Bayesian Capital Management LP Acquires New Position in TELUS International (Cda) Inc. (NYSE:TIXT)

Bayesian Capital Management LP bought a new position in TELUS International (Cda) Inc. (NYSE:TIXT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,555 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors also recently modified their holdings of TIXT. Arrowstreet Capital Limited Partnership grew its stake in 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 valued at $8,222,000 after purchasing an additional 1,418,119 shares in the last quarter. Blue Trust Inc. increased its holdings in TELUS International (Cda) by 62.0% in the fourth quarter. Blue Trust Inc. now owns 36,332 shares of the company’s stock worth $142,000 after buying an additional 13,904 shares during the last quarter. Barclays PLC raised its position in TELUS International (Cda) by 118.8% during the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock valued at $120,000 after acquiring an additional 16,629 shares in the last quarter. Geode Capital Management LLC grew its position in TELUS International (Cda) by 19.2% in the fourth quarter. Geode Capital Management LLC now owns 76,811 shares of the company’s stock worth $301,000 after acquiring an additional 12,366 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of TELUS International (Cda) by 13.0% during the 4th quarter. Bank of Montreal Can now owns 211,122 shares of the company’s stock worth $829,000 after purchasing an additional 24,368 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Price Performance

NYSE:TIXT opened at $2.71 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day moving average of $2.59 and a 200-day moving average of $3.32. TELUS International has a 52 week low of $2.13 and a 52 week high of $6.86. The company has a market capitalization of $747.01 million, a price-to-earnings ratio of -7.74, a PEG ratio of 4.71 and a beta of 0.72.

TELUS International (Cda) (NYSE:TIXT) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $691.00 million for the quarter, compared to analyst estimates of $672.44 million. TELUS International (Cda) had a negative net margin of 2.30% and a positive return on equity of 5.73%. As a group, equities research analysts anticipate that TELUS International will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on TIXT. TD Securities increased their target price on shares of TELUS International (Cda) from $3.75 to $4.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Stifel Canada upgraded TELUS International (Cda) to a “strong-buy” rating in a report on Wednesday, January 15th. Stifel Nicolaus assumed coverage on TELUS International (Cda) in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price target on the stock. Barclays decreased their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, National Bank Financial upgraded shares of TELUS International (Cda) from a “sector perform” rating to an “outperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.23.

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.