Renaissance Technologies LLC Has $1.97 Million Stock Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Renaissance Technologies LLC raised its holdings in shares of TELUS International (Cda) Inc. (NYSE:TIXT - Free Report) by 72.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 502,800 shares of the company's stock after acquiring an additional 210,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.18% of TELUS International (Cda) worth $1,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TIXT. JPMorgan Chase & Co. purchased a new stake in shares of TELUS International (Cda) during the third quarter worth about $24,223,000. Arrowstreet Capital Limited Partnership lifted its position in shares of TELUS International (Cda) by 209.4% in the fourth 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 in the last quarter. Clearbridge Investments LLC boosted its stake in TELUS International (Cda) by 27.2% during the fourth quarter. Clearbridge Investments LLC now owns 5,606,794 shares of the company's stock valued at $21,979,000 after buying an additional 1,198,312 shares during the last quarter. Bank of Nova Scotia grew its holdings in TELUS International (Cda) by 56.2% during the 4th quarter. Bank of Nova Scotia now owns 247,731 shares of the company's stock valued at $974,000 after buying an additional 89,119 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of TELUS International (Cda) by 52.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 241,896 shares of the company's stock worth $950,000 after acquiring an additional 83,164 shares in the last quarter. 59.55% of the stock is owned by institutional investors.

TELUS International (Cda) Stock Performance

TIXT traded up $0.08 during trading on Thursday, hitting $2.52. The stock had a trading volume of 37,227 shares, compared to its average volume of 399,626. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. TELUS International has a 12 month low of $2.13 and a 12 month high of $8.47. The company has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $3.38. The firm has a market cap of $693.26 million, a PE ratio of -7.19, a P/E/G ratio of 4.71 and a beta of 0.71.

TELUS International (Cda) (NYSE:TIXT - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $691.00 million for the quarter, compared to the consensus estimate of $672.44 million. TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. Analysts expect that TELUS International will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

TIXT has been the topic of a number of recent analyst reports. TD Securities increased their target price on TELUS International (Cda) from $3.75 to $4.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Scotiabank lowered their price target on shares of TELUS International (Cda) from $5.00 to $3.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Stifel Canada raised shares of TELUS International (Cda) to a "strong-buy" rating in a research report on Wednesday, January 15th. National Bankshares lowered their target price on shares of TELUS International (Cda) from $4.25 to $3.00 and set a "sector perform" rating on the stock in a research report on Friday, April 25th. Finally, Barclays decreased their price objective on TELUS International (Cda) from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.21.

About TELUS International (Cda)

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.