Intact Investment Management Inc. Makes New Investment in TELUS International (Cda) Inc. (NYSE:TIXT)

Intact Investment Management Inc. acquired a new position in TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 186,178 shares of the company's stock, valued at approximately $1,599,000. Intact Investment Management Inc. owned approximately 0.25% of TELUS International (Cda) as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $2,109,000. Walleye Capital LLC boosted its position in TELUS International (Cda) by 1,357.6% during the 3rd quarter. Walleye Capital LLC now owns 221,661 shares of the company's stock valued at $1,689,000 after acquiring an additional 206,454 shares in the last quarter. Swiss National Bank bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $1,249,000. Trexquant Investment LP bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $558,000. Finally, Federated Hermes Inc. bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $381,000. Institutional investors own 59.55% of the company's stock.

TELUS International (Cda) Stock Performance

Shares of NYSE TIXT traded up $0.20 during trading on Friday, reaching $8.27. 240,550 shares of the company traded hands, compared to its average volume of 125,809. The firm's fifty day simple moving average is $9.01 and its 200 day simple moving average is $8.32. The stock has a market cap of $883.48 million, a P/E ratio of 55.14, a PEG ratio of 1.03 and a beta of 0.90. TELUS International has a 12-month low of $6.03 and a 12-month high of $20.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.80.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird dropped their target price on TELUS International (Cda) from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. BMO Capital Markets increased their price objective on TELUS International (Cda) from $8.00 to $10.50 and gave the company a "market perform" rating in a report on Monday, February 12th. TD Securities increased their price objective on TELUS International (Cda) from $10.50 to $11.50 and gave the company a "buy" rating in a report on Monday, February 12th. Citigroup decreased their price objective on TELUS International (Cda) from $10.00 to $8.50 and set a "neutral" rating for the company in a report on Monday, April 22nd. Finally, CIBC decreased their price objective on TELUS International (Cda) from $21.50 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $13.53.

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.