,839 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in TDCX by 130.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 127,871 shares of the company's stock valued at $756,000 after acquiring an additional 72,351 shares during the last quarter. Finally, Barclays PLC acquired a new position in TDCX during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 10.95% of the company's stock.

TDCX Trading Up 0.5 %

NYSE:TDCX traded up $0.04 during mid-day trading on Wednesday, hitting $7.16. The company had a trading volume of 29,327 shares, compared to its average volume of 275,455. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.16 and a current ratio of 7.64. TDCX Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $10.42. The firm has a market cap of $1.04 billion, a P/E ratio of 11.54 and a beta of 0.29. The business's fifty day moving average is $6.93 and its two-hundred day moving average is $5.90.

TDCX (NYSE:TDCX - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $120.43 million during the quarter, compared to the consensus estimate of $118.67 million. TDCX had a net margin of 18.24% and a return on equity of 18.91%. As a group, research analysts expect that TDCX Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

Separately, HSBC cut shares of TDCX from a "buy" rating to a "hold" rating in a research report on Thursday, January 4th.

TDCX Profile

TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.