TELUS International (Cda) Inc. (NYSE:TIXT) Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,498,406 shares of the company's stock after selling 2,110,841 shares during the quarter. Mackenzie Financial Corp owned about 8.89% of TELUS International (Cda) worth $55,838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TIXT. Cibc World Market Inc. increased its stake in TELUS International (Cda) by 0.8% during the first quarter. Cibc World Market Inc. now owns 88,458 shares of the company's stock worth $2,186,000 after acquiring an additional 728 shares during the last quarter. Citigroup Inc. grew its holdings in shares of TELUS International (Cda) by 18.8% during the 1st quarter. Citigroup Inc. now owns 4,781 shares of the company's stock worth $96,000 after purchasing an additional 755 shares during the period. BlackRock Inc. increased its position in shares of TELUS International (Cda) by 8.2% during the 1st quarter. BlackRock Inc. now owns 17,140 shares of the company's stock worth $347,000 after purchasing an additional 1,294 shares during the last quarter. Barclays PLC raised its holdings in TELUS International (Cda) by 11.9% in the 2nd quarter. Barclays PLC now owns 14,100 shares of the company's stock valued at $214,000 after buying an additional 1,500 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in TELUS International (Cda) during the first quarter worth about $46,000. Institutional investors and hedge funds own 59.55% of the company's stock.

TELUS International (Cda) Stock Down 5.8 %

TELUS International (Cda) stock traded down $0.49 during midday trading on Wednesday, reaching $7.94. The company's stock had a trading volume of 114,309 shares, compared to its average volume of 205,157. TELUS International has a fifty-two week low of $6.03 and a fifty-two week high of $21.75. The company has a market cap of $848.23 million, a P/E ratio of 52.93, a P/E/G ratio of 8.90 and a beta of 0.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $9.34 and a 200-day simple moving average of $8.28.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. TELUS International (Cda) had a return on equity of 11.74% and a net margin of 1.99%. The company had revenue of $692.00 million for the quarter, compared to analyst estimates of $691.00 million. During the same quarter last year, the company posted $0.34 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that TELUS International will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TIXT has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of TELUS International (Cda) from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Monday, February 12th. Guggenheim initiated coverage on TELUS International (Cda) in a research note on Tuesday, March 19th. They set a "neutral" rating and a $9.00 target price on the stock. TheStreet raised TELUS International (Cda) from a "d" rating to a "c-" rating in a research report on Monday, February 12th. TD Securities increased their price target on shares of TELUS International (Cda) from $10.50 to $11.50 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, CIBC reduced their target price on shares of TELUS International (Cda) from $21.50 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, March 20th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.83.

TELUS International (Cda) Profile

TELUS International (Cda) 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.